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The Truth About Small Business Banking: Debunking 6 Common Misconceptions 

Available to download now

Leveraging proprietary insights from over 4,000 small business users including Sole Traders and Limited companies, our latest report identifies key behaviours as well as the pain points that small businesses experience when engaging with their banking providers.

We've busted common myths and clarified the real needs of small businesses to help banks and fintech's better align their offerings with the realities of small business operations.

By understanding these dynamics, it unlocks the opportunity to grow in deposits, enhance relationship primacy and expand lending opportunities.
 
Key insights:
  • The true value proposition of business accounts for small enterprises
  • The real reasons behind late payments (hint: it's not what you think)
  • The state of financial task management for small businesses
  • And so much more...

Don't let misconceptions hold your institution back. Understand your small business customers better than ever before and tap into a wealth of opportunities.

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Did you know?

79 %
of payment requests sent by SMEs using our platform are paid within 2 days
90 %
of SMEs don't connect accounting software to our platform
250 %
Payment collections via web platforms are 250% higher than mobile apps
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The digital landscape is witnessing fierce competition to become the primary gateway for essential business services.

Financial institutions that recognize small and medium enterprises (SMEs) as a distinct segment with unique needs are currently leading the charge in attracting and retaining small business banking customers.

This raises a crucial question: How can established banks effectively engage with small business customers and tap into a wealth of new opportunities?