Neobank FIBR Debuts SME Lending in Europe
(19 October 2021 – Europe) Digital bank FIBR has recently launched with a prime purpose of servicing Small and Medium-sized Enterprises (SMEs) throughout Europe.
FIBR’s main standout credentials amongst other competitors banks is the stability of a standard bank, together with the agility and technology of a Financial Technology (FinTech) company.
Headquartered in the Netherlands, FIBR aims to be a specialist provider by only operating in the lending business; targeting specifically SMEs; and offering services only within Europe. FIBR’s latest technology platform allows SMEs to access vital funding required for growth through local lenders.
Seven lenders are already in the process of onboarding and will provide loans to businesses across the Netherlands, Germany, Finland, Spain, Ireland and the United Kingdom (UK). FIBR also lends directly to businesses through secured business loans and working capital loans.
“Thousands of SMEs across Europe have faced intense pressure over the last 20 months and need funding to support their growth. On the flipside, savers want to see their money safe and to support those businesses that are the lifeblood of the community” commented FIBR CEO, Oren Bass
“At FIBR, our mission is to help the European economy recover through enabling the success of SMEs. We are focused on starting with a suite of lending products as that’s where SMEs most acutely feel the pain. Our approach to other banks is uniquely different - we have drawn on our collective experience to build a strong and stable bank with the technology and agility of a FinTech” he also added.
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