Tagged: small businesses

Biz2Credit Small Business Lending Index Reports Approval Rates Inched Upward Last Month

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Small business loan approval percentages at big banks ($10m + in assets) “rose from 14.9% in March to 15.1% in April, and small banks’ approvals also increased from 20.6% in March to 20.8% this past month.” This, according to the latest Biz2Credit Small Business Lending… Read More

Inurtech: Pie Insurance Continues Leadership Team Expansion with Key Appointments

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Pie Insurance, an Insurtech specializing in workers’ comp insurance for small businesses, announced it appointed leadership team members “including David Samuels as the first chief commercial officer, Dimitrius King as the first chief claims officer, Kelly North as vice president of business development, and Jen… Read More

Fintech iwoca SME Expert Index: 30% Brokers Say Lending Market Returned to Pre-pandemic Levels

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The small business lending market has has reportedly returned to pre-pandemic levels of activity. This, according to nearly a third of brokers (30%) surveyed in iwoca’s latest SME Expert Index. And nearly another third (31%) believe the market will “return within 6 months, based on… Read More

Veem Announces New Payment Options to Help SMBs Address Inflation Concerns

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Veem, which claims to be a “leading” provider of global B2B payment solutions, has announced the rollout of new functionalities “including enhanced card options and faster ACH, allowing small businesses more flexibility in how they pay and get paid to manage cash flow.” Credit cards… Read More

Launch of Square Loans Provides Simple Access to Funds for Canadian Companies

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Square recently announced the launch of Square Loans in Canada, giving small businesses quick and simple “access to funds and eliminating another major pain point associated with running a business.” By using transaction data, Square Loans “proactively surfaces customized offers to eligible sellers, providing them… Read More

ICICI Bank Introduces India’s “First” Comprehensive Digital Ecosystem for MSMEs

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ICICI Bank (BSE: ICICIBANK, NYSE:IBN) announced that it has introduced India’s “first” comprehensive digital ecosystem for all MSMEs in the country, “including customers of other banks.” The ecosystem “has three pillars: i) enhanced banking services for existing customers, ii) a bouquet of banking services to… Read More

Working Capital Fintech C2FO Surpasses $200B Funding Milestone, Providing “Low-Cost” Capital to Businesses Globally

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C2FO, which claims to be the “largest” global platform for working capital, recently announced that it has “surpassed $200 billion in cumulative funding provided to its customers around the world.” As noted in an update shared with CI, this record funding amount “reflects invoices that… Read More

Wells Fargo Introduces Small Businesses to New Options for Financing, Technical Assistance

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Wells Fargo (NYSE: WFC) recently announced the Small Business Resource Navigator, which is an online portal helping connect small business owners “to potential financing options and technical assistance through Community Development Financial Institutions (CDFIs) across the country.” The portal was launched in collaboration “with the… Read More

First Internet Bank Appoints New SBA Business Development Officer

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First Internet Bank recently announced that Genevieve Lua has “joined its growing Small Business Administration (SBA) Lending team as a Vice President, Business Development Officer.” First Internet Bank Vice President, National SBA Sales Manager Mark Gibson said: “Genevieve’s people-first focus and relationship-building skills are important… Read More

Funding Societies Offers Sign with Singpass for MSMEs, Streamlining Digital KYC Process

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Funding Societies, which claims to be Southeast Asia’s largest SME digital financing platform, recently announced that it has teamed up Dedoco, a “decentralized” digital document and workflow management platform, in order “to become one of the first FinTech platforms to enable micro, small and medium… Read More

MX and Boss Insights to Streamline Business Lending and Insights with Access to Real-time Financial Data

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MX, which claims to be the leader in Open Finance, and Boss Insights, a key player in business data aggregation, are teaming up to provide Fintechs and financial institutions real-time access “to enhanced small business banking, accounting, and commerce data to accelerate business lending and… Read More

Fintech Firm Brex Announces New Software Platform to Help Businesses Streamline Operations

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Brex, the firm that’s focused on reimagining finance for growing businesses, announced Brex Empower, a new software platform designed “to increase the speed of businesses by enabling a culture of trust and financial discipline.” Empower will serve as the foundation for all Brex products “moving… Read More

Digital Banking: Philippines based Netbank Enhances Kayamo’s Loan Payout, Payment Collection Process

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Kayamo is teaming up with Netbank, a fully-regulated bank that provides Banking-As-A-Service solutions through open APIs, to improve the way they release loan payouts and collect loan repayments–”overall, to provide a better user experience for their end-customers.” Prior to this partnership, Kayamo needed “to complete… Read More

Tribal Introduces Tribal Ventures to Support Early-Stage Web 2, Web3 Startups

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Tribal, a B2B payments and financing platform for emerging markets, has introduced Tribal Ventures, which is a new fund that will provide equity financing for early-stage Fintechs. The fund is specifically designed “to support projects that share Tribal’s mission to help SMBs thrive in emerging… Read More

Egyptian Fintech Firm PayMint Finalizes Seed Round

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PayMint, the Egypt-headquartered Fintech firm, has closed a seed funding round (of 7 figures) from AUR Fintech-which is a subsidiary of AUR Capital, in order to support PayMint’s business expansion plan in Fintech and SMEs’ financial inclusion in Egyptian markets. PayMint introduced its services back… Read More

FintechOS Cuts Down SME Account Opening Process to Less than 15 Minutes

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FintechOS, a tech partner offering “high-productivity” Fintech infrastructure solutions for firms providing financial services, confirmed the launch of its accelerators for SME mobile lending and onboarding. The accelerators enable service provides to conveniently and efficiently enhance the SME customer onboarding process and streamline the loan… Read More

Thinking Capital Becomes Driven, Celebrates Rebrand with Cryptocurrency Rewards

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Thinking Capital, Canada’s Fintech provider of credit and insights to small businesses and a member of the Purpose Unlimited family of companies today announced its new name: Driven, by Purpose. The name <<Driven, by Purpose>> “celebrates the drive and the generative energy of small businesses… Read More

Finally, the SMB Back Office Automation Platform, Acquires $95M via Series A

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Finally, the Fintech startup whose goal is to help small businesses automate their accounting and finance functions, has announced a $95 million Series A, including equity and debt. The investment round has been led by PeakSpan Capital along with contributions from Active Capital, 500 FinTech,… Read More

UK’s ThinCats Appoints Billy Ferguson as New CTO

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UK-based ThinCats, the alternative finance provider to SMEs, has reportedly appointed Billy Ferguson to serve as the firm’s CTO. Ferguson brings considerable professional experience within the IT industry, having previously served in key roles at Aldermore Bank, Allianz Insurance as well as Prudential. Ferguson will… Read More

Malaysia Debt Ventures (MDV) Establishes Pilot Fund with Assistance from Funding Societies

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Malaysia Debt Ventures (MDV), a subsidiary of the Minister of Finance (MOF) and dedicated tech financier, is reportedly establishing a pilot fund valued at RM500,000 to be invested through Funding Societies, a Southeast Asia-based SME digital financing platform. This move intends to reach underserved companies,… Read More

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