Tagged: smbs

August 3, 2022 @ 7:12 pm By Omar Faridi  |  

American Express (NYSE: AXP), the Small Business Card issuer in the U.S., has announced American Express Global Pay – a digital solution that enables U.S. businesses to securely “make domestic and international business-to-business (B2B) payments.” Through this new digital solution, business customers can “send payments… Read More

August 3, 2022 @ 12:39 pm By Omar Faridi  |  

Novo, the financial platform for small businesses, recently announced that the company has launched Express ACH, a service that will “allow all of Novo’s small business customers to process same-day ACH payments.” Novo CEO Michael Rangel said: “At Novo, we’re focused on giving small businesses… Read More

August 1, 2022 @ 9:52 pm By Omar Faridi  |  

Nexi announced a collaboration with Microsoft (NASDAQ: MSFT) intended to innovate virtual payments services and assisting with the digitalization of SMEs, Corporates, Public Administrations and Financial Institutions across European markets via vertical value-added solutions in order to respond to specific requirements as easy to adopt… Read More

July 31, 2022 @ 9:17 pm By Omar Faridi  |  

Ageras Group—whose suite of financial and accounting software powers more than one million small businesses across Europe and North America—announced that it has acquired Kontist, a Berlin-based neo-bank “focused on the complex accounting and banking needs of Germany’s growing populations of microbusinesses and self-employed workers.”… Read More

July 28, 2022 @ 10:47 pm By Omar Faridi  |  

TrueLayer, which claims to be Europe’s leading open banking platform, announced the availability of TrueLayer Payments for WooCommerce plugin, “enabling ecommerce SMBs to seamlessly add instant, secure account-to-account payments to their website.” Luxury watch retailer BQ Watches is one of “the first businesses to implement… Read More

July 27, 2022 @ 8:16 am By Omar Faridi  |  

Klarna Kosma, which is Klarna‘s financial technology platform for banking institutions, Fintech firms and retailers, announced its working relationship with Airbank, a digital financial management platform for companies. Klarna Kosma’s Open Banking platform offers Airbank with access to the largest international network of banks, considerably… Read More

July 26, 2022 @ 9:51 am By Omar Faridi  |  

Europe’s provider of credit information, CRIF, has reportedly expanded its Open Banking-enabled consumer credit solution to the United Kingdom, assisting more consumers with  accessing affordable, “responsible” credit during the ongoing economic crisis. CRIF’s credit scoring service, which is currently available to UK-based banking institutions and… Read More

July 22, 2022 @ 10:01 am By Omar Faridi  |  

Qonto, which claims to be the leading European business finance solution, announced its intent “to acquire German fintech Penta.” The deal, which is expected to close in the next few weeks, “comes amid continuous growth for both companies.” This acquisition “represents the logical next step… Read More

July 20, 2022 @ 6:48 pm By Omar Faridi  |  

Funding Circle, which claims to be the United Kingdom’s largest small business loan platform, recently announced the appointment of Bruno Tavares as VP of Engineering. Bruno has “a strong background in technology, built on more than twenty years of industry experience.” He has “a clear… Read More

July 19, 2022 @ 11:15 am By Omar Faridi  |  

After its first monthly operating profit in Q1 FY22, Atom Bank has “delivered three further consecutive quarters of operating profit.” Underlying operating loss “narrowed to £2m – a £34m improvement over the previous year.” Income grew “by over 200%, with costs increasing by just 6%,… Read More

July 18, 2022 @ 11:37 pm By Omar Faridi  |  

Malaysia-based digital insurance firm VSure.life recently revealed that it’s expanding operations into the UK in order to make it more affordable for SMBs to access insurance. VSure will be working with local service provider McGill and Partners, a boutique re-insurance broker focused on developing bespoke,… Read More

July 18, 2022 @ 12:55 pm By Omar Faridi  |  

Bluevine, which claims to be the leading provider of “holistic” banking solutions designed for small businesses, recently announced a new brand identity, “reflecting the company’s next era of its commitment to grow and evolve its services alongside the changing needs of small business owners.” Bluevine’s… Read More

July 16, 2022 @ 10:03 pm By Omar Faridi  |  

Synchrony (NYSE: SYF), a financing company, recently announced that merchants will now be able “to offer a short-term, no interest installment option,” Synchrony SetPay pay in 4, “via the Clover® point-of-sale and business management system from Fiserv, Inc.” This buy now, pay later (BNPL) offering… Read More

July 16, 2022 @ 12:06 pm By Omar Faridi  |  

Virgin Money, the high-street bank, is teaming up with Superscript, the Insurtech startup, in order to offer its business banking clients with customizable, flexible, subscription-based business insurance. Superscript will reportedly serve as the business insurance provider via Virgin Money’s online marketplace, where their business banking… Read More

July 14, 2022 @ 11:03 am By Omar Faridi  |  

Melio, a B2B payments platform for small businesses, announced the launch of a “fully integrated” accounts payable solution with Capital One Business. This strategic partnership will “enable Capital One small business cardholders to pay their vendors and suppliers with a card – even if they… Read More

July 14, 2022 @ 8:01 am By Omar Faridi  |  

Persistent inflation, supply chain weaknesses and concerns over the severity of interest rate hikes are “pushing more business leaders to make difficult decisions to preserve the economic health of their companies.” This, according to the 2022 Working Capital Survey from C2FO, which claims to be… Read More

July 13, 2022 @ 8:47 pm By Omar Faridi  |  

Recognise Bank, the Fintech powered business lender and savings provider, has teamed up with TruNarrative, a LexisNexis® Risk Solutions company, in order “to completely transform the onboarding process for its SME business lending customers.” The Bank, which received its full authorization in September 2021, is… Read More

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

ForwardAI, a Fintech providing aggregated access to accounting & business data and analysis, has released a whitepaper titled “Rising small business expectations and the evolving roles of financial service providers,” which focuses on modern, technology-enabled services that accountants, banking and financial service providers “offer to… Read More

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

Starling Bank is introducing Bills Manager for small businesses in order to help business and sole trader account customers “streamline” their finances. The feature gives small businesses the ability “to have a Direct Debit or standing order taken from money set aside in any of… Read More

July 7, 2022 @ 7:16 am By Omar Faridi  |  

UK-based business financial platform Tide has teamed up with Transcorp International Limited in order to issue prepaid cards intended for SMEs across India. The co-branded Tide Expense Cards should be introduced as an entry product, supported by India‘s card payment network, Rupay. The Tide app… Read More