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Commercial Credit News
|Fintech pioneer Advanced Payment Solutions succeeds in challenging high street banks|
|Tuesday, 11 August 2015|
Today Advanced Payment Solutions (APS), an established UK fintech banking services provider, reports a 78% revenue increase in its SME business in the past year, as sole-traders and microbusinesses look beyond traditional banks for their financial solutions. This was complemented by a threefold increase in its rapidly growing credit portfolio.
The company has experienced a 40% rise in acquisition of new small business clients, which has allowed it to on-board and service more than 50,000 SMEs to date via its proprietary digital platform. Meanwhile, APS has more than doubled SME related payment volume in the past year to over £500 million driven by its convenient banking and cash management solutions.
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