Tagged: SME

CAN Capital Announces New Facility of Up to $287Million to Enhance Capital Capacity With Alternative Asset Manager Varadero Capital

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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

Crossflow CEO Tony Duggan Shares Exclusive Update: Successful Annual Results, Live Series A Round & Continued Plans for Growth

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

Kabbage Across America: Providing More than $5B in Funding to SMEs

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

Kabbage Survey Says: Most Successful SMB Owners Turn Profit within First Four Years of Business

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

OpenPort Partners with Acudeen Technologies: Utilizing Blockchain to Connect SMEs with Funding

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

Swedish Fintech Update: iZettle Introduces E-Commerce Marketplace Targeting SMEs & Qapital Nabs $30M in New Funding

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

Lendio’s Lender Turndown Program Has Provided $60M to SMEs

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

Funding Circle Expands US Ops into Rocky Mountain State, Poised for Mile High Growth

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

UK Mobile-Only Starling Bank Adds SME Business Accounts & No Fee Perks

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

Spotcap Roundtable: Customers Expect More as Fintech Boosts User Expectations

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

Kabbage CRO Victoria Treyger Shares Insight & Lending Update: 17% of SME Loans Are Mobile

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

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

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