Tagged: small businesses

November 9, 2022 @ 10:17 pm By Omar Faridi  |  

BankiFi, a provider of embedded banking solutions, has partnered with MX Technologies, Inc., a key player focused on open finance, “to enable secure data sharing and account connectivity for businesses using BankiFi’s platform.” Through this collaboration, financial institutions will be able “to leverage MX’s open… Read More

November 2, 2022 @ 8:34 am By Omar Faridi  |  

Amazon (NASDAQ: AMZN) launched a new financing solution, a merchant cash advance, provided by Parafin–a U.S.-based provider of growth capital for sellers. This secure financing option “ties payment on the cash advance to a portion of sellers’ future sales for a fixed capital fee and… Read More

November 1, 2022 @ 11:09 am By Omar Faridi  |  

Veritran, a global financial technology solutions provider, launched Fusion by Veritran, a Small Business Solution for the United States market at Money 20/20 in Las Vegas. The flagship solution of the tech company is “designed for freelancers, independent professionals and owners of small businesses, allowing… Read More

October 29, 2022 @ 11:28 am By Omar Faridi  |  

With inflation hovering at a 40-year high, “managing day to day cash flow has become the primary reason for small business applications for finance,” according to iwoca’s latest SME Expert Index. The survey of brokers has “revealed that managing cash flow is the most common… Read More

October 26, 2022 @ 7:51 am By Omar Faridi  |  

Klarna Kosma, Klarna‘s financial technology platform for banks, Fintechs, and innovative retailers, announced that its partnership with Krea, a digital loans platform for Small and Medium-sized businesses (SMEs) in Sweden “has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower… Read More

October 22, 2022 @ 3:35 pm By Omar Faridi  |  

Global Fintech Capital on Tap has secured a $110 million corporate revolving credit facility with Atalaya Capital Management “to provide small businesses in the US and UK with a central hub to manage all aspects of their business finances.” Since launching in 2012, Capital on… Read More

October 21, 2022 @ 7:07 pm By Omar Faridi  |  

Uplinq Financial Technologies – which claims to be the first global credit assessment and scoring platform for SMB lenders – announced: “a $1.25 million investment from ATX Venture Partners, an early-stage venture capital firm based in Austin, Texas.” This announcement “comes after Uplinq raised $3.5… Read More

October 20, 2022 @ 3:27 pm By Omar Faridi  |  

UOB (SGX: U11) recently announced the launch of the UOB Sustainability Compass at the Gateway to ASEAN Conference. The Sustainability Compass is a tool that “provides a step-by-step guide for small and medium-sized enterprises (SMEs) to overcome their inertia and kickstart their sustainability journeys.” As… Read More

October 20, 2022 @ 8:14 am By Omar Faridi  |  

Visa (NYSE: V) is partnering with Thunes to help individuals and small businesses move money internationally to 78 digital wallet providers, “reaching 1.5 billion digital wallets across 44 countries and territories.” This partnership will now “expand Visa Direct’s reach to nearly 7 billion endpoints, including… Read More

October 19, 2022 @ 9:53 pm By Omar Faridi  |  

NAB has launched tap on phone payment technology “for small businesses in a first for a major Australian bank.” The NAB Easy Tap app is described as “an innovative solution that allows small businesses to accept contactless payments when customers tap their card1 or phone… Read More

October 19, 2022 @ 12:41 pm By Omar Faridi  |  

GoCardless, which claims to be a global leader in direct bank payments, has signed Crowdz, the small and mid-sized enterprise (SME) finance platform, “as its latest customer as the company looks to integrate open banking to enhance its ability to drive equitable access to finance… Read More

October 17, 2022 @ 4:58 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is expanding its commitment to small and medium enterprises (SMEs) with a new program in its global startup engagement program, Start Path, “specifically tailored to companies supporting the digital needs of SMEs.” The startups that will be selected for the Start Path… Read More

October 14, 2022 @ 9:00 am By Omar Faridi  |  

NorthOne recently announced it has raised $67 million in Series B funding. With participation from new and existing investors, NorthOne claims it is poised “to further expand the reach of its business banking and financial management platform across all sectors of the small business community.”… Read More

October 13, 2022 @ 11:22 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) and Fiserv (NASDAQ: FISV), which claims to be a global leader in payments and financial services technology, have launched Vert, which is described as “a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs).” Vert is reportedly… Read More

October 12, 2022 @ 8:37 am By Omar Faridi  |  

Bluevine, which claims to be the leading provider of holistic banking solutions designed for small businesses and Heard, the financial back-office for therapists in private practice, announced a partnership in order “to provide business checking to mental health professionals.” COVID saw “a twenty percent rise… Read More

October 12, 2022 @ 8:11 am By Omar Faridi  |  

MarketFinance, which claims to be one of the leading fintech credit and payments companies, has secured a £30 million credit facility from Viola, the Israeli technology investment group, in order “to expand its B2B Pay Later embedded finance offering for SMEs.” Available in Sterling, US… Read More

October 11, 2022 @ 9:43 pm By Omar Faridi  |  

Zetl and Netbank, (a Rural Bank), inc. have partnered in order “to provide an innovative approach to SME financing in the Philippines.” Under this partnership, Zetl will “identify ‘asset light’ SMEs with a regular and guaranteed income stream, seeking funding.” Netbank will “provide loans to… Read More

October 11, 2022 @ 9:08 pm By Omar Faridi  |  

Mamo, a UAE-based FinTech and financial services platform for SMEs, has been granted regulatory approval “to operate from Dubai International Financial Centre (DIFC), the global financial center  in the MENA and Asia region.” The license has been “granted by the Dubai Financial Services Authority (DFSA),… Read More

October 10, 2022 @ 11:07 pm By Omar Faridi  |  

October, the European Fintech company specializing in SME financing, and Solution Bank, an innovative corporate & investment bank, have “developed a new way of financing SMEs.” Businesses that apply to October for financing will also “have Solution Bank’s resources directly available to them.” The challenger… Read More

October 9, 2022 @ 11:34 pm By Omar Faridi  |  

A new independent survey of more than 2,000 European SMEs has found: 68% plan to adopt real-time payment processing in the next 12 months At present, just 10% of SMEs can receive payments instantly 23% say their international growth has been hindered due to delays… Read More