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New research from iwoca reveals the overwhelming majority of UK SMEs are leveraging social media, as 97% say they use platforms to boost their business. The survey of SME owners, conducted by iwoca - one of Europe’s large SME lenders - shows Meta channels dominate the top four. Facebook leads as the top SME platform with 69% of SMEs on the network, while Instagram ranks second with 67%, and WhatsApp ranks fourth with 58% of firms using the channel.
A year on from the first lockdown, our COO Seema Desai reflects on pulling through tough times as a team.
We've been named as the top small business lender, and highest ranking fintech firm in The Sunday Times HSBC International Track 200.
In partnership with the charity Mental Health UK, we’ve carried out research which lays bare the mental health problem facing small business owners.
We surveyed over 600 small business owners in December to understand how the impact of the pandemic would affect their Christmas plans, and their thoughts on the year ahead.
Micro businesses could face additional hurdles in recovering from the pandemic compared to larger firms due to a greater reliance on the furlough scheme and a lack of confidence in seeking financial support.
