NatWest invests €65m in Dutch fintech Floryn

A Netherlands-based online lending fintech has secured €65m in funding from high street bank NatWest.

Floryn, which provides financing for SMEs, said it will use the new funds to strengthen its position as “the most cost-effective alternative to a bank”.

The fintech provides business loans of up to €3m and says it has provided more than  €650m in financing since it was founded in 2016.

Read more: AltFi