Metro Bank engages with Ezbob for small business lending platfrom

Metro bank has contracted with Ezbob to deliver a digital lending proposition for small business customers. The new service will take customers from application through ID&V, documentation, offer and acceptance in a matter of minutes; ultimately enabling funding to be released on the same day. Metro Bank last year was awarded £120 million from the RBS bail-out fund to inject more competition in the SME banking market. The challenger has since scaled back its plans for expansion into business banking, and last month payed back £50 million of the initial award after rowing back on plans to open 30 new stores in the North of England. It is set to introduce its new business banking service in mid-2020