Tagged: SME

Funding Circle Receives Additional $100 Million From CIM Through U.S. Business Multi-Year Agreement

SME lender Funding Circle announced on Wednesday that Community Investment Management (CIM), an investment firm focused on marketplace lending, will finance an additional $100 million in loans to businesses originated through Funding Circle in the U.S. According to the online lending platform, the multi-year agreement… Read More

Maven Capital Partners £57.5 Million for the Northern Powerhouse Investment SME Fund

UK-based private equity firm Maven Capital Partners announced on Wednesday it was appointed by the Northern Powerhouse Investment Fund (NPIF) to manage the £57.5 million NPIF Maven Equity Finance fund as part of NPIF’s £400 million of capital available to support growing SMEs.  According to… Read More

The Invest in America Act: Supporting Entrepreneurs & Innovation While Empowering Everyday Americans

  First off, we all owe Tony a debt of gratitude for actually drafting this set of regulations. Legislative drafting is yeoman’s work especially when it comes to tax law. This new legislation solves for two extremely important problems in the U.S. economy and society…. Read More

Update: Fintechers Walnut, Artoo & CreditVidya Comment on Founders of the Union Budget 2017

CEO and founders from India-based fintech platforms Walnut, Artoo and CreditVidya weighed in to comment on yesterday’s Founders of the Union Budget 2017 given by Finance Minister Arun Jaitley, noting its potential impact in increasing access of digital services and  building a more inclusive economy: “The Budget announcements are… Read More

UK Fintecher Platform Black Rebrands as Sancus Finance Limited

UK-headquartered Platform Black Limited announced that it has rebranded as Sancus Finance Limited with immediate effect. The move comes as part of a strategic review of operations by Platform Black’s owners, GLI Finance Limited. The strategic review, designed to simplify GLI’s structure, included a transfer of its holdings… Read More

World Bank Invests in Myanmar’s Financial Inclusion, $100M in Credit

The World Bank established the Financial Sector Development Project to support Myanmar’s SMEs — the latest sign of progress in the country’s economy.  The five-year project includes $100 million in credit, which will be used to allow SMEs increased access to financial services.  The project will… Read More

Fintech Investment in India Picks Up After Demonetization Move

Over 25 startups in the online lending space have rapidly emerged over the past two years, according to TechCircle analysis.  Despite signs that global fintech investment was slowing in 2016, VCCircle‘s analysis for 2017 suggests that such investment may pick up again. Arti Singh and… Read More

AlliedCrowds Prepares for P2P Platform AlliedExchange Launch

London-based AlliedCrowds is preparing to launch its P2P service AlliedExchange soon as it has begun the search for a new Managing Director.  AlliedCrowds/AlliedExchange is backed and funded by FSD Africa, which in turn is backed by the British government. This proposed platform will use P2P lending technology to present… Read More

Financial Stability Board: Fintech Firms Not Posing a Risk to Financial System

Secretary General of the Financial Stability Board (FSB) Svein Andresen announced at a Chatham House conference in London earlier this month that Fintech firms looking to disrupt traditional banking and financial systems are not yet posing an immediate threat, according to Reuters. He noted, however, that the… Read More

Brief: i2B Closes $4M Asset-Based Revolving Line of Credit+ with CFG Merchant Solutions

i2B Capital, a direct financing provider to niche-market financial entrepreneurs, is pleased to announce the closing of a $4 million asset-based revolving line of credit with an accordion to $6 million with CFG Merchant Solutions, a privately owned and operated specialty finance company focused on… Read More

MobiKwik Co-Founder Upasana Taku Comments: No Transaction Fee for Unorganized Retail Merchants ‘Til 2017!

No transaction fees until 2017! The India-based online recharge and mobile wallet company MobiKwik announced that it is waving its per transaction fee for all unorganized retail merchants until December 31 to promote the adoption of e-cash among the local grocery stores, chemists, apparel stores… Read More

Bizfi Survey Says SMEs Tap Alt Fin & Borrow More than in 2015 to Finance Growth & Jobs

The Small Business Growth Survey, which surveyed small businesses from around the country, was conducted by Bizfi, a fintech company with a platform that combines aggregation, funding and a marketplace for small businesses. The purpose of this survey was to gain insight into what small businesses… Read More

Nesta Plans Fintech Challenge Programme, Stresses UK Transparency and Competition

The UK innovation agency Nesta is planning a “multi-million pound” challenge prize programme aimed at encouraging fintech startups to build data-driven comparison tools to support small businesses in selecting financial products and services.The two-year programme is closely allied to a regulatory agenda aimed at enhancing… Read More

Lendingkart Hires Amazon and PayU Execs to Help Instigate Growth in India

Indian SME lender Lendingkart announced new hires plucked from Amazon and PayU India, reported Pymnts.com. Vishal Chopra, a former Amazon India exec, will join Lendingkart’s team as CRO, while Nihit Nirmal, formerly of PayU India, will join as SVP of products. “Lendingkart Group NBFC has emerged as… Read More

Q&A: Kabbage CEO & Co-Founder Rob Frohwein, Originating $2B Loans & Growing

Before founding Kabbage, Rob Frohwein established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. The Villanova law and undergrad alum… Read More

Australia’s ThinCats Teams Up With DomaCom For P2P Loan Deals

Online business marketplace lender ThinCats announced earlier this week that it has partnered with investment platform operator DomaCom for loan deals. This collaboration will reportedly provide a greater scope for exposure to property and loan opportunities. DomaCom, which will soon be considered as a crowdfunding service, announced on Friday… Read More

Fintech Mainstream: BizFi Partners with National Directory of Registered Tax Return Preparers & Professionals

Another indicator that fintech is moving mainstream is the National Directory of Registered Tax Return Preparers & Professionals’ (PTIN) selection of fintech platform Bizfi to provide its tax professionals, accountants, CPAs and their small business clients with access to funding through its aggregation marketplace via a… Read More