BankingFinTech

Contis: Bids for £35 million from RBS bail out fund

  • Contis, has applied for two grants from the RBS & BCR Alternative Remedies Package, totalling £35 million
  • Unlike most applicants who will deploy funds through a single brand, Contis is taking a completely different approach
  • The funding used to drive fintech innovation in the UK by developing an off the shelf, B2B electronic and card payment technology platform for SMEs
  • With Contis’ powerful tech stack and regulated status, this will empower hundreds of fintechs to support the SME market
  • UK businesses are facing a challenging economic environment with the impacts of Covid-19 and Brexit
  • Contis’ approach is completely disruptive, offering three channels to maximise support for SMEs and sole traders
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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