October 15, 2018 @ 3:18 pm By Samantha Hurst  |  

Biz2Credit recently announced the results of its latest small business lending index, which revealed small business loan approval rates for big banks reached another high point in September 2018. According to the index, September 2018’s approval percentage for big banks (assets of $10 billion+) rose two-tenths of… Read More

September 12, 2018 @ 10:13 am By Samantha Hurst  |  

PayPal announced on Tuesday the launch of its new feature, Fund Now, which gives select small businesses access to their completed sales within seconds by eliminating holds, delays, and reserves so they can spend their funds immediately. According to the transfer payments giant, Funds Now… Read More

September 12, 2018 @ 8:39 am By Samantha Hurst  |  

Online lending platform OnDeck (NYSE: ONDK) announced on Wednesday it has surpassed $10 billion in total loan originated to small businesses. According to OnDeck, the latest milestone is the latest indication that small businesses increasingly prefer to seek financing online. OnDeck reported that it provided its first… Read More

August 17, 2018 @ 8:57 am By Samantha Hurst  |  

Biz2Credit recently announced the results of its latest small business lending index, which revealed that small business loan approval rates for big banks reached another high point in July 2018. The index notably examines more than 1,000 credit applications made by small businesses through Biz2Credit’s online lending platform. According… Read More

August 6, 2018 @ 11:37 am By Samantha Hurst  |  

On Monday, American Express (NYSE: AXP) announced it has formed a partnership with GreenSky, Inc. (NASDAQ: GSKY) to bring enhanced digital payments and financing capabilities to help merchants grow their businesses and give consumers greater flexibility in financing their purchases. According to the duo, this… Read More

July 26, 2018 @ 9:55 am By Samantha Hurst  |  

Online small business lender Lendio announced this week the release of its 2018 quarter 2 results, which recorded growth across all areas of its business, including 90 percent year-over-year quarterly revenue growth. The lending platform reported it has helped facilitate more than $900 million in financing to… Read More

July 23, 2018 @ 9:28 am By Samantha Hurst  |  

FinLeap, the fintech start-up platform behind Germany’s SolarisBank, announced on Monday it has teamed up with Italian open banking platform Fabrick to launch a new financial management startup specifically for small businesses. According to FinLeap, the startup, called Beesy, will simplify accounting, tax and banking services for… Read More

July 9, 2018 @ 8:42 am By Samantha Hurst  |  

On Monday, Canadian fintech startup Citrusxchange Inc. announced it has launched its blockchain based supply chain and invoice financing platform, Kwikxchange.  The company reported its platform caters to small and medium enterprises seeking supply chain financing and invoice financing. The platform was also developed under… Read More

July 6, 2018 @ 8:24 am By Samantha Hurst  |  

Online small business lender Lendio announced on Thursday it has helped facilitate nearly $120 million in growth capital through more than 5,0000 to small businesses in the state of California. The lending platform has reportedly funded more loans in California than in any other state… Read More

July 2, 2018 @ 2:06 pm By Samantha Hurst  |  

American Express (NYSE: AXP) announced last week plans to launch a co-branded Amazon credit card for small businesses in the U.S. According to the credit giant, the new card will enhance the way small businesses buy goods and services across Amazon and is part of… Read More

June 27, 2018 @ 9:37 am By Samantha Hurst  |  

TD Bank announced on Tuesday it has formed a new partnership with BizEquity to provide its small and mid-size business customers and prospects from Maine to Florida a no-cost comprehensive business valuation through a cutting-edge digital application. The bank revealed that through its relationship with the Philadelphia-based fintech it now offers… Read More

June 26, 2018 @ 3:55 pm By Samantha Hurst  |  

Online lending platform Funding Circle announced on Tuesday it has expanded its strategic partnership with U.S. regional bank INTRUST Bank to support the growth of small businesses in the U.S. The lender reported that following the successful launch of the partnership earlier this year, the… Read More

June 25, 2018 @ 1:26 pm By Samantha Hurst  |  

Last week, National Bank announced it has launched a new mobile point of sale solution, Easy Pay, which is powered by Montreal fintech, Mobeewave and will be used by SME clients. National Bank reported that by collaborating with its partner, Global Payments, it claims to… Read More

June 13, 2018 @ 7:49 pm By Samantha Hurst  |  

Funding Circle has announced that a new report produced by Oxford Economics revealed that lending through its platform unlocked 45,000 jobs in the UK in 2017. Globally this number jumps to 75,000 across all four of the Funding Circle markets. Overall, Funding Circle’s platform contributed £2.4… Read More

May 24, 2018 @ 9:35 am By Samantha Hurst  |  

Sberbank announced on Thursday it has extended more than ₽535 billion in loans to SMEs since the start of 2018. The bank reported that over the first four months of 2018, lending to SMEs increased by 74.4% vs. the same period in 2017. “Sberbank has… Read More

May 14, 2018 @ 2:20 pm By Samantha Hurst  |  

Banking giant Santander is currently making preparation to launch a new stand-alone UK digital bank specifically for SMEs within the next few months. According to the Telegraph, The Spain-based bank is also considering bringing its digital lending service, Openbank to the UK as well. A spokesperson… Read More

May 8, 2018 @ 8:44 am By Samantha Hurst  |  

U.S. fintech startup SuperMoney announced on Monday it has launched its new No-Fee Financing Platform that offers point of sale financing opportunities for small businesses nationwide. The company reported that the platform making point of sale financing available for merchants and service providers across all industries including home… Read More

May 4, 2018 @ 2:00 pm By Samantha Hurst  |  

On Thursday, Funding Circle announced the European Investment Fund, part of the European Investment Bank Group, and KfW, a German Promotional Bank, are supporting UK small businesses through their investment in a securitization of loans originated by the Funding Circle online lending platform. According to… Read More

May 3, 2018 @ 8:53 am By Samantha Hurst  |  

Earlier this week, Lendio announced its third annual Top 10 States For Small Business Lending list. According to Lendio, the list’s results were based on lending data from its online lending platform, which matches businesses to nearly 80 lenders. Lendio reported that the key findings… Read More

April 30, 2018 @ 2:57 pm By Samantha Hurst  |  

  On Monday, Virgin Media announced the judges who will be joining Sir Richard Branson for Voom 2018. The judges will decide which entrepreneurs win a share of £1million in prizes after pitching their big ideas live. Virgin reported that Founder of Innocent drinks Richard Reed, serial… Read More