Fintech Insider Podcast by 11:FS

984. Insights: Are financial services still failing small businesses?

Jul 31, 2025
Conrad Ford, Chief Product and Strategy Officer at Allica Bank, emphasizes the evolving financial needs of larger SMEs. Hanna Sommer from Liberis discusses building strategic partnerships to enhance funding access. Robin Jones from iwocaPay highlights the importance of digital solutions for B2B transactions. Together, they explore the challenges SMEs face in securing financing, the role of innovative fintech solutions, and how automation and AI can streamline processes. Their insights shine a light on the urgent need for collaboration in the financial services sector.
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INSIGHT

Allica Bank Serves Underserved SMEs

  • Allica Bank focuses on established medium-sized SMEs, a segment often underserved by traditional banks.
  • They are currently the fastest growing startup in Europe, showing unmet demand in this space.
INSIGHT

SMEs Need Fast Funding Access

  • SMEs struggle primarily with access to fast and flexible funding critical for business survival and growth.
  • Traditional banks often fail to meet these urgent funding needs effectively.
INSIGHT

Complex Needs of Medium SMEs

  • Around 80% of SME revenue is from 20% of SMEs; most SMEs are micro-businesses served well by incumbent banks.
  • Medium-sized SMEs have complex needs that current banking services don't adequately support.
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