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Over 50,000 small businesses go bust every year because of late payments

Small to mid-sized enterprises are chasing approximately £50bn in late payments in the UK according to recent research, a figure that equates to five outstanding invoices per firm.  This according to Know-it, the cloud-based credit management platform, is simply unsustainable for many businesses and as debtor days get longer the chances of business survival gets shorter. …

Over 50,000 small businesses go bust every year because of late payments Read More »

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UK’s fintech industry becomes less London-centric

The UK’s fintech scene has become much less London-centric over the last couple of years, with the likes of Manchester, Cardiff and Glasgow developing into thriving hubs, according to a report from Findexable.Now in its third year, the Mambu-powered Global Fintech Rankings algorithmically ranks cities and countries around the world according to the number and …

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Ask a FinTech: How are new technologies helping lenders mitigate risk?

As new technologies continue to shape the financial services sector, consumers are offered more choice than ever when it comes to lending products.  Traditional lenders need to keep up to date as new offerings disrupt the marketplace and customers expect a more personalised experience than ever. Managing risk – as well as responsibility – can …

Ask a FinTech: How are new technologies helping lenders mitigate risk? Read More »

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One in Four UK SMEs Facing Cash Flow Crisis

Businesses within the insurance, pensions, charity, and voluntary sector are facing their biggest fight in recent years – late payments. Organisations being forced to continually engage with late payers as a result of Covid, are facing ongoing financial pressures despite significant government support, a position unlikely to improve as we enter what economist have labelled …

One in Four UK SMEs Facing Cash Flow Crisis Read More »

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Accelerated Payments to Fund SMEs Due To Brexit

Businesses need operating capital, cash flow, and to eradicate late payments Considerable ambiguity surrounds what the “new normal” may look like as organisations begin to emerge from the COVID-19 crisis. Scenario thinking can equip organisations better predict and adapt to dramatic changes, however, one scenario that may been eliminated for UK SMEs is the thought …

Accelerated Payments to Fund SMEs Due To Brexit Read More »

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Accelerated Payments to Fund SMEs in Wake of Brexit and Covid-19 Pandemic

Considerable ambiguity surrounds what the “new normal” may look like as organisations begin to emerge from the COVID-19 crisis and come to terms with the business landscape post Brexit, especially in terms of capital. Scenario thinking can equip organisations better predict and adapt to dramatic changes, however, one scenario that may been eliminated for UK …

Accelerated Payments to Fund SMEs in Wake of Brexit and Covid-19 Pandemic Read More »

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Pandemic Exacerbates the Issue of Late Payments Amongst SMEs

New data from Know-it reveals over half of organisations are forced to do business again with late paying customers Late payments are one of the most challenging issues affecting small businesses and self-employed people. And according to new data from cloud-based credit management platform, Know-it, the impact of the pandemic is exacerbating issue, with new …

Pandemic Exacerbates the Issue of Late Payments Amongst SMEs Read More »

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Time to Address the Gender Disparity in FinTech, Says Founder of Know-it

Statistics have revealed how much more there is to address when it comes to women in the UK technology sector due to gender disparity, says Lynne Darcey Quigley, Founder & CEO of Know-it. Figures make for stark reading and that is why she is backing Girls in ICT Day, which is celebrating its 10th anniversary on …

Time to Address the Gender Disparity in FinTech, Says Founder of Know-it Read More »

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Scottish Tech Firm Aiming To Speed Up Credit Management Process

LYNNE Darcey Quigley came up with the idea for credit management platform Know-It after working in the credit industry for 25 years. The cloud-based programme helps businesses mitigate credit risk, boost cash flow and tackle late payments. Name: Lynne Darcey Quigley Position: CEO and founder WHAT IS THE BUSINESS CALLED? Know-It WHERE IS IT BASED? Glasgow WHY …

Scottish Tech Firm Aiming To Speed Up Credit Management Process Read More »

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