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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.
With Pride events kicking off across the capital, we visited some of the small businesses around London who are celebrating the Pride Jubilee, to find out what it means to them.
To help finance even more businesses through our partners, we're launching OpenLending with 14 powerful fintech platforms.
It’s been a tough time to run a business recently – we launched a survey to find out exactly what sacrifices business owners have been making during the pandemic.
The award will help us secure the firepower we need to fund over 150,000 business, and make £5 billion in finance available to them by 2023.
Sharif Mohamed is head of business development for partnerships at iwoca. Here, he explains what OpenLending is and why we’re so excited about it.
