Tagged: small business

April 1, 2021 @ 9:49 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, recently revealed that it’s pleased to confirm that its users “trust” the platform. Debitum also announced on March 29, 2021, that they’ve crossed the 4 million euros mark in their portfolio. The platform’s management acknowledged that “without… Read More

March 23, 2021 @ 10:37 pm By Omar Faridi  |  

The team at Fundbox, an AI-driven credit platform for B2B commerce, recently published a blog post that looks into the possibility of getting a business loan without providing collateral. Fundbox’s blog post notes that when we are planning to expand our business, many of us… Read More

March 19, 2021 @ 10:05 pm By Samantha Hurst  |  

  Coterie, a U.S.-based commercial insurtech, announced on Thursday it has teamed up with IBQ, an insurtech that specializes in personal and commercial lines comparative rating, for small business insurance. Coterie reported that the partnership combines its tech-based approach to insurance offerings with IBQ’s technology… Read More

March 12, 2021 @ 7:38 am By Samantha Hurst  |  

  Plaid announced on Thursday it has joined forces with Codat, a UK-based technology company that connects the internal systems of small businesses to banks, fintechs, and other financial institutions, to improve small business lending in the UK. Plaid revealed that through the partnership, it… Read More

February 23, 2021 @ 10:56 pm By Omar Faridi  |  

Lithuania-based Debitum, which offers borderless small business financing, notes that December 2020 was the month that “concluded a great year” for the platform. During 2020, Debitum managed to reach several key milestones: more than 3 million EUR outstanding portfolio, more than 20 million EUR of… Read More

February 16, 2021 @ 8:20 am By Omar Faridi  |  

iwoca, an established European small business lender, has announced its UK-first integration with leading SME platform Xero. Integrating iwocaPay – iwoca’s invoice checkout – into Xero’s platform, will “for the first time provide small businesses with a Pay Later option for their business customers,” according… Read More

January 29, 2021 @ 11:58 am By Samantha Hurst  |  

  FLEETCOR Technologies, Inc. (NYSE: FLT), a global business payments company, announced on Thursday it has acquired Roger, a global accounts payable (AP) cloud software platform for small businesses. FLEETCOR reported that the acquisition will extend its portfolio of accounts payable automation solutions to small… Read More

January 12, 2021 @ 2:59 pm By Samantha Hurst  |  

  Biz2Credit announced on Tuesday its latest Small Business Lending Index reported small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.2% in November to 13.1% in December, an indication that the challenges for small business owners in need of… Read More

January 2, 2021 @ 1:11 am By Omar Faridi  |  

The Lithuania-based Debitum platform, which offers borderless small business financing, was closed on December 31, 2020, for maintenance. Debitum’s management noted that as we enter the new year, Debitum also has “something new.” Debitum added that they had already informed their investors and business partners… Read More

November 9, 2020 @ 10:51 am By Samantha Hurst  |  

Sweep, a UK-based expense and travel management for SMEs, is now seeking £125,000 through its newly launched equity crowdfunding campaign on Seedrs. The launch of the funding round comes just after Sweep received a £456,000 Innovate UK funding grant. Founded in 2017, Sweep states it… Read More

October 23, 2020 @ 2:04 pm By Samantha Hurst  |  

BizCapital, a Brazil-based SME online lending platform, announced on Friday it secured an additional $3 million through its Series B, bringing the investment round’s total amount to $15 million. The new funds come from Netherlands-based social impact investor Oikocredit. As previously reported, BizCapital provides online… Read More

October 22, 2020 @ 9:27 am By Samantha Hurst  |  

Next Insurance, an insurtech seeking to transform small business insurance, announced on Thursday it has integrated with Intuit Inc. (Nasdaq: INTU). Next reported that the integration will enable QuickBooks users to seamlessly obtain a customized quote and easily purchase General Liability, Professional Liability and Workers’ Compensation coverage through the insurtech platform. “Not only… Read More

October 21, 2020 @ 2:56 pm By Samantha Hurst  |  

Global payments provider Paysafe announced on Wednesday its latest research reveals four-fifths (80%) of North American in-store small and medium-sized businesses (SMBs) that have diversified online or enhanced their card-present payment offerings during the COVID-19 pandemic have seen a positive impact. Paysafe stated the research… Read More

October 13, 2020 @ 10:25 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Monday that its annual Biz2Credit Latino-Owned Business Study for 2020 revealed that prior to the COVID-19 pandemic revenue growth of Latino-owned companies was up 10% over last year, but like most other businesses in America, their fortunes have… Read More

October 6, 2020 @ 10:23 am By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index has been released and revealed small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.6% in August to 13.5% in September, indicative of the struggles… Read More

September 22, 2020 @ 11:49 pm By Omar Faridi  |  

JustUs, a UK-based peer to peer (P2P) lender, has reportedly started taking applications for the Small Business Interruption Loan Service (SBILS) in order to offer funding for companies that might not have been able to acquire financial assistance via the Coronavirus Business Interruption Loan Scheme… Read More

September 22, 2020 @ 8:03 am By Omar Faridi  |  

MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, has cautioned that many UK-based SMEs could soon run out of cash. This, as the government-backed funding schemes are scheduled to end soon. The Coronavirus Business Interruption Loan Scheme (CBILS) will end on September… Read More

August 17, 2020 @ 11:41 am By Samantha Hurst  |  

Plastiq, a U.S.-based intelligent payments solution for small business, announced on Friday it has launched on Visa’s Small Business Hub. According to Plastiq, the Visa Small Business Hub helps the small business community to create and strengthen customer relationships through claimed safe, digitally-enabled practices. “The… Read More

June 17, 2020 @ 3:11 pm By Samantha Hurst  |  

BizCapital, a Brazil-based SME online lending platform, announced on Wednesday it secured $12 million through its Series B funding round, which was led by German development finance institution DEG, a subsidiary of  KfW Group, Germany’s promotional bank. Along with DEG, MELI Fund, the Corporate Venture Capital… Read More

June 9, 2020 @ 12:35 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday the release of its latest Small Business Lending Index, which revealed that the approval percentage for small business loan applications at big banks ($10 billion+ in assets) rebounded from just 8.9% in April to 11.5% in May…. Read More