Tagged: small businesses

NAB Ventures Leads $6M Investment in Fintech Platform Thriday

Thriday, the “all-in-one” financial management platform, takes another leap on its mission to become the fastest way for SMEs “to manage their banking, accounting, and tax with a circa $6 million pre-Series A round led by NAB Ventures and significant participation from existing investor Lempriere… Read More

Funding Circle, Bayview Asset Management Announce Lending Partnership

Funding Circle (LSE: FCH), which claims to be the UK’s largest small business lending platform, and Bayview Asset Management, an investment management firm headquartered in Coral Gables, Florida, announced a lending partnership that is “targeting the provision of £700m funding to small businesses over an 18… Read More

BIS, HKMA to Consider Using DeFi Tools to Enhance SME Financing

The BIS Innovation Hub’s Hong Kong Centre and the Hong Kong Monetary Authority have introduced Project Dynamo, which aims “to deliver a prototype for the compliant use of decentralized finance (DeFi) tools, such as blockchain and smart contracts, to improve access to finance for unfunded… Read More

Codat, nCino to Help Banks Underwrite Small Business Loans

Codat, the universal API for small business data, announced a partnership with nCino (NASDAQ: NCNO), the worldwide specialist in cloud banking, “to automate and accelerate banks’ ability to underwrite small business loans around the world.” nCino’s solution significantly “reduces the time it takes banks to… Read More

Startup NachoNacho Helps SMBs Save on SaaS Spend

Nachonacho, an “exclusive” B2B SaaS Marketplace and spend management solution used by “thousands” of SMBs, recently announced a newly rebranded SaaS marketplace “featuring top SaaS products at up to 30% discounts (lifetime).” NachoNacho’s goal is “to harmonize the subscription economy by reducing friction and waste… Read More

Fintech Ramp Introduces Network for SMB Lending

Fintech Ramp, the spend management and corporate card provider, has launched a lending partner network “to help customers find better long-term financing options.” As mentioned in an update shared with CI, partners “include Stifel, Capchase, Live Oak Bank, SmartBiz Loans, Lighter Capital and Founderpath.” This… Read More

Allica Bank Aims for £500M of Committed Loan Offers between Sept and Year-End

Allica Bank – the bank built specifically to serve the needs of “established” SMEs – is aiming to make £500 million in committed loan offers “between September and the end of the year, as it continues to ramp up its support for UK SMEs facing… Read More

Funding Circle Reports £1.5M in Operating Profit

Funding Circle, which claims to be the United Kingdom’s largest small business loan platform, has announced its results for the six months “ended 30 June 2022.” As noted in an update shared with CI, Funding Circle delivered “a financial performance ahead of expectations, finishing the… Read More

Emirates Development Bank to Approve New Loans to SMEs, Startups

Emirates Development Bank (EDB), the financial “engine” of the UAE’s economic diversification and industrial transformation agenda, has announced a lending feature that allows SMEs and startups “to apply for loans of up to AED5 million directly through its Digital Banking App and receive approval or… Read More

Indonesia: New Digital Banking Service Launched by Bukalapak, Standard Chartered

Indonesia’s “first” public-listed technology company, Bukalapak, and Standard Chartered officially launched BukaTabungan, a digital banking service that “leverages the reach of Bukalapak’s all-commerce platform and the technology of nexus, a Banking-as-a-Service (BaaS) solution powered by Standard Chartered.” This follows from an earlier announcement on their… Read More

Fintech Airwallex Reports that Aussie Businesses Are Charging Ahead with Global Expansion

Australian businesses have “ambitious” plans for international expansion, as new data from global fintech Airwallex reveals more than two thirds of small-to-medium Aussie businesses (69 per cent) plan “to be operating outside Australia by 2027.” Airwallex’s inaugural Australian Business Growth Index found “a third of… Read More

Detroit’s Autobooks Reports Steady Growth, Announces Move to New Headquarters

Autobooks, the Detroit-based small business payment and accounting services platform that’s reportedly used by over 1,000 financial institutions, recently announced that it has been named to Inc. magazine’s Inc. 5000 list for 2022 — landing at No. 258 overall, and #2 in Michigan. The Inc…. Read More

UK’s Assetz Capital Secures £297,697 via Seedrs

Assetz Capital, the billion pound+ business lender – funding 1 in 12 new homes by SME House Builders, has raised 119% (£297,697) of its £250,003 target from 240 investor via Seedrs with 21 days left in the firm’s crowdfunding campaign (at the time of writing)…. Read More

Martin Hegelund: Co-Founder at Ageras Group Explains How their “Financial Cockpit” Helps SMBs with Financial Needs

Ageras Group, based in Denmark, recently raised €35 million from CIBC Innovation Banking, according to a corporate statement. Ageras, launched in 2012, has broadened its services over time and now provides a “financial cockpit” for small businesses, including banking accounting, invoicing, payroll, and more. CIBC… Read More

Capital on Tap Announces £200M Funding Facility to Support UK SMBs

Capital on Tap has secured a £200m funding facility with JP Morgan and Triple Point “to support UK small businesses.” The funding will help small businesses “access credit at a time when the UK is anticipating a recession and facing historic inflation rates.” Launched in… Read More

Muse Finance Acquires $20M Debt Facility to Support Small Businesses

Muse Finance, a finance provider for small, medium and growing businesses, announced that it has closed a $20 million debt facility “to support the growth of small businesses.” The additional funds mean that Muse now “has access to over $96,000,000 USD (or £73,890,000 GBP), having… Read More

Insurtech: Pie Insurance Makes Senior Management Appointments to Help Expand Operations

Pie Insurance, an Insurtech company specializing in workers’ comp insurance for small businesses, recently appointed two executives to its leadership team. Ekta Aggarwal joins the company “as chief product officer” and Erin Mesick joins “as vice president of finance.” Both Aggarwal and Mesick will “leverage… Read More

Fundbox Releases US Small Business Trends Survey 2022

The early stages of the COVID-19 pandemic were a “hive of activity” for small businesses, with a striking 53% jump in applications to start new companies, according to an update from Fundbox. Now macro economic factors, from inflation to staffing shortages, “are posing significant challenges… Read More

Embedded Banking Fintech BankiFi Finalizes $4.8M Investment for North American Expansion Efforts

BankiFi, a provider of embedded banking solutions for small and medium businesses (SMB), has secured $4.8 million “for global expansion into North America.” This strategic growth investment “gives BankiFi the capital to provide its industry-leading embedded banking platform to more than two million SMBs across… Read More

BT, Barclaycard Payments to Offer Exclusive Benefits for UK Micro-Businesses

BT has announced Barclaycard Payments as the latest business “to join its new partnership network, aimed at helping the UK’s smallest firms to grow.” Barclaycard has signed up to BT’s partnership network, “following The Federation of Small Businesses (FSB), with the aim of delivering a… Read More

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