Although our offering has evolved, our mission has always stayed the same - to fundamentally change how small businesses access financial services and products.

Last Saturday (31st of October) marked the final day of Black History Month 2020.

tomato pay (formerly Fractal) CEO and co-founder Nicholas Heller will be presenting the current state of small businesses and sole traders and how fintechs can help them during the covid-19 crisis at 11.20am on Friday 23rd October 2020.

tomato pay (formerly Fractal) CEO and co-founder Nicholas Heller will be giving his thoughts on how SMEs have been impacted by the pandemic, how women-owned businesses in particular have been impacted by the crisis, tomato pay's concerns around SME financing, what gives us hope about SME financing over the next decade, and our experiences with the SME Finance Forum.

2020 has not been easy on graduates. Covid-19 has left students, including myself, finishing degrees in an environment where jobs are sparse, companies are struggling and the economy is crumbling.

We are so excited to join this year's virtual TNW flagship event on the 1st and 2nd of October 2020 Make sure to tune in at 10am (BST) to watch our CEO and co-founder Nicholas Heller speak about tomato pay (formerly Fractal) experiences working with the Department for International Trade (DIT) alongside Myrthe van der Erve, COO of TNW and Lucy Ferguson, Deputy Ambassador, UK Embassy The Hague.

tomato pay (formerly Fractal), together with untied are delighted to announce that its SMART (SMEs Manage Accounts Receivables and Tax) solution has won its £2.5 million Pool E bid for the Banking Competition Remedies (BCR) Capability and Innovation fund, designed to improve the financial products and services available to small businesses. tomato pay and untied will use the BCR bid winnings to save 50,000 businesses a year.

18th August 2020 tomato pay (formerly Fractal), together with untied are delighted to announce that its SMART (SMEs Manage Accounts Receivables and Tax) solution has won its £2.5 million Pool E bid for the Banking Competition Remedies (BCR) Capability and Innovation fund, designed to improve the financial products and services available to small businesses. Fractal and untied will use the BCR bid winnings to save 50,000 businesses a year.

The several-month-lockdown has caused the economy to suffer the worst contraction in 41 years due (the economy dropped by 20.4% in April) due to a lack of consumer confidence in spending.

We are thrilled to have put in a bid for the Banking Competition Remedies (BCR) Capability and Innovation fund, designed to improve the financial products and services available to small businesses alongside untied, the UK’s personal tax app. Together we are partnering to create SMART (SMEs Manage Accounts Receivables and Tax) to help sole traders, who makeup 60% of UK small-medium-sized-enterprises (SMEs) and are key drivers to the UK economy. We believe that we can save 50,000 businesses a year, as well as decrease the average outstanding debt to SMEs by 29%, saving the economy £1 billion per year.

At tomato pay we unequivocally stand by those making a change for the better to give Black individuals rights most people take for granted; to lead a life without fear, without discrimination and equal opportunities to succeed and flourish.

UK Chancellor Rishi Sunak has had his work cut out for him over the past few months. Since his last statement in the Spring budget, he was forced to make revisions to the amount of money the government were willing to give out to help small businesses, and to those who were unable to work throughout the lockdown.

The pandemic has made one thing clear: in the end, we can only survive with the support and help of each other.

We're so thrilled to be partnering with untied, a personal tax app, to create SMART (SMEs Manage Accounts Receivables and Tax) as part of our bid for the £2.5million, and £5million pots in the BCR Capability and Innovation Fund.

Six months ago the first Covid-19 case was registered in the Hubei province in China.