Intelligent SME.tech Issue 43 | Page 6

// LATEST UPDATES //

Start-up launches which specialises in last minute flights
Runtofly , a UK-based travel start-up , announced the launch of its new online platform where travellers can save money when booking flights departing within 24 hours . Runtofly negotiates with airlines the best price for seats which are still empty close to departure , offering spontaneous travellers the chance to fly cheaper when flying at short notice .
Runtofly ’ s main target audience are leisure travellers who don ’ t necessarily know where to go and might even need some inspiration for their travel destination : students , backpackers , the ever-increasing crowd of those working remotely from anywhere and anyone who has a flexible lifestyle .
Unlike other online travel agencies which allow people to search for any flight from everywhere to anywhere and anytime , Runtofly doesn ’ t have a search functionality . Without the need to type in the destination and dates they want to fly , Runtofly users can simply choose among the best available flights to a varied selection of worldwide destinations displayed on a virtual airport departure board .
Cashplus Bank to become Zempler Bank
Cashplus Bank , a UK challenger bank , will rebrand as Zempler Bank in the coming months . The new name represents the company ’ s commitment to making money simpler through its range of digital banking products for microbusinesses and consumers and to providing exemplary levels of service .
The change in name also reflects the company ’ s evolution to become an authorised UK bank with a strong focus on serving microbusinesses and start-ups – a population of over 5 million businesses , that the company says remains poorly served by traditional UK banks .
Over the past five years , Cashplus has delivered a range of products and features tailored to the needs of those businesses , including a new microbusiness current account that includes automated payment tracking and spend categorisation and market leading cashback , Business Creditbuilder , a unique tool to help new businesses improve their credit score , and a business credit card with a range of innovative payment features .
UK SMBs growth held back by lack of access to technology
Almost two-thirds ( 63 %) of small- and medium-sized businesses ( SMBs ) think a lack of technology investment restricts the wider growth of UK business as a whole , according to new data from UK technology company , ANS .
With many SMBs currently under pressure amid a technical recession and global socioeconomic factors , their struggles are only compounded by the many barriers blocking their access to the best tech .
Merely 12 % of SMBs currently have access to the best tech , and 43 % reported that not having access to the best technology is limiting their business growth .
Almost a quarter ( 24 %) of the SMBs surveyed reported not having the right technology to meet business goals as a concern , while 30 % cited being left behind by competitors . As big corporate competitors continue to make great strides technologically , SMBs must catch up quickly to ensure this gulf doesn ’ t widen .
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