Citi launches digital platform for SME lending 

Citi is launching a digital platform to connect small and medium sized businesses with local lenders. 

In Brief:

The platform is called Bridge built by Citi and is being rolled out in the US. 

It connects SMEs looking for loans of up to $10mn. 

Lenders include regional, local and community banks. 

What does this mean?

Citi is now expanding its digital offering to support SMEs by offering them an easier experience, but at present the scheme is being piloted with 18 banks in the US. 

Read more here.