How to boost your small business with fintech solutions

June 6, 2023

Fintech is a fast-growing sector that merges financial services and technology. 

For small businesses, this financial technology includes a range of applications and other solutions, including cloud-based accounting software, payment platforms, lending services, and digital bank accounts.

Advantages of fintech solutions for small firms

Financial technology solutions can help small businesses:

  • Improve efficiency and boost productivity.
  • Collect more financial data and perform better analysis.
  • Offer an improved customer experience with more options for payments.
  • Reduce the risk of fraud and non-compliance.

The best fintech solutions for small firms

Here are some of the best fintech solutions for small businesses.


Xero is one of the best cloud accounting systems, providing a comprehensive suite of financial services for small firms.

Xero includes features like easy invoice generation, real-time cash flow updates, bank reconciliation, and payroll functions. It also supports over 800 third-party integrations, so businesses can adjust the software to suit their needs.


FreeAgent is another cloud accounting system. It is optimised for freelancers, contractors, and other micro businesses.

It offers an easy-to-use desktop and mobile app and plenty of features like invoicing, time tracking, expenses, tax forecasts, and more.


Stripe is a payments fintech solution that makes it easy for businesses to take payments, particularly online payments.

Stripe is one of the most popular payment processing and is an excellent choice for payment security and fraud protection. It works with all sorts of payment types, including debit card payments, credit card payments, mobile payments, and recurring bills.


Like Stripe, Square provides a full package of payment solutions to small businesses in the UK.

While Stripe is closely associated with online payments, Square is better known for its point of sale (POS) solutions in small businesses with brick-and-mortar stores.


Klarna is a leading buy-now-pay-later service. Small businesses can use Klarna to give their customers a different option when it comes to pay.

Rather than paying up front, small business customers can pay in installments, which helps increase customer purchasing power and can lead to more sales for businesses.

Starling Bank

Starling Bank is a digital bank with an account designed specifically for small businesses.

The bank operates totally online and on apps. It has no monthly fees, allows for mobile cheque deposits, and includes tools for managing spending and finance objectives. Starling is a good fit for small businesses looking for a straightforward digital banking solution.


Kickstarter is a funding platform for businesses seeking alternative funding options.

It is one of the best-known crowdfunding platforms, allowing small businesses to raise capital for products or ideas directly from customers. It provides an innovative way to fundraise while building a loyal customer base.

For more information about fintech solutions, including Xero and FreeAgent, speak to a member of the team today. Call: 0808 281 0303.