Twitter CEO Jack Dorsey is in London this week, sharing his vision of how technology can help power the UK’s small business community.
He appeared at the Thinking Big for Small Business event. Jack co-founded Twitter and mobile payments company Square.
The event took place on the first day of London Tech Week and saw Dorsey in conversation with Enterprise Nation CEO Emma Jones MBE.
Dorsey launched a new report from Square into the UK’s microbusinesses — those with fewer than ten employees — which make up 96% of businesses and account for 33% of employment.*
He comments: “We’re here in London to discuss how to bridge the gap between the innovation of financial technology and the millions of small business owners across the UK who stand to benefit. We want to ensure that technology has a positive impact on the success of small business owners and their daily lives.”
The report shows that it is the very smallest of businesses that often find it hardest to access the technology, finances and information they need to run and grow.
Earlier this month Square and Enterprise Nation announced the launch of Clicks and Mortar, an initiative to connect online-only sellers with unused retail spaces, allowing them to sell in-person for the first time.
The first store opened in Manchester last week and will be followed by others across the country throughout 2019.
Emma Jones MBE comments: “Technology plays a huge part in offering small businesses new opportunities to diversify and grow. One recent example is our partnership with Square on the Clicks and Mortar campaign which is opening up shops to enable online sellers to test physical retail and accept in-store payments.
“We’re supporting small businesses to have the ideal blend of online and offline sales to help them thrive amidst changing economic conditions.”