Funding Xchange urges lenders to adapt to support the recovery.

Funding Xchange’s research has shown that the Coronavirus pandemic has fast-tracked the move to digitisation. They introduce the concept of ‘Avengers’ businesses who have re-invented and pivoted their business models to respond to rapidly changing conditions and customer needs.

However, Funding Xchange said that these firms have been largely unable to access government funding, which had instead focused on the weakest businesses in order to stem unemployment and insolvencies.

The original article can be found at P2P Finance news here.