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<p>The UK has been independently ranked by EY and Deloitte as the world’s leading
hub for Fintech. The ambitious Fintech Sector Strategy, launched in March 2018 by
the Chancellor, sets out how the Government intends to maintain that position.</p><p>
</p><p>This thriving Fintech community is an advantage for small UK businesses, who
benefit from easy access to a range of services including foreign exchange, loans,
equity investment and invoice finance. The British Business Bank’s annual Small Business
Finance Markets report, published on 11 February, states that the value of peer-to-peer
business lending rose a further 18% in 2018, having increased by 51% in 2017.</p><p>
</p><p>The same report notes that awareness among small businesses is also increasing,
with 52% aware of peer-to-peer lending as an option (2017: 47%) and 70% aware of equity
crowdfunding (2017: 60%). The British Business Bank’s portal for small businesses,
the Finance Hub, has extensive information for small businesses on finance options
including those available through Fintech providers and how to access them.</p><p>
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