Tagged: sme’s

Fintech and Insurtech Startups Accelerator F10 Switzerland to Support Sustainable Finance Initiatives

F10 Switzerland has reportedly graduated its second acceleration batch during an online startup event with several well-known attendees from the investor and corporate sector. F10 Switzerland is now accepting applications for its third accelerator – which aims to support sustainable finance and various services for… Read More

Indonesian P2P Lender Amartha Acquires $28M in Capital from Women’s World Banking Capital Partners II, MDI Ventures

Indonesian peer to peer lender Amartha has acquired $28 million (appr. IDR 405 billion) in capital from Women’s World Banking Capital Partners II (WWB) and MDI Ventures. Amartha‘s round also received contributions from existing investors Mandiri Capital Indonesia and UOB Venture Management. WWB Capital Partners… Read More

Fintech Ant Group Affiliate MYbank Is Planning to Expand Operations in China to Serve More Rural SMEs

China-based MYbank, an online private commercial bank and an affiliate of the Ant Group with a special focus on working with rural areas and SMEs, has revealed that it will be doubling the number of rural counties it serves in the coming years. MYbank and… Read More

Bhavik Vasa: CEO at Asian Revenue-based Financing Fintech GetVantage Says Startups Should Focus on Sustainable Growth

We recently caught up with Bhavik Vasa, founder and CEO at GetVantage, which is India and Southeast Asia’s first revenue-based financing Fintech platform. Vasa talked about the different challenges entrepreneurs face as they work on developing new products and services. Vasa explained how GetVantage‘s unique… Read More

Hong Kong based Digital Banking Challenger ZA Bank to Provide SME Loans Up to HKD 18 Million

Hong Kong-based digital banking challenger ZA Bank has revealed that it’s providing a financing guarantee facility of as much as HKD 18 million (appr. $2.32 million). The plan is referred to as the “ZME $18M Loan.” The new product is described as a business revolving… Read More

UK Fintech Cashplus Adds Francesca Shaw, the Former CFO at Hoare & Co., to its Board as Non-Exec Director

UK-based Fintech Cashplus, which recently received approval to become a regulated bank after operating as an e-money institution for many years, has expanded its board by welcoming Francesca Shaw as a non-executive director. Shaw will also serve as Chair of the digital bank’s audit committee… Read More

UK’s MarketFinance Explains how Fintech Ebury Can Help SMEs Deal with Price Hikes from Chinese Suppliers

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes in a blog post that Brexit and the COVID-19 outbreak have had “dramatic effects on the price of shipping.” MarketFinance adds that if your business uses suppliers that are based in other… Read More

London Fintech Paymentsense Reports Many New UK Businesses being Launched in 2020 Following COVID Outbreak

London-based Fintech firm Paymentsense, which helps small businesses take card payments, has published a 2021 UK job market report that covers how the COVID-19 outbreak has led to new business growth. During the past year, UK residents have beeen investing in their “ambitions,” by launching… Read More

UK SMEs to Spend Nearly £100K to Expand Operations in 2021, Small Businesses Showing Recovery Signs after COVID: Report

Research from Aldermore bank suggests that there are some signs of recovery for SMEs, as they announce plans to make investments in their businesses in the coming year, a move that has come after the easing of nationwide lockdowns in the UK. SMEs intend to… Read More

Lithuanian Financing Platform Debitum Reports that Recent Deposits were Not Converting Well into Investments

Lithuania-based Debitum, which offers borderless small business financing, reveals that March 2021 was a “challenging” month for the platform but the team still reportedly managed to achieve several key milestones. Debitum writes in a blog post update that at the end of March 2021, the… Read More

London based Fintech Tide Reveals that UK Remains Popular Destination for EU Company Founders

The United Kingdom remains a popular destination for EU-based company founders, according to a blog post recently published by UK-based challenger bank Tide. Brexit might have “severed” the UK’s political ties to the continent, however, it does not appear to have negatively impacted the UK’s… Read More

European Online Lender October to Issue Instant €15-€30K Loans with New Credit Scoring Model, Kea

European online lender  October says its always looking for and finding ways to empower businesses by simplifying and “democratizing” their funding. Since 2014, October has been helping SMEs in five different countries, becoming one of the leading small business lending platforms in Europe. October confirms… Read More

Safenetpay, an E-Money Institution Authorized by UK FCA, Partners with Payments Specialist Banking Circle

One-stop business payment solution provider, Safenetpay, has partnered with payments specialist, Banking Circle, to enhance its international payment offering. By utilizing Banking Circle’s multi-currency accounts, SEPA and SWIFT transactions solutions and foreign exchange (FX) capabilities, Safenetpay’s business clients will be able to “access additional currencies,… Read More

OakNorth Reportedly Entered into Deals with Capital One, Fifth Third Bank

OakNorth has reportedly entered into software deals with US banking institutions Capital One and Fifth Third, according to a report from BI. OakNorth has managed to onboard two new clients for its credit intelligence product offering. Capital One and Fifth Third Bank will be using… Read More

Maybank SME Digital Financing has Provided RM1 Billion or $240 Million in Financing, Serving Over 8200 Malaysian SMEs

Just six months into its launch, Maybank SME Digital Financing has reportedly cleared RM1 billion (appr. $240 million) worth of financing, serving over 8,200 SMEs, of which around 85% or 6,950 are startups and micro-enterprises based in Malaysia. Maybank stated that all applications that were… Read More

Australian Banking Challenger Judo Bank Shares Top Factors SMEs Need their Banking Service Providers to Deliver

Australia-based banking challenger Judo Bank has released an SME Banking Insights report for February 2021. The extensive report notes that the Australian small to medium-sized enterprises (SME) segment remains the “largest battleground for revenue, profit and growth.” The report adds that this particular segment is… Read More

Digital Banking: Co-founder of Germany’s Penta Bank Launches Relio Virtual Banking Solution for Swiss SMEs

Co-founder of Germany-based virtual bank Penta has introduced an initiative, known as Relio, which aims to focus on serving Swiss small and medium-sized businesses (SMEs). Relio has been launched because digital banking platforms that exist today are not meeting the unique requirements of smaller businesses…. Read More

Lithuania’s Debitum, which Offers Borderless SME Financing, Reveals its Portfolio has Crossed €4M Mark

Lithuania-based Debitum, which offers borderless small business financing, recently revealed that it’s pleased to confirm that its users “trust” the platform. Debitum also announced on March 29, 2021, that they’ve crossed the 4 million euros mark in their portfolio. The platform’s management acknowledged that “without… Read More

European Fintech iwoca Releases New Index on the SME Lending Landscape

European Fintech firm iwoca has released a new index on the SME lending landscape. As noted in a blog post by iwoca, the company’s “SME Expert Index” is described as “an exclusive” index that includes UK brokers which “gives specialist insight on the health of… Read More

Ireland’s P2P Lender Linked Finance Reports Issuing €7M in Loans via Government’s Credit Guarantee Scheme

Ireland’s P2P lending platform, Linked Finance, recently welcomed the government’s extension of its €2 billion credit guarantee scheme. The Linked Finance team also confirmed that it has issued €7 million in loans through the scheme (to date). Linked Finance is proud to have provided over… Read More

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