Tagged: smbs

June 8, 2020 @ 10:58 pm By Omar Faridi  |  

The steady rise and adoption in Sharia Fintech has transformed Indonesia’s trillion dollar economy, as the nation’s Muslim residents seek financial services that follow Islamic law and guidelines. Indonesia is notably Southeast Asia’s largest emerging market. It has turned into a hub for new companies… Read More

June 2, 2020 @ 12:31 am By Omar Faridi  |  

Businesses throughout the world are looking for ways to cope with the adverse effects of the COVID-19 outbreak. Governments across the globe have enforced lockdowns and recommended that people observe safe distancing measures to avoid the further spread of the Coronavirus. There are now over… Read More

May 29, 2020 @ 12:22 am By Omar Faridi  |  

Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financing services to small businesses. GVCP has appointed two expert advisors, Vincent Polizatto and William Haworth, to the U GRO… Read More

May 27, 2020 @ 7:27 am By Omar Faridi  |  

UK-headquartered payments service company SumUp has launched an online payment tool to help businesses conduct operations while observing social distancing measures, following the COVID-19 outbreak. As noted in a release shared with CI, SumUp’s latest solution is part of the Fintech firm’s efforts to enter… Read More

May 21, 2020 @ 1:16 am By Omar Faridi  |  

India-based online lender Lendingkart Technologies has secured Rs 319 crore (appr. $42.16 million) in funding through a Series D investment round, which was led by existing investors Bertelsmann India Investments, Fullerton Financial Holdings, IndiaQuotient, and Sistema Asia Fund. LendingKart’s management said that the capital raised… Read More

May 18, 2020 @ 11:12 pm By Omar Faridi  |  

Payments giant Mastercard (NYSE:MA) has committed to a Memorandum of Understanding (MoU) with Hub71, a technology ecosystem based in Abu Dhabi Global Market Square that supports global Fintech initiatives and leading tech firms. As mentioned in the announcement, Hub71 is a flagship project of the… Read More

May 14, 2020 @ 4:21 pm By Omar Faridi  |  

Danish small business accounting platform Billy aims to leverage Open Banking technology and processes, in order to gain access to SMEs’ data from banks. Billy aims to use its cloud platform to transform how SMEs perform their accounting work. Billy claims around 18,000 customers in… Read More

May 14, 2020 @ 7:49 am By Omar Faridi  |  

  UK-based Anna, a mobile business current account and financial administrative assistant services provider for SMEs and gig economy workers, is reportedly looking to expand its operations into Europe. Anna’s management has sold a majority stake in the company to ABHH, an established multinational banking… Read More

May 13, 2020 @ 7:56 am By Omar Faridi  |  

  A blog post recently published by the World Economic Forum notes that SMEs throughout the world have been struggling to maintain operations due to the COVID-19 outbreak, nationwide lockdowns, and resulting economic challenges. WEF’s blog acknowledges that traditional lending models have been an obstacle… Read More

May 1, 2020 @ 11:48 am By Omar Faridi  |  

Amsterdam-based banking challenger Finom, which aims to serve entrepreneurs and SMEs, has secured €6.5 million in seed funding through an investment round led by Target Global. General Catalyst, FJlabs, the Raisin founders Frank Freund, Tamaz Georgadze, and Michael Stephan also took part in Finom’s funding… Read More

April 29, 2020 @ 8:43 pm By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has created major social-economic challenges for individuals and businesses throughout the world. The pandemic has led to an increase in the use of Fintech-focused services, which has helped some companies generate more revenue during these difficult times. However, the crisis has… Read More

April 25, 2020 @ 9:08 pm By Omar Faridi  |  

Artis Technologies, a US-based Fintech firm that provides embedded financial services platforms for digital, “point-of-need” lending and payments, has launched Artis Connect, a cloud-powered, white-label lending solution for banking institutions and credit unions. According to a company release, the solution aims to reach more clients… Read More

April 9, 2020 @ 8:23 am By Omar Faridi  |  

UK-based JudoPay, a mobile-first payment platform, has confirmed that it will be taking part in the #KeepBritainMoving initiative, which has been launched in response to the economic uncertainty resulting from the Coronavirus (COVID-19) outbreak. JudoPay is planning to support UK-based SMEs during these challenging times…. Read More

April 7, 2020 @ 7:38 am By Omar Faridi  |  

UK-based banking group NatWest‘s online business services bank, Mettle, will be providing free access to FreeAgent’s cloud-powered accounting software The software should help freelancers, sole traders and small and medium-sized enterprises (SMEs) with handling their accounting work. Companies that sign up to connect their FreeAgent… Read More

March 17, 2020 @ 8:24 am By Omar Faridi  |  

Eden Amirav, CEO at Become (formerly Lending Express), a leading online platform that helps small and medium-sized businesses (SMBs) find and optimize funding solutions, recently shared his views and insights with Crowdfund Insider. Become uses its proprietary technology to assist and nurture businesses throughout the… Read More

February 3, 2020 @ 8:23 am By Omar Faridi  |  

UK-based OakNorth, a digital bank for small and medium-sized companies (SMEs) that offers business and property loans, has confirmed that OIMIO, a commercial real estate SME-focused lender, has established operations in the Netherlands. The lending firm will be launching a supplier’s credit analysis and monitoring… Read More

January 7, 2020 @ 1:32 am By Omar Faridi  |  

New research performed in the UK has revealed that fewer business-to-business (B2B) invoices were paid late in 2019 when compared to 2018. Construction company Kier Construction is among several firms that have benefited from the UK’s efforts to settle payments in a timely manner. The… Read More

December 30, 2019 @ 8:48 am By Omar Faridi  |  

Non-financial firm ride-hailing service provider Grab confirmed on December 29 that it is partnering with one of Singapore’s largest telecommunication companies, Singtel, in order to acquire a digital full bank license in the Asian country. Singapore is currently accepting applications for a licenses to establish… Read More

December 28, 2019 @ 10:01 am By Omar Faridi  |  

India-headquartered Aye Finance has acquired INR 1 billion (over $14 million) in debt funding from BlueOrchard. Aye Finance’s management noted that it will use the capital raised to further expand its line of products and services (in India), which mainly include its small to medium-sized… Read More

December 23, 2019 @ 9:16 am By Omar Faridi  |  

Sweden-headquartered TrueCaller, a company that runs a caller-identification system, is further expanding its financial services business. The firm is piloting a new program to offer credit to small business owners based in India, which reportedly make up around 20 million of the total 140 million… Read More