Tagged: SME

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

September 18, 2019 @ 2:30 pm By Samantha Hurst  |  

Tide, a UK-based SME challenger bank, announced on Wednesday it is set to launch its new paid plan, Tide Plus. According to Tide, Tide Plus is an upgraded account that gives users “additional support” for running their businesses.” According to Tide, the upgraded membership will… Read More

August 29, 2019 @ 8:50 pm By Samantha Hurst  |  

Credijusto, an SME lending platform that is based in Mexico, announced on Thursday it secured $42 million through its Series B funding round, which was led by Point72 Ventures and Goldman Sachs with participation from Thomvest Ventures, Wolfson Group, Third Lake Capital and Argo Ventures,… Read More

July 2, 2019 @ 1:40 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital has successfully surpassed £1.8 million through its equity crowdfunding campaign on Seedrs. The funding round was launched in May and quickly raised its initial £1 million. So far, more than 1,000 investors have contributed to the initiative.  As previously… Read More

June 6, 2019 @ 2:24 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital has reportedly surpassed both bridging and SME lending milestones. According to Bridging and Commercial, the online lender has provided more than £100 million in bridging finance and £50 million in SME funding.  Speaking about the latest milestone, Damien Druce,… Read More

May 9, 2019 @ 7:52 pm By Samantha Hurst  |  

Temenos AG (SIX: TEMN), a Switzerland-based banking software provider, announced on Thursday that Judo Bank (formerly Judo Capital), an Australian SME challenger bank, has gone live in record time with Temenos T24 Transact, Analytics, Financial Crime Mitigation and Channels, a module of Temenos Infinity, running… Read More

May 7, 2019 @ 11:13 am By Samantha Hurst  |  

Esme Loans, the NatWest backed standalone digital lending platform for SMEs, announced last week it has hit £50 million of lending to UK businesses. The online lender reported that it has seen a continued period of strong growth, following an uplift in lending of 337%… Read More

April 24, 2019 @ 11:30 am By Samantha Hurst  |  

Judo Bank (formerly Judo Capital), a SME challenger bank, announced on Wednesday it was granted a full banking license by the  Australian Prudential Regulation Authority (APRA). According to the bank’s Chairman, Peter Hodgson, the full license means Judo will be able to significantly extend the… Read More

April 12, 2019 @ 9:30 am By Samantha Hurst  |  

Zurich Insurance Group (VTX:ZURN), one of the largest global insurance companies, and CoverWallet, the tech company that is the easiest way to understand, buy, and manage business insurance online, announced earlier this week they have teamed up to launch an online platform for SME insurance in… Read More

March 27, 2019 @ 2:35 pm By Samantha Hurst  |  

Qupital, a Hong Kong-based trade finance platform, announced on Wednesday it secured $15 million through its Series A investment round, which was led by CreditEase FinTech Investment Fund (CEFIF) with additional capital injections from the Alibaba Hong Kong Entrepreneurs fund and MindWorks Ventures. Qupital reported that it… Read More

March 14, 2019 @ 8:45 am By Samantha Hurst  |  

Standard Chartered announced on Thursday it is set to launch an open platform for Small and Medium Enterprises (SMEs) in India to provide access to a range of financial and business solutions. Standard Chartered reported that this is one of the disruptive business ventures being… Read More

February 10, 2019 @ 5:10 pm By Samantha Hurst  |  

Peer to peer lender Beehive announced on Saturday it has formed a partnership with Thanachart Bank to launch a new SME value chain financing program in Asia. Beehive reported this was its first bank collaboration in Asia and the digitalized supply chain will provide improved liquidity… Read More

January 16, 2019 @ 12:26 pm By Samantha Hurst  |  

creditshelf AG, a digital SME financing lender in Germany, announced on Tuesday it has appointed Dr. Gregor Heinrich as Chief Technology Officer. According to creditshelf, Dr. Gregor Heinrich has more than 10 years’ experience as a CTO, with most recently at Stonebranch, a mid-size provider of… Read More

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