The deal will enable it to deliver an end-to-end small business lending process, and allow for SMEs to apply for business finance online.
Metro Bank has partnered with lending as a service provider, ezbob.
According to the bank, the deal will enable it to deliver an end-to-end small business lending process, and allow for SMEs to apply for business finance online.
Customers will go from application through toID&V, documentation, offer and acceptance in minutes, Metro Bank adds.
Paul Riseborough, chief commercial officer at Metro Bank, said:“We know quick, reliable access to finance is crucial for small businesses to seize opportunities to grow.
“By teaming up with ezbob, we’ll be able to help our customers secure the finance they need in a matter of minutes, giving them the edge in today’s competitive market.”
Tomer Guriel, founder and chief executive at ezbob, added: “We are very proud to be able to provide Metro Bank, one of the UK’s most forward-thinking banks, with an automated SME lending solution that will cover the entire lending journey, including all aspects of compliance, risk and decision making.
“We see this as a long-term partnership and look forward to working with Metro Bank to ultimately deliver an outstanding, multi-product experience to their customers using ezbob’s market-leading solution.”
