A Revolut Business study highlights SMBs’ strong loyalty to their current banks, despite low branch usage — this opens an opportunity for neobanks.
“Revolut Business published a study showing that 63% of small- and medium-sized businesses (SMBs) in the UK, Poland, and France have been using their current banks for five years or more, and that nearly one-quarter of SMBs haven’t switched providers since 2008.”
“But less than half of SMBs said they are looking to change account providers in the next 12 months”