December 10, 2018 @ 9:39 am By Samantha Hurst  |  

Tide, a UK-based SME challenger banking, announced on Monday it has claimed one percent of the UK SME banking market just two years after it first started operations. The company reported that by the end of 2018, 56,000 of a total of 5.6 million UK… Read More

November 27, 2018 @ 7:21 am By Erin Hobey  |  

Business finance marketplace Funding Options will soon be part of Starling Bank’s in-app marketplace for small businesses. Funding Options helps small businesses source alternative funding options from as little as £1,000 up to £10 million. “We are excited that through this partnership we will be able to offer small businesses the efficiency, flexibility, support and security to help… Read More

November 20, 2018 @ 6:40 am By Erin Hobey  |  

Kabbage, Inc., the Atlanta-based global financial services, tech and data platform serving small businesses, released new data showing that the last three months of the calendar year cause the greatest fluctuation in cash flow among small businesses. Polling 300 U.S. small businesses, the survey found… Read More

October 25, 2018 @ 9:08 am By Erin Hobey  |  

Kabbage, Inc., a global financial services, technology and data platform serving SMEs, is now extending access to more than $10 million per day to small businesses via its automated lending platform. The milestone is underscored by the addition of nearly 30,000 new customers in 2018,… Read More

September 5, 2018 @ 3:54 pm By Samantha Hurst  |  

CAN Capital, an online lender in the SME lending space, announced on Wednesday it has agreed to a financing transaction of up to $287 million to enhance its capital capacity with Varadero Capital, L.P., a New York-based alternative asset manager. This news comes just a couple… Read More

July 26, 2018 @ 7:09 am By Erin Hobey  |  

Crossflow, a working capital marketplace for corporates and their supply chains, announced positive annual results. Launched in 2014, the Brexit neutral platform (Crossflow is domiciled in the Republic of Ireland) aims to allow financial institutions to cost-effectively finance corporates and suppliers in a click. Crossflow, a member… Read More

June 28, 2018 @ 8:00 am By Erin Hobey  |  

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, reports its 145,000-plus small business customers accessed over 300,000 loans during non-banking hours, reaching a record total of more than $1 billion in funding. In total, Kabbage has now provided access to… Read More

June 21, 2018 @ 3:33 am By Erin Hobey  |  

Kabbage, Inc., a global financial services, technology and data platform serving small businesses headquartered in Atlanta, released survey data that uncovers insights from 500 established small businesses and the key moments that triggered their growth. The results offer entrepreneurs applicable lessons from experienced business owners… Read More

May 8, 2018 @ 11:47 am By Erin Hobey  |  

OpenPort, a multinational digital logistics platform that uses blockchain technology to transform domestic distribution in emerging markets, has partnered with Acudeen Technologies, the P2P platform enabling SMEs to access financing. “High capital requirements, cash flow problems, and a lack of visibility are just some of… Read More

April 19, 2018 @ 12:43 pm By Erin Hobey  |  

Swedish fintech platform iZettle has made good on its promise to grow and innovate.  Last year the platform secured €60 million funding round, which consisted of equity from existing investors in a Series D extension as well as debt funding from Victory Park Capital through its… Read More

April 9, 2018 @ 12:51 pm By Erin Hobey  |  

Online lender Lendio has reportedly facilitated nearly $60 million in loans through its lender turndown program. Lendio’s lender turndown program allows lending partners to offer a marketplace of loan options to customers that do not fit the lender’s credit box; this allows lenders to turn a… Read More

April 3, 2018 @ 12:41 pm By Erin Hobey  |  

Funding Circle, a leading small business loans platform, has expanded its U.S. operations with a second office in Denver, Colorado. With the move Funding Circle will look to hire around 290 new employees in the Denverarea over the next two years to support the company’s… Read More

March 29, 2018 @ 11:32 am By Erin Hobey  |  

Starling Bank, after recently being voted the Best British Bank, has reportedly become the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK. Starling’s app aims to allow small business owners to open an account in less than… Read More

March 29, 2018 @ 7:28 am By JD Alois  |  

Spotcap, an SME focused online lender based in Berlin, recently held a roundtable on the future of finance. Individuals from prominent firms joined with the Fintech lender to assess progress made so far. Representatives from Deutsche Bank, Figo, GP Bullhound, McKinsey along with Spotcap debated… Read More

March 28, 2018 @ 2:36 pm By Erin Hobey  |  

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, analyzed the lending behavior of nearly 150,000 small businesses — sourcing its own customers — noting a steadily increasing growth in mobile lending. The total number of loans accessed through mobile increased… Read More

March 6, 2018 @ 8:01 am By JD Alois  |  

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

March 1, 2018 @ 10:57 am By Erin Hobey  |  

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

February 27, 2018 @ 5:24 pm By JD Alois  |  

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

February 26, 2018 @ 4:43 pm By JD Alois  |  

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

February 6, 2018 @ 11:37 am By Samantha Hurst  |  

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