Funding Xchange strikes small business lending deal with ezbob

Funding Xchange has struck a deal with ezbob to give small firms wider access to the best loan terms available to them. The Open Banking deal allows small business platform Funding Xchange to integrate its service with ezbob’s cutting-edge technology and existing lenders such as Royal Bank of Scotland and Clydesdale. The London-based platform, formed in 2014, said the agreement will expand the lenders on its service competing to sell loans to small firms. It added small businesses who come to its platform through its partners, comparison site Money Supermarket and accounting software group Sage, can also use the new service. London-based lending-as-a-service firm ezbob said small firms will be able to compare loan terms with a variety of lenders, only sharing full data with the provider it eventually chooses.