Tagged: smbs

August 15, 2020 @ 2:04 pm By Omar Faridi  |  

Barclays-backed Fintech, Crowdz, which serves as a financing marketplace that allows SMBs to sell unpaid invoices for cash, has teamed up with Edward Altman‘s latest project, Wiserfunding, a business credit score provider. As mentioned in an update shared with Crowdfund Insider: “As Silicon Valley’s Crowdz… Read More

August 13, 2020 @ 11:43 pm By Omar Faridi  |  

The next or upcoming UK Budget will have to be the “most pro-business ever” so that it can counter the negative impact of the recession, according to the Federation of Small Businesses (FSB), a member-led, non-profit and non-party organization that represents SMBs. The United Kingdom… Read More

August 12, 2020 @ 9:13 am By Omar Faridi  |  

Fintech unicorn and stealth bank TransferWise revealed on August 11, 2020 that it has teamed up with FreeAgent, a UK-based accounting software firm. Through the partnership, both companies aim to offer improved accuracy and more convenience for SMBs when they reconcile their TransferWise multi-currency business… Read More

August 10, 2020 @ 11:49 am By Omar Faridi  |  

Clear Books, which offers accounting and payroll software to more than 13,000 SMEs, has teamed up with payment processing company, Stripe. The integration should make it easier or more seamless for Clear Books customers to take card payments, which means that businesses will be able… Read More

August 9, 2020 @ 12:49 pm By Omar Faridi  |  

Emergency COVID-19 funding or financial relief for companies in the UK will reportedly go back to the Treasury at the end of this month if it’s not claimed, the BBC reports. About four months after £12 billion in Coronavirus related funding was approved to help… Read More

August 9, 2020 @ 11:51 am By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, says it’s reevaluating whether it should begin leveraging Open Banking technology. The company claims that it has managed to improve its customer experience, and would now like… Read More

August 6, 2020 @ 12:51 am By Omar Faridi  |  

Leeds-based Rebuildingsociety, a peer to peer (P2P) lending platform that’s focused on financing options for SMBs, has teamed up with Virtual Finance Director (VFD) so that Rebuildingsociety’s borrowers are able to get updated reports on their accounts. The P2P lender’s borrowers will also receive future… Read More

August 4, 2020 @ 10:25 pm By Omar Faridi  |  

UK based Fintech firm Wiserfunding is expanding its operations into markets in India. The company is introducing its AI enhanced, cloud-powered credit risk assessment tool for SMEs. Wiserfunding’s entry into Indian markets has come at a time when small businesses across the nation are struggling… Read More

August 4, 2020 @ 8:19 am By Omar Faridi  |  

UK-based Fintech iwoca, a company focused on lending to SMEs, is calling for closer collaboration between the country’s largest financial institutions, after securing £100 million to support the operations of small businesses looking for financing via the Coronavirus Business Interruption Loan Scheme (CBILS). The COVID-19… Read More

August 3, 2020 @ 11:35 pm By Omar Faridi  |  

India based RAMSUN Network, a digital or online marketplace for supply chain finance, has reportedly joined Fintech firm MonetaGo’s secure financing network. The RAMSUN Network aims to facilitate financing for SMBs via its AI-powered technology platform – which allows many lenders to be a part… Read More

August 3, 2020 @ 7:20 am By Omar Faridi  |  

Fintech firm Become, an online lending platform for SMEs, notes that digital or e-commerce has been accelerated by about 4-6 years due to COVID-19 which has led to permanent changes in consumer behavior. Individuals and business owners are increasingly using all-digital services, instead of visiting… Read More

August 2, 2020 @ 11:30 pm By Omar Faridi  |  

October, a leading European online lender, reveals that it was definitely not “idle” during the month of July 2020, despite the challenges created by the global COVID-19 outbreak and the resulting economic uncertainty. October claims that July 2020 was a record month, during which 55… Read More

August 2, 2020 @ 10:15 pm By Omar Faridi  |  

UK-based Fintech and stealth bank TransferWise recently revealed that it has taken an “exciting” step towards modernizing and streamlining global banking in Asia. The company confirmed that it has brought TransferWise for Banks, its “bank-friendly” API integration, to Asian markets, allowing financial institutions to surface… Read More

July 30, 2020 @ 11:52 pm By Omar Faridi  |  

PT Bank Rakyat Indonesia Tbk (Bank BRI), one of Indonesia’s largest financial institutions, is reportedly integrating three core ecosystems (market, digital, village), in order to accelerate the digital transformation of the country’s micro, small and medium enterprises (MSMEs) sector. Bank BRI is a 70% government-owned… Read More

July 29, 2020 @ 11:14 pm By Omar Faridi  |  

X15 Ventures, a Fintech firm owned by the Commonwealth Bank of Australia (CBA), has introduced an app for SMEs that helps them with launching their operations. There’s also a cash incentive being offered to firms that will use the app to start their business. The… Read More

July 27, 2020 @ 8:15 am By Omar Faridi  |  

Financing for SMEs is severely limited in certain regions of the world. Many different peer to peer (P2P) lending platforms have been launched in order to provide much-needed capital to small businesses. The SME Finance Forum reveals that 41% of formal micro, small and medium… Read More

July 25, 2020 @ 3:05 pm By Omar Faridi  |  

Peer to peer (P2P) lending platform managers have different predictions or expectations about how Innovative Finance ISA (IFISA) inflows will perform during this tax year in the United Kingdom. David Bradley-Ward, CEO at Ablrate, an asset-backed lending platform, claims that net inflows on the platform… Read More

July 21, 2020 @ 9:00 pm By Omar Faridi  |  

Shaw & Co, a corporate finance advisory company, will be providing a free of cost online credit suitability check software program for businesses, so that they can determine whether they need and qualify for working capital funding during the COVID-19 crisis. Shaw & Co’s cashflow… Read More

July 21, 2020 @ 7:51 am By Omar Faridi  |  

The European Commission (EC), the executive branch of the European Union that recommends legislation, implements various policies and decisions, among other duties, is being asked to use its European Social Fund (ESF) to issue loans via crowdfunding and peer to peer (P2P) lending platforms across… Read More

July 20, 2020 @ 11:37 pm By Omar Faridi  |  

Ney Villasenor, the VP and chief corporate affairs officer at GCash, a Fintech company that facilitates fast and secure mobile payments, has noted that there’s no doubt that COVID-19 has made Fintech services essential for people residing in the Philippines. Villasenor pointed out that cash… Read More