Tagged: smbs

September 20, 2021 @ 9:55 pm By Omar Faridi  |  

China’s XTransfer, an established one-stop cross-border financial and risk management solution provider, has secured $138 million in capital via its Series D round. XTransfer‘s investment round was led by D1 Capital Partners, along with existing shareholders also making contributions. XTransfer will be using the funds… Read More

September 19, 2021 @ 11:43 am By Omar Faridi  |  

Over 70% of UK SMEs claim that they’re beginning to bounce back following the COVID-19 outbreak, according to a survey performed by Capify, a small business lender backed by Goldman Sachs (NYSE:GS). The Capify survey, released earlier this week, found that the United Kingdom’s small… Read More

September 18, 2021 @ 12:07 pm By Omar Faridi  |  

Morgan McCandless, Relationship Director at Assetz Capital, a marketplace lending platform originating secured loans, reveals that he re-joined Assetz in June of this year, having previously worked on the Northern Ireland portfolio as a consultant, before the COVID outbreak. As a Relationship Director covering Northern… Read More

September 17, 2021 @ 6:42 pm By Omar Faridi  |  

Melio, a B2B payments platform for SMEs, reveals that it has acquired an additional $250 million in capital, which has now tripled the firm’s valuation to around $4 billion since January of this year. The funds acquired should help with supporting the firm’s business expansion… Read More

September 17, 2021 @ 11:31 am By Omar Faridi  |  

Lendio, the leading SME financial solutions marketplace, reveals that it has made an asset purchase of Laso’s Loan Origination Software (LOS) and insights technology, which should help further its goal of supporting SMBs. This should serve as the foundation for a customer-centric product offering for… Read More

September 17, 2021 @ 8:18 am By Omar Faridi  |  

Validis, the provider of open accounting data analytics, reveals that it has teamed up with Bank North, the recently accredited SME-focused virtual bank. Having acquired a UK banking permit (Authorization with Restrictions), Bank North is prepared to launch its first lending pod in Manchester this… Read More

September 16, 2021 @ 4:10 pm By Omar Faridi  |  

Intuit (Nasdaq: INTU), the international tech platform that develops TurboTax, QuickBooks, Mint, and Credit Karma, reveals that it will be acquiring Mailchimp, an established customer engagement and marketing service for SMEs. The planned Mailchimp acquisition for around $12 billion in cash and stock aims to… Read More

September 16, 2021 @ 7:54 am By Omar Faridi  |  

ForwardAI, a Fintech firm offering aggregated access to business and accounting data and analysis, has introduced PreciseMatch, which is described as an intelligent transaction mapping technology that “automatically cross-validates accounting systems with synced banking accounts, allowing for smarter, more efficient small business lending decisions.” Banking… Read More

September 13, 2021 @ 7:51 am By Omar Faridi  |  

Stockholm-headquartered Qred, a small business lending service provider, has reportedly received a substantial investment from Nordic Capital. Although the exact amount invested has not been shared publicly, Sweden’s Breakit.se reveals that Nordic Capital may have invested just over half a billion kronor (appr. €49 million)… Read More

September 7, 2021 @ 2:59 pm By Omar Faridi  |  

Trade Ledger, an international digital lending platform, has teamed up with ScotPac, Australia and New Zealand’s biggest non-bank SME lender, in order to develop an origination and underwriting experience for business funding. As mentioned in a release, the partnership demonstrates the scope of the Trade… Read More

September 2, 2021 @ 6:53 am By Omar Faridi  |  

iwoca, one of the largest small business lenders in Europe, has introduced its “industry-first” cash advance product on Funding Xchange for small business online sellers. iwoca will reportedly be the first lender in the United Kingdom – leveraging Open Banking – to provide fully automated… Read More

September 1, 2021 @ 7:39 am By Omar Faridi  |  

Capitalise.com, a digital “super” platform that enables accountants and their SME customers to gain access to capital with a range of credit and risk tools, has secured £10 million from Experian, QED Investors, Gauss Ventures, Hambro Perks, and Post Finance. The investment acquired by Capitalise.com… Read More

August 30, 2021 @ 4:25 pm By Omar Faridi  |  

Sensibill, the customer data platform that “enriches” SKU-level data for the financial services sector, and FreeAgent, a provider of cloud accounting software for SMBs and accountants, will be supporting over 110,000 business clients to “better manage their business expenses.” As mentioned in a release, the… Read More

August 27, 2021 @ 11:37 am By Omar Faridi  |  

i2c Inc., a provider of virtual payment and banking tech, reveals that it has teamed up with Credijusto, a technology-enabled SME lender in Mexico. Through the partnership, the firms will offer seamless credit services for the nation’s SMBs via the Covalto American Express credit card… Read More

August 27, 2021 @ 8:11 am By Omar Faridi  |  

Monit, a mobile financial platform for small businesses, states that it plans to improve the connections between banking platforms and their small business clients. The company has announced several new senior management appointments across the organization. Rian Stockbower is now the firm’s first CTO; Max… Read More

August 26, 2021 @ 11:17 pm By Omar Faridi  |  

This month in August 2021, five years after issuing their very first loan to an SME borrower in Singapore, the Validus team reports reaching a notable milestone of cumulatively having financed over SGD 1 billion in SME loans via the Validus marketplace. As they look… Read More

August 25, 2021 @ 2:50 pm By Omar Faridi  |  

Small businesses’ average total sales reached 80% of pre-COVID levels, according to a recent Kabbage Survey. COVID-19 vaccination rates among small business owners have outpaced the US national average while issues with recruitment and reopening protocols “persist,” the Kabbage team noted earlier this month. Kabbage,… Read More

August 24, 2021 @ 8:38 am By Omar Faridi  |  

Newly-introduced SME bank, Recognise Bank, reveals that it has acquired £14 million in funding, which includes a recent investment from one of its existing shareholders. The capital injection means that Recognise Bank has now satisfied the financial requirements established by the PRA (Prudential Regulation Authority),… Read More

August 21, 2021 @ 12:00 pm By Omar Faridi  |  

UK-headquartered MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that assisting your clients with getting back on track with their growth plans is a key priority for your accounting company. And making use of the latest UK government financial support for… Read More

August 19, 2021 @ 2:18 pm By Omar Faridi  |  

Stax by Fattmerchant, which claims to be the industry’s “only” complete “all-in-one” solution for managing “everything” in the payments ecosystem, has announced the addition of credit card surcharging to its “feature-rich” technology. As mentioned in a released shared with CI: “With prices of processing fees… Read More