Tagged: small businesses

Saudi Arabia based Islamic P2P Lending Marketplace Forus Capital Acquires Series A Funding

Forus Capital, a Saudi Arabia-headquartered Islamic P2P lending marketplace, has secured funding via a Series A round (for an undisclosed amount). As noted by its management: “Forus Capital [is an] Islamic debt marketplace that enables investors to invest in a marketplace of alternative loans targeted… Read More

UK Fintech Capital On Tap to Offer Small Business Credit Card in US Markets, After Acquiring $100M Credit Facility

Capital on Tap, a UK-headquartered Fintech firm, reveals that it has introduced its small business credit card in the US markets. There’s been a lot of demand for such products, the company claims. Since April 2021, there have been more than 28,000 businesses that have… Read More

SaaS Cloud Platform Mambu Introduces All-Digital Solution for SME Lenders, Will Lower Costs, Speed up Time to Market

Mambu, a software-as-a-service or SaaS Cloud banking platform, has introduced an all-digital solution for SME lenders that aims to lower overall costs while speeding up the time to market. The new platform will be offering both banks and Fintechs with robust, scalable loan management solutions… Read More

Payments Fintech NextPay, which Supports SMEs in Philippines, Secures $1.6M via Seed Round from Golden Gate Ventures, Others

NextPay, a digital platform that provides business owners and entrepreneurs with banking services, has acquired $1.6 million (more than P80 million) in capital via a seed round. As noted by its management: “NextPay is the best alternative to bank accounts for small businesses and entrepreneurs… Read More

Assetz Capital Shares Key Features of Their Recovery Loan Scheme Backed Facility

The team at Assetz Capital, a marketplace lending platform originating secured loans, notes that after the end of the previous COVID-19 loan schemes, the UK Government launched the new Recovery Loan Scheme (RLS). Assetz Capital was accredited to lend via the RLS scheme on July… Read More

UK based Invoice Financing Platform MarketFinance Explains how SMEs May Address Late Payment Issues

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that during the month of July 2021, new changes to the Prompt Payment Code came into effect. Announced in January of this year, the changes have been designed “to strengthen the position… Read More

New Cross-Border Payments Service Introduced by SWIFT for Low-Value Transfers Globally

SWIFT reveals that it has launched SWIFT Go, a service that enables small businesses and consumers to send “fast, predictable, highly secure, and competitively priced low-value” cross-border payments across the globe. Payments may be sent directly from users’ bank accounts. Seven international banking institutions, which… Read More

Credit Suisse backed SME Lending Fintech Tradeplus24 Finalizes $25M Raise led by European Family Office

Credit Suisse-backed SME lending Fintech Tradeplus24 has finalized an “oversubscribed” $25 million pre-series B equity raise, which was led by a European family office with an established track record of investing in “high-growth” startups like Klarna, Delivery Hero, and Lyft. Existing investors Credit Suisse, SIX… Read More

Xero, a Cloud Accounting Software Solution for SMEs, Extends Partnership with UOB to Better Serve Small Businesses

Xero, a Cloud-powered accounting software application for SMBs, reveals that it has expanded its existing collaboration with UOB (SGX: U11) in order to provide companies with free access to the UOB Start Digital (for those that qualify). This offer will be available via the platform… Read More

Inclusive Fintech 50, Supported by Visa and Organized by Center for Financial Inclusion, Shares Updates

There’s a digital revolution that is taking place in the financial inclusion space, according to an update from Visa (NYSE: V). The Visa team writes in a blog post that emerging Fintech firms continue to develop innovative solutions “to barriers to access — access to… Read More

Assetz Capital Now Accredited as a Recovery Loan Scheme Lender

Assetz Capital has now been accredited as a recovery loan scheme lender. The team at Assetz Capital, which serves as a marketplace lending platform, notes that the lender will be delivering property-secured loans “between £250,000 and £10m” to SMEs across the United Kingdom, covering commercial… Read More

UK’s Invoice Financing Platform MarketFinance Introduces New and Improved Accounts

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, acknowledges that they understand the “stresses” and “frustrations” that small businesses go through on daily basis. Although they cannot fix everything, the company explains that they can provide you the financial “firepower” you… Read More

European Fintech iwoca Reveals that 1 in 3 Brokers Now See Growing Demand for Unsecured Finance

The iwoca SME Expert Index reveals that 1 in 3 brokers “see rising demand for unsecured finance.” As noted in an update shared with CI, more than a third (38%) of brokers submitted “more lending applications for unsecured finance in May compared to the previous… Read More

Lithuania based Debiitum, a Borderless Financing Platform, Reports 7,000+ Users, $8M in Deposits

The team at Lithuania-based financing platform Debitum recently published their platform statistics update for June 2021. As noted in a blog post by Debitum, the month of June was a relatively calm or quiet month for the platform. However, their team continued working hard to… Read More

Tejas Sherkar from October Explains How Credit Models Quantify Risk when Extending Credit to Borrowers

The team at European online lender October has published a blog post on credit risk analysis models including their construction and application. October notes in an update that the Covid-19 health crisis has led to two situations: a rise in the number of new loan… Read More

Saudi Arabia based Fintech Geidea, which Supports Small Businesses, Appoints Nick Ogden to its Board of Directors

Geidea, one of the largest Fintechs in Saudi Arabia in terms of market share, has reportedly appointed the global financial services and Fintech-focused professional Nick Ogden to the company’s Board of Directors. Geidea’s management states: “Supporting small businesses to succeed is at the heart of… Read More

Singapore based Fintech Lending Solution Provider CrediLinq.Ai Secures SGD 1.35M via New Funding Round

Singapore-headquartered financial services tech firm, CrediLinq.Ai, reveals that it has acquired SGD 1.35 million through a new funding round. The Fintech lender says that it plans to transform how credit is underwritten to SMEs using advanced tech solutions that will be integrated within its lending… Read More

Euronext Partners Early Metrics, a Provider of Startup Ratings, Valuations, Analysis of Technology Trends

Euronext reveals that it has teamed up with Early Metrics, an established provider of independent start-up ratings, valuations and analysis of key technology trends. Through the partnership, the organizations will offer free-of-cost automated analytical reports about SMEs operating in the technology sector that are also… Read More

UK’s Business Banking Fintech Tide Secures $100M via Series C at $650M Valuation

UK-based business banking platform Tide has secured more than $100 million in capital through a Series C round (at a $650 million valuation). Tide, which has helped around 350,000 SMEs and opened more than 410,000 business accounts since it launched operations in the United Kingdom… Read More

BaaS Fintech Netbank Partners Investree Philippines to Expand Digital SME Lending Services

Netbank and Investree have announced a new partnership in order to expand electronic SME lending in the Philippines. Netbank, which is a banking as a service (BaaS) platform, and Investree, an SME lender from Indonesia, have confirmed that their partnership will focus on expanding loans… Read More

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