Andrew Martin serves as the CEO of SMEB, a pioneering fintech company dedicated to supporting small businesses across the UK.
SMEB, which stands for Small & Medium Enterprise Banking, was founded by British veterans in response to the rapid decline of local banking services, a crisis that has left millions of small businesses and individuals underserved. Recognizing the urgent need for accessible financial services, SMEB has emerged as a vital player in the fintech landscape.
Approved as a Payment Institution by the Financial Conduct Authority (FCA), SMEB is well-positioned to revolutionise the banking experience for SMEs. The company plans to significantly expand its footprint across England this year, deploying its innovative proprietary banking hubs. These hubs aim to fill the void left by traditional banks, providing essential financial services to small businesses, particularly in rural and underserved areas.
Under Martin’s leadership, SMEB is not just a fintech company; it is a mission-driven enterprise committed to restoring and enhancing banking services for the backbone of the UK economy—small and medium-sized enterprises. As SMEB scales up, it continues to leverage cutting-edge technology and customer-centric solutions to meet the evolving needs of the UK’s small business community.
What was the inspiration behind SMEB?
The inspiration behind SMEB stemmed from a culmination of industry experience and a keen observation of market gaps. With over thirty years in the payments industry, I have led G4S into cash centre management, overseeing the transition of cash centres from retail banks and pioneering independent ATM deployment in the UK. This extensive experience has sharpened my ability to identify market changes and opportunities. One of my core beliefs is that the best ideas always come from listening to customers. When customers are at the heart of innovation, the right path is naturally followed.
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