Tagged: SME

November 17, 2015 @ 10:32 am By Midori Yoshimura  |  

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

November 15, 2015 @ 1:00 pm By Erin Hobey  |  

  “I think that what OurCrowd and others have done in this space until now has been quite subversive and wonderful and democratic.” OurCrowd, which is run by serial entrepreneur and venture capitalist Jon Medved, has put at least $170 million to work in roughly… Read More

November 6, 2015 @ 10:05 am By Erin Hobey  |  

Andy Murray remains committed to backing British entrepreneurs by making two more investments through the crowdfunding platform Seedrs, according to a release. The two-time Grand Slam winner, current world number two tennis star and Seedrs Advisory Board Member has invested an undisclosed sum in London-based Shavekit and… Read More

November 3, 2015 @ 10:34 am By Erin Hobey  |  

The Centre for Alternative Finance at University of Cambridge Judge Business School and the Polsky Center for Entrepreneurship and Innovation team at Chicago Booth School of Business have joined forces to initiate the  2015 Americas Alternative Finance Benchmarking Survey.  This landmark survey is the first comprehensive and empirical assessment of crowdfunding, peer-to-peer lending (marketplace lending)… Read More

October 27, 2015 @ 11:43 am By Erin Hobey  |  

Fintech companies could provide relief for small to medium-sized enterprises (SMEs) by helping to close a $2 trillion funding gap for SMEs worldwide seeking credit to grow their business, suggests a white paper released by the World Economic Forum’s Global Agenda Council on the Future… Read More

October 21, 2015 @ 9:00 am By Erin Hobey  |  

Creditera has not only launched an enhanced marketplace for small business financing with recommendations based on their credit data and needs, but also a personal and business credit dashboard that guides business owners with personalized action plans. The launch of these features aligns with the company’s… Read More

October 13, 2015 @ 2:22 am By Midori Yoshimura  |  

European small and medium-sized enterprises (SMEs) have access to nearly twice the amount of funding as their U.S. counterparts, yet bank loans remain the most common form of SME finance in Europe, according to a recent press release. This leaves huge scope for small businesses… Read More

October 7, 2015 @ 11:02 am By Erin Hobey  |  

In the days since the 27 September vote, Catalonia’s call for independence and regional election results have reignited debates against the Spanish government’s longstanding refusal to allow an independence referendum.   There has also been a call for freedom in finance, specifically a call for… Read More

October 7, 2015 @ 8:44 am By Erin Hobey  |  

The newly announced partnership between Finpoint, Leeds City Region Enterprise Partnership (LEP) and PwC allows for the expansion of Pinpoint’s service into the UK. Finpoint has already been supported by 70 lenders across the UK, including among others Loyds Bank, Metro Bank, Funding Circle, FundingKnight and… Read More

October 2, 2015 @ 1:59 am By Midori Yoshimura  |  

Just one year after France passed legislation permitting crowdsourced loans for small businesses, peer-to-peer platform Lendix has become the first to raise €1m in France for a company in a single transaction, according to the Financial Times. €1m, the maximum the new law permits, was raised for… Read More

September 4, 2015 @ 10:53 am By Erin Hobey  |  

The International insurance firm Hiscox has released its seventh annual ‘DNA of an Entrepreneur Report’, with the firm using its global network of 268,000 small businesses in order to calculate entrepreneurship and business innovation within six countries, including the US, UK, Germany, France, Holland and… Read More

August 18, 2015 @ 12:09 pm By Erin Hobey  |  

Capital Match Holdings Pte. Ltd. today announced its S$1 million raise in its Series-A round of venture financing. The round was led by Innosight Ventures and included previous investors Crystal Horse Investments and CE-Tech Invest. The funds will be used for product development, marketing and… Read More

August 13, 2015 @ 2:45 am By Midori Yoshimura  |  

  “Finding the right balance between financial reform and risk prevention will be one of the most important issues of our time,” writes Ruizhe Zhang of Dagong Global Credit Rating Co Ltd, in a recent China Daily op-ed on ECNS. Following the release of Internet finance guidelines… Read More

August 7, 2015 @ 12:49 am By Midori Yoshimura  |  

    Would a “Safe Room,” a storage facility filled with 80 tonnes of silver and a tonne of gold, worth about S$120 million total, increase your confidence about participating in a peer-to-peer loan platform? Silver Bullion, a Singapore-based bullion retailer, is counting on it. The company just launched… Read More

July 28, 2015 @ 10:58 am By Erin Hobey  |  

Mambu, the SaaS banking platform provider, today announced that Reparo Finance, an independently-owned business finance company  specializing in SME business lending, has selected Mambu to launch a new business line offering loans to small-to-midsize enterprises (SMEs) in the UK.  The company chose Mambu’s cloud-based platform… Read More

July 27, 2015 @ 3:35 am By Midori Yoshimura  |  

  Asset-backed finance has been chosen as the next round of lending for the Strategic Banking Corporation of Ireland (SBCI), which was set up in 2014 to offer low-cost loans to lenders, according to a recent story in the Independent. The SBCI, led by Scotsman Nick… Read More

July 23, 2015 @ 10:15 am By Midori Yoshimura  |  

As the founder of Merchant Cash and Capital (MCC), a small business alternative lending company that has also worked with companies from UPS to Pita Pit, Stephen Sheinbaum oversees a company that is using leading technology to change the way small businesses get capital. Prior… Read More

June 1, 2015 @ 9:15 am By Erin Hobey  |  

  “The technology Orchard builds connects hundreds of millions of dollars of institutional capital to a rapidly expanding number of originators across multiple asset classes. This ultimately touches borrowers in an efficient and transparent manner, which truly makes what we do “many to many.” Orchard… Read More

March 30, 2015 @ 11:22 am By Erin Hobey  |  

Having acquired customers across the continent including Ireland, Spain, Belgium, Sweden, Denmark and the UK, the Nordic fintech startup Holvi seeks to make its name better known in the European banking landscape and reshape financial services across Europe by targeting Germany and Austria. “Germany along the… Read More

March 24, 2015 @ 10:09 am By Samantha Hurst  |  

Symbid, one of the first investment crowdfunding platforms worldwide and now The Funding Network, announced a strategic partnership with Economic Board Utrecht (EBU), a Dutch regional economic development group, to support small businesses with over $1 million of funding. The partnership will provide local, sustainable initiatives… Read More