Tagged: small businesses

June 22, 2021 @ 7:54 am By Omar Faridi  |  

UK-based Tide, a business financial platform, confirmed that it will be introducing Cashflow Insights this month in order to assist small business owners with enhancing their cash flow management while addressing delays in payments. The new solution should improve how credit scores may be used… Read More

June 21, 2021 @ 10:31 pm By Omar Faridi  |  

Progcap, a company focused on corporate-led “last mile” retailer financing solutions for Indian markets, has acquired $25 million in equity capital as part of its Series B round that was led by Tiger Global along with participation from existing investor, Sequoia Capital India. Progcap says… Read More

June 20, 2021 @ 8:28 pm By Omar Faridi  |  

Indonesia-based Finantier, an open finance API platform, has secured an undisclosed 7-figure sum through a seed round that was led by Global Founders Capital and East Ventures. Finantier’s latest investment round was oversubscribed. The capital was raised at a post-money valuation of over 20 times… Read More

June 18, 2021 @ 1:42 pm By Omar Faridi  |  

Mexico-based Fintech firm Credijusto, an SME lending solution provider, has confirmed its acquisition of a local banking provider, Banco Finterra which focuses on offering financing solutions for small businesses and the country’s agriculture industry. Credijusto acquired the regulated banking institution in a deal valued at… Read More

June 17, 2021 @ 11:59 pm By Omar Faridi  |  

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that at their company, the whole team connects every week for their (presently virtual) Townhall. But now that COVID-related restrictions are gradually easing and businesses can “take stock” of this past year,… Read More

June 17, 2021 @ 12:29 am By Omar Faridi  |  

Frank Rotman, who claims to be a 27+ year Fintech veteran and the Co-founder of QED Investors, notes that small businesses are quite important to our communities. Rotman points out that minority-owned small businesses do not have equal access to capital and the appropriate tools…. Read More

June 16, 2021 @ 11:18 pm By Omar Faridi  |  

Small and micro businesses (SMBs) account for over 90% of global businesses, and more than half or around 50% of global employment, and contribute over 60% of the GDP of developing nations, the Visa (NYSE:V) team writes in a blog post. However, 2020 was quite… Read More

June 16, 2021 @ 2:07 am By Omar Faridi  |  

Paris-based Upflow, a startup that assists B2B firms with getting paid, has secured $15 million in capital via a Series A round which included contributions from 9yards Capital, eFounders, and angels N26 co-founder Maximilian Tayenthal and Uber exec Pierre-Dimitri Gore-Coty. Companies or businesses usually try… Read More

June 15, 2021 @ 11:57 pm By Priyanka Pani  |  

UK-based technology platform BankiFi has entered the Australian Financial Services market to provide quick payment transfer, allowing small and medium-sized enterprises (SMEs) and avoid issues like late payment and other cashflow-related woes. The company has already been engaging with Australian financial services organizations from its… Read More

June 15, 2021 @ 12:58 am By Omar Faridi  |  

London-based DNA Payments Group, the fast-growing “vertically integrated” payments firm, has entered a £100 million deal with Alchemy Partners (Alchemy). With an operations based hub in Kent, DNA presently serves more than 45,000 merchants including established online and offline retailers to SMEs, offering them with … Read More

June 13, 2021 @ 6:17 pm By Omar Faridi  |  

The team at Lithuania’s Debitum, which offers borderless SME financing services, notes that another month has passed and they would like to provide a platform update for May 2021. Debitum’s management writes in a blog post that they’re pleased to report the positive sentiments in the… Read More

June 11, 2021 @ 11:53 am By Omar Faridi  |  

Osome, a three-year-old Super App that digitizes accounting and compliance services for small businesses, has secured $16 million through a Series A round that received contributions from a group of investors including Target Global, AltaIR Capital, Phystech Ventures, S16VC, and Peng T. Ong (who joined… Read More

June 10, 2021 @ 10:54 pm By Omar Faridi  |  

Southeast Asia-based Funding Societies, an established digital financing platform, has teamed up with Foodpanda in order to provide short-term online financing services for registered merchants (via Foodpanda’s network). Through the partnership, the companies have collectively disbursed RM1 million (appr. $240,000) in financing, which enables local… Read More

June 8, 2021 @ 9:31 am By Omar Faridi  |  

AideXa, an Italian banking challenger for small businesses, has reportedly acquired a full banking license which was issued by the European Central Bank (ECB). Established by Roberto Nicastro, ex- GM at Unicredit, Banca AideXa aims to leverage AI and Open Banking to better serve SMEs… Read More

June 7, 2021 @ 8:15 am By Omar Faridi  |  

PayAlly, a fully integrated payments ecosystem for small businesses, is reportedly using Banking Circle solutions to enhance its multi-currency B2B cross-border payments platform. Through the partnership, PayAlly will be able access a wider range of payment channels via the Banking Circle super-correspondent banking network. This… Read More

June 6, 2021 @ 9:39 am By Omar Faridi  |  

The team at digital bank Revolut notes that being able to work effectively in a digital environment is very important for small businesses. After a year that challenged many SMEs globally to adapt and become more flexible due to the COVID outbreak, everything from customer… Read More

June 2, 2021 @ 7:47 am By Omar Faridi  |  

UK-based digital bank Starling has been accredited by the British Business Bank as a lender under the government-backed Recovery Loan Scheme (RLS), which is the successor to the Coronavirus Business Interruption Loan Scheme (CBILS). Starling had previously been approved as a lender under the initial… Read More

May 30, 2021 @ 6:33 pm By Omar Faridi  |  

India has a GDP of about $3 trillion which is relatively small when compared to the size of its population (estimated to be around 1.5 billion). There are also many unbanked and financially underserved consumers and businesses across the country. India also does not have… Read More

May 28, 2021 @ 5:12 pm By Samantha Hurst  |  

  Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the U.S. and parts of Europe, announced on Friday it has teamed up with Atom Bank to provide £300 million of new funding to small businesses. Through the collaboration, Atom will use… Read More

May 28, 2021 @ 1:10 pm By Omar Faridi  |  

We recently connected with Yann Murciano, CEO at UK-based Blend Network, an online peer to peer (P2P) lender. Murciano talked extensively about the “unbundling” of banking and FinTech, and how now we are witnessing the “rebundling” of banking and FinTech again. He pointed out that… Read More