Trends Report

Spanish Banks Need To Improve Digital Services For SMEs

February 12th, 2020

Summary

Small and medium enterprises remain underserved by traditional financial services providers and offer a huge growth opportunity for firms prepared to invest in this area. Many SME owners could benefit from insights and tools to help them manage and grow their business — and banks can deliver them. Digital banking service Nomo offers Spanish sole traders digital tools and services to help them manage their business finances through an app. Spanish startups Anfix, Exaccta, and Holded provide digital services to help SME owners manage their finances and make better business decisions. Digital ecosystems have changed the landscape for small business services.

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