Small & Medium Enterprise Business [“SMEB”], is a payments and financial technology company dedicated to working with small businesses. We are regulated by the FCA as a Payment Institution and deploy payment services which conveniently support businesses as they develop and grow, no matter where they are and how they work with their customers.

SMEB was founded by British payment veterans to respond to the rapid reduction in local banking services that has left unserviced areas across the UK. SMEB’s mission is to give small businesses the tools they need to develop and grow their business, whether that be through our digital payment options, or cash products

More than 5,000 bank branches have closed in the past five years, with 400 further closures expected in 2024. SMEB is developing a physical high street presence, coupled with technology solutions, that provide cost effective and widespread banking to Britain’s 5.5 million SMEs. Our main focus is on SMEs, particularly those in rural communities who have been left behind through branch closures.

The FCA (Financial Conduct Authority) has approved SMEB as an Approved Payment Institution that can accept cash deposits from UK SMEs.  The company is a principal member with VISA and Mastercard through their licensing programming, which allows it to directly process and accept payments from customers using Visa and Mastercard debit and credit cards which account for 99% of debit and credit card payments in the UK.

SMEB has also built connectivity to the UK Open Banking environment and has connection to 3,500 EU Banks for Open Banking services, allowing us to offer a full range of bank payments (including cash).

SMEB is approved by the FCA under licence 984694.