Cubefunder Blog Debanking and the Rise of Neobanks and Alternative Lending

Traditional banks reluctant to lend At the start of 2023, there were 5.5 million small businesses, constituting 99.9% of the business landscape, according to the Federation of Small Businesses. In 2023, 150,000 small businesses have had their accounts closed by high-street banks. It is a sobering reflection on the challenges entrepreneurs face today. The banks' reasons for [...]