Tagged: SME

January 3, 2017 @ 7:46 am By Jessica Pham  |  

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

January 3, 2017 @ 7:30 am By Jessica Pham  |  

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

December 15, 2016 @ 3:10 am By Jessica Pham  |  

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

November 17, 2016 @ 8:40 am By Erin Hobey  |  

P2P lending platform ThinCats, which recently passed £200m milestone in loans issued to UK SMEs, has joined become an NACFB patron seeking to provide a direct link with member brokers who demonstrate similar working methods to the ThinCats model.  The move aims to “boost the professionalism of… Read More

November 10, 2016 @ 5:30 pm By Jessica Pham  |  

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

November 8, 2016 @ 9:57 am By Erin Hobey  |  

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

October 25, 2016 @ 8:32 am By Erin Hobey  |  

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

September 13, 2016 @ 8:30 am By Erin Hobey  |  

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

September 6, 2016 @ 3:08 am By Erin Hobey  |  

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

August 25, 2016 @ 11:50 am By Erin Hobey  |  

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

August 23, 2016 @ 4:00 pm By Erin Hobey  |  

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

August 3, 2016 @ 4:19 pm By Samantha Hurst  |  

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

July 20, 2016 @ 10:48 am By Ethan Senturia  |  

As a business owner in the modern era, you are likely well acquainted with the Internet.  You may use it for paying bills, staying in touch, and bragging about those cute babies in your life.  So why not tap into that computer prowess when getting… Read More

July 19, 2016 @ 11:06 am By Erin Hobey  |  

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

July 12, 2016 @ 4:43 pm By Erin Hobey  |  

Small businesses play a large part in the city.  Today marked the launch of For New York, a new online magazine from online lender Bond Street to spotlight the importance of these small businesses by interviewing their founders and owners.  Founded in New York City in 2014, Bond Street has… Read More

June 14, 2016 @ 2:45 pm By Erin Hobey  |  

RateSetter, one of the UK’s largest P2P lenders, has announced its foray into small business loans with the aid of government backing, reported the Financial Times. In preparation for its expansion anticipated by this week’s end, Ratesetters hired a specialist team and built a technology platform to support business… Read More

May 24, 2016 @ 2:25 pm By Erin Hobey  |  

GLI Finance (LSE:GLIF),  an alternative finance platforms investor that provide loans to small and medium sized enterprises (SMEs), has announced that it is giving its shareholders and other eligible investors access to bonds being issued to be used as consideration for an acquisition. The company is making… Read More

May 24, 2016 @ 9:04 am By Samantha Hurst  |  

On Tuesday, Online lender to SMEs, OnDeck (NYSE:ONDK) announced it was expanding lending Canada’s small businesses by including a line of credit up to CAD$50,000 and loan term up to CAD$250,000 to help meet the growing needs of the country’s 1.1 million small businesses. In… Read More

May 5, 2016 @ 11:54 am By Erin Hobey  |  

Online small business lending platforms OnDeck (NYSE: ONDK), Kabbage and CAN Capital – today announced the formation of the “Innovative Lending Platform Association,” which will focus on advancing small business online lending education, advocacy, and best practices.  Together the three founding companies have provided access to… Read More

April 21, 2016 @ 2:23 pm By Samantha Hurst  |  

On Thursday, marketplace lender for small business loans, Bitbond, announced that it has joined the SME Finance Forum. This membership will help the company exchange SME knowledge with other financial institutions.  Bitbond reportedly provides inclusive microfinance on a global scale. It has over 1,200 loans with borrowers… Read More