The UK Government has put a charter in place to aid SMEs in getting paid by big businesses and government agencies. However, there is a lack of support for SME to SME or business to consumer debt. The Government stimulus has given a distorted view of business performance since the start of the pandemic.

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Let’s start with a brief definition The Dunning-Kruger effect is the phenomenon whereby people with little knowledge tend to overestimate their abilities, precisely because they ignore how much knowledge is necessary to master them.

Part 1: It’s time for change When my electrician comes to my house to install a new light fitting, he writes the job spec on a notepad by hand, he writes it up on a computer at night, after doing the day job, and emails me a quote. We agree with the quote and schedule the work when communicating via email and whatsapp. Then he sends me an invoice, written up on MS Word, after the job is completed, via email, when he has time to get round to it. Using his sort-code and account number included within the word doc, I manually set up a beneficiary with my bank online, or on app, and approve the payment.

SMEs and the funding gap. One of the biggest problems facing SMEs today is the lack of consistent and contextualised funding options for small businesses. Many SMEs and sole traders find themselves grinding to a complete stop in their development due to cash flow and funding issues.

We are proud to announce tomato pay's partnership with APImetrics, a leading provider of monitoring for hard-to-monitor production APIs in regulated sectors like finance, with clients at major banks, telcos, and IT companies, to launch the first independent production monitoring dashboard for Open Banking APIs.

Coinciding with our launch, we're pleased to see the traction tomato pay is receiving in the market and in the press.

We've launched! Our payments app is now live on the App Store and Google Play. Plus we were featured in the national and trade press (which you can see here) on the topic of tomato pay, how we're helping communities and why QR codes is the new face of alternative payments.

‘Cash is king’ is a well-known adage; looking at this statement, quite literally, it may be safe to say that this is not the case anymore.

This op-ed originally featured in Global Banking and Finance Review.

We were thrilled to be featured in Metro newspaper last week thanks to a great write-up by Rosie Murray-West.

We were thrilled to take part in such a well-thought out piece on marketplaces, and a fintech's place in such an exciting, dynamic ecosystem.

Supporting the ever-changing SME landscape requires willingness to change too.

Our very own Anna Tsyupko spoke to Authority Magazine's Parveen Panwar on five things she wish someone had told her before becoming a c-suite executive.

On Wednesday 7th April, the tomato pay team had a great time hosting an event alongside our charity for the event, We Create Space on the meaning of self-care as an entrepreneur and business owner.