Tagged: sme’s

July 10, 2020 @ 4:44 pm By Omar Faridi  |  

CRIF Realtime, a credit scoring tool provider for small businesses, has teamed up with UK-based Finpoint, a platform that lets borrowers compare different options anonymously and negotiate directly with finance providers. Both companies aim to work cooperatively in order to speed up the process of… Read More

July 8, 2020 @ 7:28 am By Omar Faridi  |  

Trulioo, a provider of global identity verification solutions, revealed on July 8, 2020 that it has developed  new document verification and facial recognition software. The new features will be added to EmbedID, a low-code developer tool that can work with the GlobalGateway API – which… Read More

July 7, 2020 @ 10:20 pm By Omar Faridi  |  

UK-based Alternative Business Funding (ABF), a free and easy-to-use website for finding funding sources for SMEs, has teamed up with LawBite, an online legal platform powering a fully SRA regulated UK law firm that provides various legal services to small businesses. Through the partnership, the… Read More

July 5, 2020 @ 7:17 pm By Omar Faridi  |  

Village Capital helps company founders and business owners through its accelerator program. There are 11 early-stage Fintech firms that will be taking part in Village Capital’s investment-readiness program, called Finance Forward Europe. The initiative is part of Finance Forward, which is a multi-year global coalition… Read More

July 4, 2020 @ 4:34 pm By Omar Faridi  |  

Borrowers that use Indonesia’s peer to peer (P2P) lending platform Investree, which mainly includes local SMEs, had reported a considerable increase in their earnings. They were also able to better scale their business operations after obtaining loans from Investree, according to a recent study conducted… Read More

July 4, 2020 @ 2:51 pm By Omar Faridi  |  

CRIF Realtime, a credit scoring tool for SMEs, has revealed that it has seen a surge in demand for its Open Banking enabled credit assessment software. This, as UK-based SMEs are increasingly looking to acquire capital to maintain operations during the global COVID-19 outbreak. CRIF’s… Read More

July 3, 2020 @ 8:13 am By Omar Faridi  |  

October, a leading European online lender, notes that it was launched after the global financial crisis of 2008-2009 with the goal of providing more financing options or alternatives to European SMEs. The October team wrote in a blog post published on July 1, 2020: “We… Read More

July 2, 2020 @ 11:32 pm By Omar Faridi  |  

The Indian government has been asking local banks to work cooperatively with SMEs by providing much-needed liquidity during the COVID-19 crisis. Several local digital lenders and non-bank finance companies (NBFCs) will be offering credit solutions to Indian businesses. U GRO Capital, a Bombay Stock Exchange… Read More

July 2, 2020 @ 11:29 pm By Omar Faridi  |  

The COVID-19 outbreak has had a negative impact on the economies of countries throughout the world including Asian nations such as Indonesia. PT JULO Teknologi Finansial (JULO), an Indonesian Fintech firm that supports peer to peer (P2P) lending, has introduced several programs that aim to… Read More

July 2, 2020 @ 4:32 pm By Omar Faridi  |  

An International Monetary Fund (IMF) official recently noted that China’s Fintech sector could be “instrumental” in assisting SMEs with acquiring reliable credit. The representative added that reliable loans and funding will play a key part in helping businesses get through the COVID-19 outbreak and resulting… Read More

July 2, 2020 @ 11:42 am By Olivia Halsall  |  

Nth Round, founded in 2018 and based in Philadelphia, is a “comprehensive equity management platform for companies of all stages and sizes” and can enable startups and SMEs to “manage equity, engage shareholders, and facilitate liquidity in an all-in-one secure environment” according to its website…. Read More

July 2, 2020 @ 7:48 am By Omar Faridi  |  

The central bank of the United Arab Emirates (UAE) and the Abu Dhabi Global Market, an international financial center and free zone based on the Al Maryah Island in the nation’s capital, Abu Dhabi, noted on July 1, 2020, that they’re inviting Fintech firms to… Read More

July 1, 2020 @ 8:38 am By Omar Faridi  |  

UK-based Fintech SumUp, a payments service provider, has teamed up with Google in order to enable merchants using Google My Business to add support links to gift cards to their business profile on Google. This latest move aims to support SMBs during COVID-19 and also… Read More

June 30, 2020 @ 10:45 pm By Omar Faridi  |  

UK-based Fintech firms may be forced to shut down due to COVID-19 and resulting socio-economic challenges. Most Fintechs in the UK have reportedly not received the assistance they need from the nation’s government, according to a recent survey published by Innovate Finance. Fintechs with 25… Read More

June 30, 2020 @ 12:57 am By Omar Faridi  |  

Digital technology startups need venture capital or some other type of reliable funding to grow and expand their operations. Several foreign investors have been supporting Indonesian startups which are a critical part of the trillion-dollar economy. Investors have been investing in selected qualified Indonesian start-ups,… Read More

June 29, 2020 @ 9:50 pm By Omar Faridi  |  

UK-based Railsbank, an Open Banking and Regtech solution provider, revealed on June 29, 2020, that it has gained Hong Kong Fintech Statrys as a new client. Statrys offers digital business accounts, advanced payment options, and forex solutions for SMEs based in Asia. It provides convenient… Read More

June 28, 2020 @ 1:54 pm By Omar Faridi  |  

UK’s Funding Xchange (FXE), a Fintech that helps people and organizations find suitable business loans and funding options from its marketplace of more than 45 established lenders, is teaming up with Enterprise Nation, a UK-based community of SMBs and advisers that aim to provide a… Read More

June 24, 2020 @ 11:02 pm By Omar Faridi  |  

Business software provider ScaleFactor is reportedly shutting down, after securing $100 million in capital during the past year from major investors including Bessemer Venture Partners and Coatue Management. In March 2020, the financial services company began experiencing challenges due to the global COVID-19 outbreak, which… Read More

June 21, 2020 @ 5:26 pm By Omar Faridi  |  

Malaysia-based Curlec, a Fintech firm that aims to offer a better way for businesses to collect recurring payments, recently secured funding from 500 Startups, an early-stage VC fund and seed accelerator established in 2010 by entrepreneurs Dave McClure and Christine Tsai. Curlec completed its seed… Read More

June 17, 2020 @ 7:31 pm By Omar Faridi  |  

Mumbai based online lender InCred has reportedly acquired Fintech platform Qbera. The acquisition has come as India struggles to cope with the COVID-19 outbreak and associated challenges. InCred and Qbera haven’t disclosed the amount paid for the transaction, however, sources claim the deal may be… Read More