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AltFi asks whether FinTechs have been “left behind”:
“While the big banks have access to almost limitless cheap funding through the Bank’s term funding scheme at near 0.1 per cent interest, the majority of FinTechs use the capital markets.
“While many lenders have prioritised existing customers and even blocked new customers from applying for loans backed by the government’s Coronavirus Business Interruption Loan Scheme (CBILS), alternative lender ThinCats has opened its doors.
The FinTech Time reports: