Tagged: small businesses

October 30, 2020 @ 3:35 pm By Omar Faridi  |  

  Payments giant Visa recently published a study on Digital Banking and SMEs in Singapore. According to the report, 88% of Singapore’s SMEs are now considering switching over to an all-digital banking platform. These findings of the study have been released at a time when the… Read More

October 29, 2020 @ 3:43 pm By Omar Faridi  |  

NorthOne, an established digital bank for US-based small businesses, notes that they’ve launched a new desktop mobile banking feature that allows customers to manage their finances on a computer as well as from their mobile devices. NorthOne has partnered with Radius Bank to offer banking… Read More

October 28, 2020 @ 7:53 am By Omar Faridi  |  

Jose Luis Elechiguerra, Head of Client Solutions at BBVA US (NYSE:BBVA), which is originally a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, suggests that banks should “lean on a digital footprint as much as a… Read More

October 27, 2020 @ 11:18 pm By Omar Faridi  |  

Abdulaziz Bin Nasser Al Khalifa, the CEO at Qatar Development Bank (QDB), which offers financial services, banking, and loans to support the development of the nation’s economy, has said that changing mindsets regarding entrepreneurship is “critical to growth.” QDB plans to help both government employees… Read More

October 27, 2020 @ 10:16 pm By Omar Faridi  |  

Singapore-based SeedIn, a peer to peer (P2P) investment platform, has announced that it will be rebranding to BRDGE. The company stated that the new name (BRDGE) aims to better reflect the organization’s mission and objectives. The P2P platform is mainly intended for local SMEs. BRDGE… Read More

October 25, 2020 @ 10:31 pm By Samantha Hurst  |  

Coterie, a U.S.-based commercial insurtech, recently announced it has formed a new partnership with Intuit QuickBooks to deliver business insurance to QuickBooks customers through the QuickBooks Online small business platform. This news comes right now after Intuit Quickbook announced its collaboration with Next Insurance. Coterie… Read More

October 23, 2020 @ 8:35 pm By Omar Faridi  |  

Melbourne-based Archa, a company providing a corporate credit card that’s “built around your business, keeping you in control,” has revealed that it was granted principal issuing membership of Mastercard. The Archa team notes: “This is a significant, mission-critical milestone for us as we continue to… Read More

October 23, 2020 @ 8:50 am By Omar Faridi  |  

The COVID-19 pandemic has negatively impacted the operations of small businesses across the globe. European SMEs are the lifeblood of the region’s economy and a recent report claims that nearly half of these companies might shut down within the next 12 months. According to research… Read More

October 22, 2020 @ 9:27 am By Samantha Hurst  |  

Next Insurance, an insurtech seeking to transform small business insurance, announced on Thursday it has integrated with Intuit Inc. (Nasdaq: INTU). Next reported that the integration will enable QuickBooks users to seamlessly obtain a customized quote and easily purchase General Liability, Professional Liability and Workers’ Compensation coverage through the insurtech platform. “Not only… Read More

October 20, 2020 @ 7:25 am By Omar Faridi  |  

Visa and Mastercard are being accused of charging “excessive” fees during the COVID-19 crisis. British retail groups are claiming that the scheme fees being charged by the payment companies have nearly doubled during the past 2 years. Retail groups in the UK have noted that… Read More

October 15, 2020 @ 4:28 pm By Omar Faridi  |  

Australia-based SME challenger bank Judo Bank has chosen nCino (NASDAQ: NCNO) to help streamline its lending processes. Judo Bank will be using nCino’s Cloud-powered platform to enhance its services which are mainly intended for small businesses. nCino, Inc. is an established cloud banking and digital… Read More

October 14, 2020 @ 7:41 am By Omar Faridi  |  

Adrian Blair, CEO at Receipt Bank, which uses machine learning (ML) to boost productivity for 400,000 small businesses and 50,000 accountants in 110 countries, has confirmed that the company has launched Receipt Bank Pay. Blair claims that it’s the only app in the UK for… Read More

October 12, 2020 @ 8:05 am By Omar Faridi  |  

CAPX, a Los Angeles based financial services firm, has published a report which notes that middle-market firms (businesses with anywhere between 100 to 2,000 employees, or with $10 million to $500 million in annual revenue) have been experiencing certain challenges when trying to gain access… Read More

October 9, 2020 @ 9:50 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, notes that the Coronavirus Business Interruption Loan Scheme (CBILS) was originally scheduled to end on September 30, 2020. But the UK government has confirmed that the CBILS… Read More

October 9, 2020 @ 7:20 am By Omar Faridi  |  

October, a top European online lender, recently raised €258 million to lend to European SMEs. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. The lending platforms management noted in a blog post that its lenders… Read More

October 1, 2020 @ 7:44 am By Omar Faridi  |  

David Goldin, CEO and founder at Capify, a small business lender backed by Goldman Sachs (NYSE:GS), believes that the demand for new loans will rise again after the Australian government announced changes to lending laws and requirements. Capify confirmed that it will start issuing more… Read More

September 26, 2020 @ 8:59 am By Omar Faridi  |  

Trulioo, an on-demand global identity verification company, has been recognized on The Globe and Mail’s second-annual ranking of Canada’s 2020 Top Growing Companies – which ranks companies based on their three-year revenue growth. As mentioned in a release shared with CI, Trulioo recorded three-year growth… Read More

September 25, 2020 @ 2:30 pm By Omar Faridi  |  

For the first time ever (in September 2019), giant Wall Street investment bank Goldman Sachs’ (NYSE:GS) structured finance division provided a $100 million secured credit facility to Mexico-based Fintech startup Konfio Ltd. As reported last year, the funds were to be directed toward Konfio’s business… Read More

September 24, 2020 @ 11:00 pm By Omar Faridi  |  

Asosiasi Fintech Pendanaan Bersama Indonesia (AFPI), which is an association of 156 Fintech lenders, is reportedly planning to work cooperatively with the Indonesian government to distribute funds that are meant to offset the economic problems and challenges created due to COVID-19. As of September 2020,… Read More

September 23, 2020 @ 12:37 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday it is teaming up with the American Institute of Certified Public Accountants (AICPA), its business and technology arm, CPA.com, to launch a new small business funding platform, CPALoanPortal.com. According to Biz2Credit, the platform was created to help… Read More