Tagged: SME

NextSeed is a Bank Loan Alternative Helping Entrepreneurs Raise the Money They Need to Succeed

NextSeed is one of a handful of FINRA approved Reg CF crowdfunding portals that is successfully providing access to growth capital for small businesses across the US. It is the only platform in operation that focuses solely on debt financing as most other platforms are… Read More

Buzzing Along! Sancus Announces £17.5M Drawdown on New Honeycomb Facility

Sancus BMS Group,  part of GLI Finance which includes Sancus Finance (formerly Platform Black)and Sancus Finance (formally FundingKnight), announced its first significant drawdown of £17.5 million on its new facility with Honeycomb Investment Trust plc to expand its property-backed lending activities. The provision of the £50 million accordion… Read More

FinTech Australia, Australian Small Business & Family Enterprise Ombudsman, and theBankDoctor Join in Report on Transparency and Disclosure by Fintech Lenders

Three Australian groups have joined together to produce a report that outlines the steps taken by Fintech lenders to boost both transparency and disclosure. FinTech Australia, the Australian Small Business and Family Enterprise Ombudsman, and theBankDoctor published a report today that reviews Fintech lending to… Read More

European Commission Seeks to Better Define SMEs

The European Commission has launched a consultation as to how to better define a Small and Mid-sized Enterprise – commonly referenced as an SME. This definition is important as it can be used as a basis for policy decisions.  SMEs are the engines of economic… Read More

creditshelf to Now Offer Loans With Terms Up to Five Years; Maximum Loan Size Will Be Doubled

On Tuesday, German marketplace lender for SMEs, creditshelf, announced it is extending the maximum term of its arranged loans from 36 to 60 months. The online lending platform also reported that the maximum loan amount will double from previous €2.5 million to €5 million with… Read More

Attention Larger Businesses: Kabbage Ups Credit Line to $250K

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, now offers lines of credit of up to $250,000. The expanded Kabbage product aims to provide larger businesses with greater purchasing power for longer-term investments. $250,000 is reportedly the largest credit line… Read More

Lendingkart Hauls in $3.8M in Debt Funding with Plans for Future Growth

Ahmedabad-based SME lending startup and Digital Lenders Association of India member Lendingkart Finance has secured $3.8 M (INR 25 Cr) in debt from the State Bank of India according to multiple news sources, just three months after hauling in $10.9M (INR 70 Cr) in funding round led… Read More

LoanBook Shares Latest Milestone; One Day Remains on Crowdcube Equity Crowdfunding Campaign

LoanBook, a Spanish marketplace lending platform, having easily surpassed its initial £650,000 last week is, is heading toward the home stretch having raised over £721,200 for 6.40% equity with the help of more than 253 Crowdcube investors. £340,000 of this investment sum comes from current shareholders, local Business… Read More

MarketInvoice: Time to Pay Up! Late Payments Equal Undermined Growth

Findings from global research conducted by the business finance company MarketInvoice in November / December 2017 which analyzed 80,904 invoices raised by UK SMEs to a range of businesses across the UK and to 93 countries reveal that 62% of invoices issued by UK SMEs in… Read More

Kabbage Releases Research: On Building Successful Small Businesses

Kabbage Inc., a global financial services, tech and data platform serving small businesses, released new data reporting on the similarities that connect all small business owners (SBOs), including personal sacrifices, professional challenges and growth expectations. Kabbage now has 125,000 small business customers, reportedly the largest customer… Read More

Funding Options Announces Support For FCA’s Plan to Extend Financial Ombudsman Services

Funding Options, a UK-based online marketplace for business finance, announced on Wednesday it is supporting Federal Conduct Authority (FCA) plans to allow more SMEs access to the Financial Ombudsman Service (FOS). Established by Parliament, FOS describes itself as the UK’s official expert in resolving complaints between financial businesses and… Read More

SME Platform Grafter Quickly Overfunds on Crowdcube

Grafter, a platform that connects SMEs with local rated labor, successfully secured its initial £150,000 funding target just days after launching its equity offering on crowdfunding platform Crowdcube. Launched in June 2017 by co-founders Tom Cape and Richard Knight, Grafter manages the search process through booking… Read More

New Milestone: Peer-to-Peer Lender Flender Celebrates First Wave of Successfully Funded SME Loans

The recently launched peer-to-peer lending platform, Flender, announced on Thursday it is celebrating the successful funding of its first batch of SME loans. According to the online lender, companies that received their requested funding include one of Europe’s fastest growing lingerie retailers, a café, and… Read More

Funding Circle Update: £800M Lent in Last 6 Months, Sean Glithero Leaves Auto Trader to Join as CFO

Funding Circle, a leading lending platform for small businesses, today announced that Sean Glithero will join the company as its new global Chief Financial Officer. This appointment follows a record-breaking first half of 2017 for Funding Circle with approximately £800 million lent to 8,000 businesses… Read More

Assetz Capital Reaches 20,000 Investor Milestone; Announces Seven Figure Pre-Tax Profit in 2016/2017 Financial Year

P2P lender Assetz Capital announced on Thursday it not only turned a seven-figure pre-tax profit in the 2016/17 financial year, it has also reached its 20,000 investor milestone. The online lending platform confirmed: “From April 2016 to March 2017, a total of £126 million was… Read More

Nearly 50K Users Strong, Blockchain-Powered Colu Introduces Local Pound Currency

Colu, a blockchain-powered platform for creating digitized, localized currencies, launched its second currency in the UK – the Local Pound, East London. Founded in 2014, Colu’s digital wallet application supports buying local, offering an easy and convenient way to pay instantly from a smartphone while empowering… Read More

Secure Growth: PayU & iwoca Team Up to Provide SMEs Quicker Financing

The international lending firm iwoca and payment service provider PayU launched an innovative collaboration aimed at making it easier for SME entrepreneurs, particularly those in the eCommerce and eService industries, to obtain financing for growth. The new solution enables the entire lending process to take place online,… Read More

CEO Abraham Viktor: Indonesian P2P Lender Taralite’s Multimillion Dollar Funding Round

Indonesian P2P lender Taralite announced that it has a raised a US$6.3 million funding round from Japanese fintech conglomerate SBI Group, the valuation of the round was undisclosed, according to multiple news sources. Begun as as a lending platform that finances celebratory events such as weddings and Hajj… Read More

UAE Invoice Bazaar Receives Guidance & Investment from Shirish Apte

Invoice Bazaar, a UAE Fintech supply chain finance platform announced an investment from Shirish Apte, former CEO and Chairman Asia Pacific of Citigroup. Founded last year in Dubai, Invoice Bazaar has now expanded into India and Singapore. “Having seen the business model of many FinTech… Read More

Brief: UK P2P Lender Growth Street on the Move with New Cash Flow Tool

Growth Street, an alternative business finance platform, has launched its free “How to Improve Cash Flow” tool. Designed for SME owners, the tool aims to understand the ‘pain points’ for UK SMEs when cash flow becomes an issue while providing insight about how to tackle these cash flow challenges. “We want… Read More