UK fintech companies have come of age during the current crisis, but there are calls for regulatory change to help them grow even faster.
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Fintech start-ups eye life outside the sandbox
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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.
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