Stable, a new fintech startup has launched in the United Kingdom to help small and medium-sized enterprises (SMEs) access essential financial services. Founded by former Equals Group executives Tom Kiddle and Steve Paul, the company seeks to streamline the fragmented fintech landscape by bringing multiple tools into a single platform.
Dom Hutson joins the team as Chief Technology Officer.
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Fintech partnerships to support SMEs
At launch, Stable has formed partnerships with Finesta, Equals Money, Spark Finance, Stored, and Navro. These partners provide services including in-store and offline payment collections, multi-currency IBANs, and digital payment solutions. A request-to-pay feature is currently in development.
On the financing side, Stable offers business loans, invoice finance, and merchant cash advances. These are powered by Spark’s AI-driven credit brokerage engine.
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Focus on access and growth
“UK SMEs are still woefully underserved across core financial products which is hindering their growth,” said Kiddle. “We created Stable to bring together the best tech under one roof.”
Stable enters the market at a time when SMEs continue to face challenges accessing fast and flexible finance, and aims to address these needs through collaboration with existing providers.
