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
Previous article
Tinkoff: Launched the Cashback for Good social service
Next article
Cloud9: Partnered with comitFS
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.

You May Also Like

FinTech

Fed Accelerates FedNow Development for Cross-Border Payments

New consultations aim to enhance international transaction efficiency.Highlights: Federal Reserve seeks input on cross-border payment improvements.FedNow aims to...
FinTech

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...
FinTech

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...
FinTech

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...