Tagged: small businesses

UK’s MarketFinance Reveals that 25% of SMEs Report Prices Doubling in Past 6 Months, Some Costs Passed on to Clients

The Christmas buying season is currently underway for many of your company’s business customers, the MarketFinance team notes. UK-based MarketFinance, an established online lender that recently raised £280 million in debt and equity and was approved for flex loans, writes in a blog post that… Read More

Russia’s Tinkoff Acquires Controlling 51% Stake in Online Freelancing Platform Jump.Finance

Russia’s digital banking platform, Tinkoff, has reportedly acquired a controlling stake (51%) in Just Look, the business entity behind Jump.Finance, a Fintech firm that automates interactions with freelancers, including making payments. The transaction was carried out on behalf of Tinkoff Business, the division of the… Read More

Starling Bank Reports that 43% of UK’s Small Businesses Say their Performance Is Back to Pre-COVID Levels

UK-based digital bank Starling reveals that two-fifths of small businesses (43%) report that their performance is back to pre-COVID levels, with almost a third (30%) “stating they are performing better than they were in February 2020.” The research from Enterprise Nation and Starling Bank reveals… Read More

Trade Finance Platform Drip Capital Appoints Rahul Nath as New Product Head to Support Product Growth

Drip Capital, Inc., a digital cross-border trade finance platform providing financing solutions to small and medium businesses, is pleased to confirm that Rahul Nath has joined the firm’s leadership team as the Product Head. With head offices in Palo Alto, California, Rahul brings more than… Read More

Brazilian Fintech TruePay Secures $32M in One of the Largest Series A Rounds in the Country

TruePay, a startup whose payment solution assists SMEs retailers with getting free and secure access to credit, has acquired $32 million in capital via a Series A round that was led by Addition. As mentioned in the announcement, this growth stage investment is one of… Read More

UK’s Business Financial Platform Tide to Leverage Open Banking to Enhance Services

Tide, the UK’s leading business financial platform serving over 375,000 SMEs – nearly 7% of the market, has revealed that it will allow SMEs to connect their existing business accounts, “held at other institutions, to its platform using Open Banking.” In the first such move… Read More

AIB to Sell UK Small Business Loan Book to London’s Fintech Challenger Allica Bank

AIB revealed on Tuesday (November 23, 2021) that it has decided to sell its British small business loan book to London-headquartered Fintech challenger Allica Bank. But the £600 million (appr. €715 million) size of the portfolio is considerably smaller than the recently reported £1 billion… Read More

UK based MarketFinance Explains How to Support Business Operations with Loans, Invoice Financing

Businesses require cash to grow their operations. That’s something company founders and CEOs know really well – even when business is picking up, the MarketFinance team writes in a blog post. UK-based MarketFinance, which is a leading online lender that recently raised £280 million in… Read More

Southeast Asia’s Funding Societies Partners with MUFG Bank Malaysia to Introduce Referral Scheme Program

Southeast Asia-based online financing platform Funding Societies announced earlier this week that it teamed up with MUFG Bank Malaysia, which operates as a subsidiary of Mitsubishi UFJ Financial Group, in order to introduce a Referral Scheme Program exclusively for the banking institution’s corporate customers in… Read More

Swiss Payroll Automation Fintech Earny Launches SaaS as a Public Beta Release

Earny, a Switzerland-headquartered company that aims to streamline and automate payroll for SMEs, recently revealed that it has launched its Software-as-a-service (SaaS) as a public beta this month. By providing access of its solution to a relatively small group of clients, Earny says it is… Read More

Bpifrance Leverages October Connect Tech to Streamline its Digital Risk Analysis

European online marketplace lender October notes in a recent blog post that as part of the economic support plan following the Covid-19 outbreak, Bpifrance introduced the digital Prêt Rebond (Rebound Loan) back in in April 2020, in partnership with the French Regions, allowing SMEs of… Read More

Core Banking Platform, Finxact, Welcomes Small Business Solution Provider, Codat, to its Marketplace

Finxact, the provider of the next-gen core banking platform to the US regional and super-regional banking industry, has confirmed that Codat has joined its Marketplace of banking solutions. The development brings the provider of API-powered connectivity to small business financial software “a step closer to… Read More

London based Fintech SumUp Introduces New Business Account Solution for UK SMEs

London-headquartered payments service provider SumUp has announced the introduction of a Business Account solution for its merchants in the United Kingdom and nearly a dozen European markets. As mentioned in a release shared with CI, the Business Account from SumUp is “central to the evolution… Read More

Lista, a Bookkeeping Fintech App for Small Businesses in Philippines, Secures Investments to Expand Operations

Lista, a bookkeeping app for small businesses operating in the Philippines, has secured an undisclosed amount of funding via an oversubscribed round that included contributions from 1982 Ventures, East Ventures, Saison Capital, Alternate Ventures, and various angel investors. The angel investors reportedly include ex- Grab… Read More

Small Business Owner Reveals How they Borrowed €465K from 3,000+ Lenders via October to Maintain Operations

The team at European online lender October recently revealed that Lot61 had borrowed €465,000 in order to finance an acquisition of part of their business. As mentioned in a blog post, October spoke to the company’s Australian founder Adam Craig about entrepreneurship, growth and “the… Read More

European Fintech iwoca Shares SME Expert Index: Businesses Focus on Growth, Turn to Recovery Loan Scheme

Small business owners are feeling “optimistic” about economic conditions for growth, according to iwoca’s quarterly SME Expert Index of UK brokers. The Index reveals that more than a third (35%) of brokers reported the “top motivator” for applying for unsecured finance was “to ‘grow the… Read More

European Asset Managers are Expected to Deploy Capital at Accelerated Pace, October Reveals

Asset managers are set to deploy capital at an accelerated rate, according to an update from European online lender October. Despite the global 2020 Covid-19 outbreak and resulting socioeconomic uncertainty, the asset management sector is going strong, if not stronger, the team at October reveals…. Read More

Savings Builder Product Introduced by BMO Harris Bank to Incentivize Clients for Reaching Savings Targets

BMO Harris Bank has announced the launch of Savings Builder, a product that rewards clients for reaching certain savings targets every month. As mentioned in a release, rewards apply to Personal and Business Savings Builder accounts. Clients who create a Personal Savings Builder are eligible… Read More

Insurtech: NEXT Insurance Announces Availability of Embedded Insurance Solution for Small Business Software Ecosystems

NEXT Insurance, the digital Insurtech firm transforming small business insurance, has announced the availability of NEXT Connect, a trusted embedded insurance solution for small business software ecosystems in the US. As mentioned in a release shared with Crowdfund Insider, NEXT Connect enables small businesses to… Read More

Codat Teams Up with Intuit to Accelerate QuickBooks App Development While Catalyzing Wave of Open Finance

Codat, the universal API for small business data that assists software providers and financial institutions with creating integrated products for their SME clients, has announced an integration partnership with the international tech platform Intuit (NASDAQ: INTU). This partnership will aim to bring about “a new… Read More

Send this to a friend