<ul data-eligibleForWebStory="false"><li>British FinTech company Propel Finance has secured $2 billion in a new funding round to provide asset financing for UK small and medium-sized enterprises (SMEs).</li><li>The funding will enable thousands of businesses to access finance for essential equipment and vehicles, fueling productivity and growth.</li><li>Small businesses, especially micro-businesses, face challenges in securing funding due to difficulties in data verification, leading to high rejection rates.</li><li>In the U.S. and the U.K., many small enterprises struggle to survive long-term, with reasons such as cash flow issues, flawed business models, and market misjudgment contributing to their closure.</li></ul>

Propel Finance Raises $2 Billion to Fund UK Small Businesses

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