Tagged: SME

September 16, 2023 @ 4:48 pm By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, is allocating a $10 million loan to Uzbekistan’s Ipak Yuli Bank in a bid to bolster the bank’s lending initiatives directed at small and medium enterprises (SMEs), especially those owned by women. The… Read More

February 15, 2022 @ 3:15 pm By Tony Zerucha  |  

Assetz Capital plans to lend £1 billion to homebuilders in 2022 before ramping it up 50 per cent in 2023 to £1.5 billion, the company said this week. The announcement was made by parent company Assetz. The move is designed to stimulate demand amongst SME… Read More

February 5, 2021 @ 10:54 am By Samantha Hurst  |  

Barclays announced on Thursday it has joined forces with UK-based online pension provider Smart Pension to provide its network of 1,100 businesses with access to the Smart Pension platform. “Businesses that sign up through Barclays will be able to offer their employees access to the… Read More

January 25, 2021 @ 12:30 pm By Samantha Hurst  |  

  Southwestern Asian banking group DBS has reportedly launched a digitalized audit confirmation solution for both corporate and SME customers. According to various reports, the solution cuts down on the processing time for audit confirmation requests from compared seven-day industry norm to just under 24… Read More

January 25, 2021 @ 8:36 am By Samantha Hurst  |  

Lendahand, a Netherlands-based for-profit crowdfunding platform for impact investing, announced over the weekend that it has agreed to provide Singapore-based Funding Societies with an up to €5 million debt facility to invest in underserved SMEs, predominantly in Indonesia, but also including Singapore and Malaysia. Lendahand reported… Read More

January 19, 2021 @ 9:52 am By Samantha Hurst  |  

  dLocal, a U.S.-based cross-border payment platform, announced on Tuesday it has formed a new partnership with online lender Dinie to allow global merchants to offer installment payments to their customers in Brazil as a form of small business lending. According to dLocal, this collaboration… Read More

October 23, 2020 @ 2:04 pm By Samantha Hurst  |  

BizCapital, a Brazil-based SME online lending platform, announced on Friday it secured an additional $3 million through its Series B, bringing the investment round’s total amount to $15 million. The new funds come from Netherlands-based social impact investor Oikocredit. As previously reported, BizCapital provides online… Read More

October 19, 2020 @ 2:03 pm By Samantha Hurst  |  

SME funding provider Accelerated Payments  (AP) announced on Monday it secured a €20 million senior debt line from leading asset manager Channel Capital Advisors to expand AP’s receivables financing capability. Founded in 2017, AP provides finance to businesses with an immediate need for working capital… Read More

September 21, 2020 @ 2:45 pm By Samantha Hurst  |  

Marco Financial, a U.S.-based tech-enabled financing platform built for small and medium-sized (SME) Latin American exporters, announced on Monday it raised $26 million in funding and credit. The funding includes an equity round, led by Struck Capital and Antler, as well as a credit facility underwritten by Arcadia… Read More

August 17, 2020 @ 8:07 am By Samantha Hurst  |  

‘ UK-based digital banking group Starling Bank announced on Monday its latest survey reveals four in five (80%) UK SMEs are confident they will recover from the COVID-19 pandemic. The survey, which was conducted with the Great British Entrepreneur Awards (GBEA) was done on more… Read More

July 20, 2020 @ 8:00 am By Samantha Hurst  |  

UK-based challenger bank Tide announced on Monday it has formed a partnership with Mastercard to boost its SME services. Tide reported that through the multi-year collaboration, it will see the provision and implementation of credit functionality as well as payment features into its platform. Speaking… Read More

June 17, 2020 @ 3:11 pm By Samantha Hurst  |  

BizCapital, a Brazil-based SME online lending platform, announced on Wednesday it secured $12 million through its Series B funding round, which was led by German development finance institution DEG, a subsidiary of  KfW Group, Germany’s promotional bank. Along with DEG, MELI Fund, the Corporate Venture Capital… Read More

June 7, 2020 @ 10:07 pm By Samantha Hurst  |  

  Pan-European marketplace for short-term SME property-backed loans EstateGuru is set to close its equity crowdfunding campaign on Seedrs with more than €880,000 raised from nearly 1,100 Seedrs investors. Founded in 2013, EstateGuru claims to be the leading European marketplace for short-term, property-backed loans. The… Read More

April 17, 2020 @ 3:43 pm By JD Alois  |  

SME Marketplace lending platform Funding Circle (LSE:FCH) has been approved by the British Busines Bank as a lender under the  Coronavirus Business Interruption Loan Scheme (CBILS). The online lender becomes one of a handful of Fintechs in the UK facilitating the program. Funding Circle said… Read More

March 11, 2020 @ 10:51 am By Samantha Hurst  |  

Airwallex, an Australia-based fintech company, announced on Tuesday it has formed a new partnership with small business platform Zero to help Airwallex’s small-to-medium business (SMB) customers seamlessly reconcile their domestic and international payments. As previously reported, Airwallex was founded in 2015 and is described as… Read More

March 6, 2020 @ 9:43 am By Samantha Hurst  |  

FinCompare, a Germany-based SME financing specialist, announced on Thursday it €22 million through its Series A funding round. Participants of the round include Speedinvest, ING Ventures, and UNIQA Ventures. International financial investors, including RBI Ventures from Raiffeisen Bank International AG, and private investors Founded in… Read More

March 3, 2020 @ 1:30 pm By Samantha Hurst  |  

October, a leading European online lender, announced on Tuesday it has reached new milestone. The lending platform revealed €400 million has been borrowed by SMEs on the platform to finance more than 800 projects. Ein weiterer Meilenstein in der Geschichte von October: mit dem heutigen… Read More

February 12, 2020 @ 10:01 am By Samantha Hurst  |  

EasyEuro, a France-based fintech startup, announced this week it secured $4 million through its latest investment round, which was led by Shanghai-based Ally Capital, with participation from seed investors SwiftPass, Geoswift, Huashan Capital and Unity Assets. The funds will be used to launch EasyEuro’s neobank… Read More

January 6, 2020 @ 7:42 am By Samantha Hurst  |  

Australian SME challenger bank Judo Bank has formed a partnership with InfraRisk Pty Ltd., a supplier of credit management solutions and a wholly-owned subsidiary of Pintec Technology Holdings Limited, to support its lending business with a smart and highly efficient cloud-based SaaS solution. Judo Bank… Read More

November 14, 2019 @ 3:28 am By JD Alois  |  

SME online lender creditshelf says banks are becoming more skeptical about investing in small businesses in Germany. creditshelf claims that last year only every third company had problems with bank financing, now every second medium-sized company encounters resistance from its house bank. It has been… Read More