Barclays announced on Monday it has opened up the Coronavirus Large Business Interruption Loan Scheme (CBILS) to help large corporate banking clients that are impacted by the COVID-19 pandemic. Barclays reported that through the program, which is backed by a UK Government guarantee, it will… Read More
UK-based fintech Flux announced on Wednesday it has joined forces with Pleo, a smart payment card issuer to create an “invisible expensing” experience for businesses in the UK. Flux reported that once the service, which will launch in the summer, goes active, it will send… Read More
Just a few weeks after launching its business accounts, UK challenger bank Monzo announced the launch of “Monzo Business” for web, which gives users the option to manage their business account on their computer or laptop. As previously reported, Monzo stated it spent the past… Read More
Payments platform Stripe announced on Thursday it has officially shut down all its offices and all employees, as well as on-site contractors, are working from home. Prior to this announcement, Stripe announced it closed its San Francisco office, but kept the offices in Amsterdam, Berlin,… Read More
UK challenger bank Monzo announced on Tuesday the launch of its new business banking accounts. The banking group reported that it has spent the past twelve months building the account to make banking “effortless” for small businesses. Monzo’s team explained: “We want our business accounts… Read More
Mastercard announced on Thursday it has formed a global partnership with Samsung in order to enable digital access to consumers and small businesses in emerging markets through its extensible Pay on Demand platform. According to Mastercard, the Pay on Demand platform is designed to accelerate… Read More
Estonia’s e-residency program is a government-backed digital identity initiative that allows individuals and companies to launch a new business in the European nation, even if they do not physically reside there. For example, if you are a German citizen, and are living in Singapore and… Read More
Airwallex, an Australia-based fintech company, announced on Thursday it has teamed up with Visa to launch the Airwallex Borderless Card for business. According to Airwallex, the new card will enable Airwallex account holders to pay suppliers in seconds and “empower” their teams to make corporate… Read More
Padoq, a UK-based enterprise app platform, is now seeking to raise a minimum of £850,000 through its equity crowdfunding campaign on Seedrs. The company is currently offering 14.65% in equity at a £4,952,400 pre-money valuation. Founded in 2017, Padoq describes itself as a community network… Read More
UK-based digital banking platform Starling Bank announced on Monday it has added its first legal services partner, Sparqa Legal, to its business marketplace. According to Starling, the partnership will bring affordable legal services to the marketplace’s 88,000 small business customers. “Starling Business Account holders can… Read More
Billtrust, a fintech firm focused on B2B payment cycle management, announced on Wednesday it has formed a new partnership with Priority Commercial Payments to provide merchants the technology and support to streamline reconciliation of commercial payments captured through the BPN platform. Billtrust reported that through… Read More
HSBC announced on Monday the launch of its new Next Generation Virtual Accounts to help wholesale clients increase their cash management efficiency by consolidating bank accounts and centralizing transactions. HSBC reported that through the accounts clients may consolidate hundreds of bank accounts into a handful… Read More
UK-based business lender Growth Street announced on Tuesday it has surpassed 2,500 investors, while simultaneously launching its Innovative Finance ISA (IFISA). The lending platform reported that by offering a 5.8% annual fixed rate of return, the Growth Street ISA has a one-year fixed term, and… Read More
Marketplace lender P2Binvestor (P2Bi) announced on Thursday it has collaborated with Pacific Mercantile Bank to offer custom-tailored lines of credit to California-based businesses. According to P2Bi, the first such business to benefit from this newly formed fintech and bank relationship was a company with more than… Read More
Payment process platform Square announced on Thursday the launch of its new debit cards for businesses. Square reported that the Square Card is a free business debit card designed to help business owners more effectively manage cash flow by providing immediate access to their balance, which is… Read More
American Express (NYSE:AXP) announced on Thursday the launch of American Express Go, a new digital solution to help mid-sized and large companies efficiently handle business expenses for temporary workers, recruits, and employees without Corporate Cards. According to the financial giant, American Express Go features a Virtual Card… Read More
WorldFirst, a UK-based multi-currency payments platform, announced on Tuesday it launched its World Account for U.S. businesses and online sellers. The solution made its debut after being launched by WorldFirst Co-Founder and CEO Jonathan Quin and Managing Director Jeff Parker while they were on stage… Read More
Bank of America Merrill Lynch announced on Thursday it is launching mobile wallets specifically for business cardholders. The banking group reported that starting this September, mobile wallets will begin to make its commercial clients’ lives easier through faster, more secure and more efficient business purchases… Read More
On Thursday, Revolut announced it was introducing FreeAgent Integration to Revolut for Business. FreeAgent, a UK-based accounting software, is now available to all business customers. Revolut stated that the integration, which is its first ever integration, will allow customers to stay on top of their cash flows, as well… Read More
On Thursday, the Crowdfunding Centre announced it has opened its all-female BizFunding Accelerator. The launch of the program comes after Facebook’s #SheMeansBusiness campaign revealed the main barriers to women starting a business are around raising money and financial security. According to program co-founder/director, Kay Klug, the key… Read More
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