Binq was launched in August 2025 by Jamie Stewart, an entrepreneur and former business owner. Having been through the process of starting and growing an enterprise, Jamie knew that running a small business is full of decisions you have to make fast, often without the time or headspace to dig through options properly. That's why he wanted to leverage AI and create the tool that would have helped him.

Since launch, the response has been better than we could have hoped. It’s been a busy few months, to say the least! Here's a quick round-up of what’s happened so far, plus what’s coming next.

A few numbers we're proud of

In our first few months:

• 4,750 members have used Binq AI
• We’ve seen £669,133,991 in funding enquiries
• The fastest funding time we’ve seen is 6 minutes, using the Iwoca API
• People have asked over 7,500 questions
• Members have saved an estimated £4,000,000 through energy comparisons

Those numbers matter because they show something simple: small business owners want clear decisions, fast. And they want to make good choices without spending their evenings buried in paperwork.

What people have been asking us

One of the best parts of building Binq as an AI business partner has been seeing the kinds of questions people ask. They give us a real insight into what matters to business owners who are trying to take care of their finances. 

Over 7,500 questions have come in, and they're in a few broad categories. 

Cash flow and financial health
People want quick wins when things feel tight. They ask how to improve cash flow fast, how to tell if a business is actually profitable, and how much cash is sensible to keep aside.

Budgeting and planning
This is where the “I just want a simple plan” energy really shows up. We’ve had people asking for help building a basic budget for the next quarter, and working out whether their prices cover their real costs.

Funding and capital
This is a big one. We see questions like how to know if you’re ready for a business loan, what the difference is between a line of credit and a term loan, and what lenders tend to look for in an application.

Tax and compliance
Not glamorous, but important. People ask what they can write off, and whether it makes more sense to pay themselves a salary or take owner’s draws.

Growth and decision-making
This is where the emotion is. Questions like “Can I afford to hire my first employee?” or “Should I invest in equipment now or wait?” come up again and again.

It’s a good reminder that most small business decisions are not about ambition. They’re about timing, cash and confidence. And that's where having Binq on your side can really help.

What we've learned so far

A few themes have been loud and clear. People want:

1. Clarity. Not jargon. Not ten browser tabs. Just a straight answer and a clear next step.

2. Speed (but not guesswork). When you’re busy, you need a decision you can stand behind.

3. Support that feels human. Not judgement. Not hype. Just useful help when it matters.

Why 2026 will be even better

We’re proud of our first few months, but we’re even more excited about what comes next.

In 2026, we’ll keep improving how Binq helps people get finance, compare options, ask better questions, and move faster with more confidence. We’ll expand partnerships and features, and we’ll keep focusing on the same thing we started with: Making business finance decisions clear and simple.

If you’ve joined us already, thank you for helping us shape Binq.

If you haven’t yet, 2026 could be a great time to see how we can help you.