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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.
We're bringing instant funding quotes to small businesses through our partnership with Capitalise. The aim is for small businesses to no longer be forced to compromise on decision making due to speed.
As our new COO, Seema Desai is bringing 18 years of financial and tech experiences into her role at iwoca, helping develop smarter processes for customers and colleagues, encouraging diversity, and enjoying a few mountains on the way.
Our customers often tell us they find it tough to take a holiday, so we launched a survey to find out how often business owners actually manage to get away.
We're venturing to a new city and opening an office in Leeds to better serve our diverse customer base – 79% of which are outside of London.
As we celebrate the end of the year, we're really pleased to connect to Barclays and HSBC through Open Banking. We now offer three Open Banking connections, including Lloyds Bank, so more than 60 percent of our customers can open up to Open Banking.
