In today’s fast-paced business world, it’s important for small businesses and SMEs to stay ahead of the curve when it comes to managing their finances. With the rise of digital banking platforms, traditional banking methods are becoming a thing of the past. These digital platforms offer a range of benefits, from convenience and efficiency to cost savings and enhanced security. If you’re considering making the switch to a digital banking platform, we’ve got you covered. In this article, we’ll be highlighting 12 of the best digital banking platforms for small businesses in the UK.
1. Revolut
Revolut is a popular digital banking platform that offers a range of services for small businesses, including multi-currency accounts, expense management, and team access. With Revolut, you can easily manage your finances on-the-go through their user-friendly app.
2. Starling Bank
Starling Bank is another top choice for small businesses, offering a range of features such as real-time notifications, budgeting tools, and the ability to integrate with accounting software. They also offer competitive interest rates on their business accounts.
3. Tide
Tide is a digital banking platform specifically designed for small businesses, offering features such as invoicing, expense management, and team access. They also have a handy feature that allows you to categorize your transactions for easy bookkeeping.
4. Monzo
Monzo is a popular choice for small businesses due to its user-friendly app and budgeting tools. They also offer a range of integrations with accounting software, making it easier to manage your finances.
5. Coconut
Coconut is a digital banking platform specifically designed for freelancers and self-employed individuals. They offer features such as tax management, invoicing, and expense tracking, making it easier for small businesses to manage their finances.
6. Countingup
Countingup is a digital banking platform that combines banking and accounting services in one place. With Countingup, you can easily manage your finances and track your expenses, all within their user-friendly app.
7. Cashplus
Cashplus is a digital banking platform that offers a range of services for small businesses, including expense management, team access, and the ability to set up direct debits and standing orders. They also offer a cashback program for business purchases.
8. Anna Money
Anna Money is a digital banking platform that offers a range of features for small businesses, including invoicing, expense management, and team access. They also offer a virtual assistant to help you manage your finances.
9. Coconut
Coconut is a digital banking platform specifically designed for freelancers and self-employed individuals. They offer features such as tax management, invoicing, and expense tracking, making it easier for small businesses to manage their finances.
10. Countingup
Countingup is a digital banking platform that combines banking and accounting services in one place. With Countingup, you can easily manage your finances and track your expenses, all within their user-friendly app.
11. Cashplus
Cashplus is a digital banking platform that offers a range of services for small businesses, including expense management, team access, and the ability to set up direct debits and standing orders. They also offer a cashback program for business purchases.
12. Anna Money
Anna Money is a digital banking platform that offers a range of features for small businesses, including invoicing, expense management, and team access. They also offer a virtual assistant to help you manage your finances.
In conclusion, digital banking platforms offer a range of benefits for small businesses, from convenience and efficiency to cost savings and enhanced security. With the options listed above, you can find the perfect digital banking platform to suit your business needs. So why wait? Make the switch to a digital banking platform today and take your small business to the next level.