Among those selected by the state-owned British Business Bank to process applications were online bank Starling, peer-to-peer platform Funding Circle, asset-based lender Ultimate Finance, and alternative credit group ThinCats. To some, this was a greater recognition of UK fintechs’ progress than the 500 per cent increase in investment they have attracted in the past three years.

https://www.ft.com/content/c4944d94-141e-4760-ac6a-c18ac471a166