Tagged: small businesses

April 1, 2020 @ 2:40 pm By Samantha Hurst  |  

Online lending platform Lendio announced on Tuesday it is planning to hire up to 200 full-time small business loan agents to help meet the demand for emergency capital during the COVID-19. Lendio reported that with the recent passing of the CARES Act and the inclusions… Read More

April 1, 2020 @ 2:18 pm By Samantha Hurst  |  

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

March 31, 2020 @ 10:23 pm By Omar Faridi  |  

NYMBUS is planning to help US-based financial institutions with effectively responding to the economic instability resulting from the Coronavirus (COVID-19) outbreak. NYMBUS is a core banking modernization firm. It helps financial service providers with their digital transformation strategies. The company is offering a new program… Read More

March 31, 2020 @ 12:49 pm By Samantha Hurst  |  

FundedByMe, a multi-national investment crowdfunding platform, recently announced it is re-launching its donation-based crowdfunding services in order to help small businesses during the coronavirus (COVID-19) pandemic. The platform reported that in the suites of the financial crisis following the Coronavirus, many people, as well as… Read More

March 30, 2020 @ 10:38 pm By Omar Faridi  |  

Fintech credit provider 4G Capital, a firm that supports individuals and companies across Africa, has introduced operational and services updates for its business operations across Kenya and Uganda. The company has also shared how it is dealing with the deadly coronavirus (COVID-19) outbreak. FSD (Financial… Read More

March 25, 2020 @ 8:45 pm By Omar Faridi  |  

SOLV, an online marketplace that matches lenders and micro-, small and medium-sized MSME borrowers, has expressed concerns regarding the coronavirus (COVID-19) outbreak, which has resulted in economic uncertainty and instability. SOLV, which is a B2B platform backed by the Standard Chartered Bank, expects SMEs to… Read More

March 24, 2020 @ 5:47 pm By Samantha Hurst  |  

Online lending platform Lendio announced on Tuesday it has joined companies through the U.S., including Biz2Credit, Credibly, Fundbox, Homebase, Kabbage, Funding Circle, Plaid, LendingTree, and Wisely, to send a letter to the U.S. Senate and House of Representative leaders to approve $500 billion in discretionary… Read More

March 18, 2020 @ 1:13 pm By Samantha Hurst  |  

Bank replacement platform Honeycomb Credit announced on Wednesday it is now offering loans to small businesses that are in need of working capital during the coronavirus pandemic. As of March 18th, there are 7,038 cases of the virus with 97 total deaths. According to Honeycomb… Read More

March 18, 2020 @ 9:08 am By Samantha Hurst  |  

iwoca, an online lender serving SMEs, announced on Wednesday the launch of a new platform, OpenLending, which may unify fintechs and banks to extend iwoca’s lending capabilities to over two million UK businesses. iwoca reported that the launch of OpenLending forms part of its £10… Read More

March 17, 2020 @ 10:31 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Tuesday it has facilitated over $2 billion in loans to small businesses across the U.S. The online lender also reported that it has originated more than 100,000 loans as well. Founded in 2011, Lendio claims to be a… Read More

March 17, 2020 @ 2:44 pm By Samantha Hurst  |  

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

February 18, 2020 @ 10:25 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday its latest data, which polled more than 600 U.S. small business owners, revealed the majority of small businesses believe their revenue growth underperforms their peers. Specifically, 60% of respondents ranked their revenue growth below the 50th percentile… Read More

February 6, 2020 @ 8:37 am By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE: FCH) is reportedly supporting a U.S. business loan transparency law. According to P2PFinanceNews, the online lender is backing the California introduced law, which will require certain data to be disclosed in commercial credit agreements much like consumer loans. Head… Read More

February 1, 2020 @ 3:04 am By Omar Faridi  |  

California-based OneWest Bank, CIT’s Southern California branch network, revealed on January 31, 2020 that it has introduced a new mobile app for small businesses. The app offers a new platform to assist small business clients in meeting their financial goals and requirements. The OneWest Bank… Read More

January 29, 2020 @ 3:17 pm By Samantha Hurst  |  

FIS (NYSE: FIS), a financial services technology firm, announced on Wednesday it is teaming with Liberis, a UK-based fintech that provides alternative funding for small businesses, to launch Working Capital to provide alternative funding solutions for U.S. small businesses. FIS reported that through its Working… Read More

December 12, 2019 @ 9:11 am By Samantha Hurst  |  

Camino Financial, a U.S.-based online small business lender, announced on Wednesday it raised $8 million through its Series A funding round, which was led by Crédito Real. Founded in 2014, Camino Financial offers business loans and solutions to help small businesses grow. The platform further… Read More

December 10, 2019 @ 8:23 am By Samantha Hurst  |  

Equity crowdfunding platform Seedrs announced on Monday it has formed a new partnership with GS1 UK to help support small business growth in the UK. GS1 UK describes itself as a community of more than 38,000 members working in the retail, healthcare, SME and Marketplaces…. Read More

October 25, 2019 @ 7:57 am By Omar Faridi  |  

London-based Capital On Tap, a Fintech firm that provides working capital including loans and credit cards to small businesses, recently reached a milestone of lending £1 billion to small companies since the firm began operating in 2012.  Capital On Tap had lent £500 million by… Read More

October 16, 2019 @ 4:15 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Wednesday it has provided more than 10,000 Kiva micro-loans to entrepreneurs in the developing world through Lendio Gives. Lendio reported that its Lendio Gives is an employee donation and employer matching program focused on facilitating global entrepreneurship. To… Read More

October 1, 2019 @ 10:46 am By Samantha Hurst  |  

Global financial institution, Royal Bank of Canada (RBC), announced on Tuesday it has rolled out mobile enhancements specifically for small business owners. According to RBC, the enhancements will help business owners receive financial insights and allow them to manage their business financials. While sharing more… Read More