Equals has partnered with iwoca to cater for the SME market.
Equals offers a travel card and international payment solutions.
It currently has about a million users.
With iwoca, it has now launched its first SME loan product which customers can apply for through the Equals app.
What does this mean?
Equals hopes to diversify its offering and this new product is a step in the right direction. The SME loan space has traditionally been underserved by big lenders, so today many challenger banks are introducing new products to cater for this market.