Tagged: small businesses

Funding Circle Investors Lent More Than £113 Million to Over 1,700 UK Businesses in February 2018

On Wednesday, online lender Funding Circle announced investors lent more than £113 million to over 1,700 UK businesses throughout the month of February. Funding Circle also reported that over the last six months investors have helped more than 10,200 small businesses be able to gain access… Read More

iwoca Pledges to Lend £100 Million to Northern England Small Businesses

iwoca, one of Europe’s largest small business lenders, announced on Tuesday it is pledging to lend £100 million to micro and small businesses in the North of England by 2020. The alternative finance provider revealed the pledge is in response to the withdrawal of credit… Read More

Azlo Launches New Digital Banking Platform For Freelancers & Self-Employees

Azlo, a California-based fintech, announced on Thursday the launch of its new digital banking platform for freelancers and self-employed workers. According to the company, customers will now have access to dedicated business banking services instantly online, with no fees, minimum balances or confusing conditions. While sharing… Read More

Crowdcube Update: 500,000 Users & £400 Million Invested on the UK Equity Crowdfunding Platform

On Wednesday, Crowdcube announced half a million users have pledged over £400 million, of which £310 million has been successfully invested through its equity crowdfunding platform. the funding portal went on to list key stats about the crowd: The average investment size from an individual… Read More

Finnish Fintech Zervant Secures €6 Million Through Latest Funding Round Led By Tesi

Zervant, a Finnish fintech that provides online invoicing software for small businesses and entrepreneurs in Europe, announced on Tuesday it secured  €6 million through its latest investment fund, which was led by Tesi, with participation from Northzone, NFT Ventures, and Conor Venture Partners. Zervant explained that it… Read More

Kabbage Announces Partnership With TaxSlayer to Offer Small Businesses Access to Lines of Credit Up to $250,000

TaxSlayer, an online professional tax and fintech company, announced on Tuesday it has formed a strategic partnership with Kabbage, Inc., a global technology and data platform powering small business lending. According to the company, this new collaboration is set to offer qualified small business customers hassle-free… Read More

Biz2Credit’s Latest Small Business Lending Index Confirms: Small Business Lending Thrived in January 2018

On Tuesday, Biz2Credit announced the results of its latest small business lending index, which revealed that business loan approval rates for big banks (25.3%) hit another new high last month, with big banks (assets of $10 billion+) granting more than one-quarter of the small business… Read More

creditshelf to Now Offer Loans With Terms Up to Five Years; Maximum Loan Size Will Be Doubled

On Tuesday, German marketplace lender for SMEs, creditshelf, announced it is extending the maximum term of its arranged loans from 36 to 60 months. The online lending platform also reported that the maximum loan amount will double from previous €2.5 million to €5 million with… Read More

SmartBiz Loans Debuts AI-powered Digital Advisor Tool for Small Business Owners

SmartBiz Loans, an SBA loan marketplace and bank-enabling technology platform, announced on Wednesday the launch of its new AI-powered digital advisor tool for small business owners. The platform revealed that SmartBiz Advisor is an intelligent online platform that allows small business owners to easily and… Read More

Crowdcube Partners With Small Business UK to Give £5,000 Every Month to a Leading Small Business

Equity crowdfunding platform Crowdcube announced on Tuesday it has formed a partnership with Small Business UK to launch Small Business Grants, which is described as a free-to-enter initiative that offers £5,000 every month to a leading small business. The funding portal noted that the grant does not… Read More

Lendio Announces New Franchise in Detroit

Lendio, an online lending marketplace for small business loans, announced on Thursday the opening of its new franchise in the Detroit Metro area. Through the franchise program, Darnell Parker, President of Lendio Regional Lending Services, will help local businesses in the community apply for loans, review their… Read More

OnDeck Appoints Former GE Capital & SunTrust Executives to Finance Team

On Tuesday, small business lending platform OnDeck announced two senior financial services executives to join its management team. Kelly Merrill and Erich Wust will assume new leadership roles that directly support the online lender’s  mission of empowering small business owners with the fastest and most… Read More

Harmoney Reports Increase in Kiwi SMEs That Are Tapping into P2P Lending for Business Cashflow

Earlier this week, Harmoney announced there has been an increase in Kiwi SMEs that are tapping into peer-to-peer (P2P) lending for business cashflow. The New Zealand online lender stated it estimates $100 million will be loaned to business accounts through its lending platform within the… Read More

Growth Street Milestone: P2P Business Lender Surpasses £100 Million of Lending

UK-based peer-to-peer business lender Growth Street has successfully surpassed £100 million in online lending. The platform, which was launched in 2013, allows investors to lend to small-and medium-size businesses using a flexible working capital solution. According to Peer2Peer Finance News, along with its lending milestone, Growth… Read More

Funding Options Announces Support For FCA’s Plan to Extend Financial Ombudsman Services

Funding Options, a UK-based online marketplace for business finance, announced on Wednesday it is supporting Federal Conduct Authority (FCA) plans to allow more SMEs access to the Financial Ombudsman Service (FOS). Established by Parliament, FOS describes itself as the UK’s official expert in resolving complaints between financial businesses and… Read More

Lendio Provides More Than $25,000 in Loans to Over 1,200 Small Business Owners Through Lendio Gives on Kiva

On Wednesday, p2p lending platform Lendio announced it has provided loans to more than 1,000 small business owners around the globe through its Lendio Gives program on Kiva. The online lender stated it gave over $25,000 in loans to over 1,200 small business owners in 75 countries…. Read More

Canadian Small Business Lender Lendified Secures $60 Million Credit Facility From ClearFlow

Lendified, a Canada-based lender who provides small business loans online has entered into an agreement with ClearFlow Commercial Finance to increase its lending capacity. According to the lending platform, through the agreement, ClearFlow is providing it with a $60 million credit facility to fund loans… Read More

RateSetter Teams Up With Experian to Help Businesses Invest & Grow

Peer-to-peer lending platform RateSetter announced on Friday it has formed a partnership with Experian to help businesses both invest and grow. The online lender revealed that the new collaboration with Experian is now providing credit reference data and analytical services, which ensure that RateSetter continues… Read More

Seed Launches Full-Service Digital Bank Alternative for Small Businesses

San Francisco-based Seed announced on Wednesday the launch of its new full-service digital bank alternative that is designed specifically for small businesses. While sharing details about the services, Brian Merritt, Co-Founder and CEO of Seed, stated: “Traditional banks have struggled to take care of their small… Read More

American Express Announces New Finance Product For Small Businesses

American Express (AMEX) announced on Thursday the launch of a new addition to its suite of business financing products, which are designed to help businesses with access to working capital and short-term financing, Business Loans. According to the financial service giant, Business Loans now gives small businesses… Read More