Metro Bank (LON: MTRO) boosts SME offering with new fintech partnerships

UK challenger Metro Bank is beefing up it’s offering for business customers through a trio of fintech partnerships.

Earlier this year, Metro won £120 million from the £750 million RBS bailout fund designed to inject competition into the small business banking market.

To help make the most of its war chest, the lender is teaming up with three firms working to make the lives of small firms easier.

A deal with Funding Options means that firms that cannot get financing from Metro will be able to scan a lending marketplace in minutes and easily compare financing options from more than 70 providers.

Meanwhile, Metro is working with Conance to give SMEs customers specialist trade advice and finance solutions.

Finally, in 2020, Metro Bank will deploy DueDil’s predictive company intelligence platform for a speedier account opening process, with quick-search functionality and auto-populated company information.

Paul Riseborough, chief commercial officer, Metro, says: “At Metro Bank we are focused on collaborating with the most innovative partners in order to give our SME customers the edge in today’s competitive market.”



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