The second highest growth region, relating to a rise in funding, is the Northeast, with a 62% rise in SMEs sourcing fast and flexible finance.
Completing the top five growth regions are Wales and the Southwest tied on a 53% increase in SMEs opting for revenue-based finance, with the West Midlands coming in fifth place with 51%.
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In comparison, the uplift in SME funding across London and the Southeast is at 40% over the past 12 months.
Andrew Raphaely, managing director at 365 finance, said: “Our latest regional data shows a significant increase in the number of SMEs in Scotland and the Northeast opting for funding from us.
“This really demonstrates our reach in terms of business customers across the UK; despite us being a London-based fintech we have partnerships and customer relationship teams throughout the country.
“SMEs in general now have a much greater awareness of what revenue-based finance is, and what all of the benefits are, including the fact that it’s only paid back when customers pay them.
“Flexible finance, and more importantly, responsible lending is ultimately what we stand for.”
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