Tagged: sme’s

Mastercard Strive Provides Nearly $2M in Grants to Innovative Organizations Supporting Small Businesses

The Mastercard Center for Inclusive Growth announced the newest grant recipients of the Mastercard Strive Innovation Fund, with nearly $2 million in grants distributed globally. Mastercard Strive supports early-stage solutions “with the potential to drive outsized impact for small businesses in the categories of sustainability,… Read More

Digital Banking: Brazil’s Nubank Announces Expansion of Caixinhas or Money Boxes for Business Account Clients

Nubank (NYSE:NU), one of the largest digital financial services platforms, announces the expansion of Caixinhas (Money Boxes) for business account customers. Launched in July 2022 for individual users, the feature “allows financial organization and planning in an uncomplicated, customizable way, with a yield.” The feature… Read More

UK’s Halfords Group Selects Kriya, the Embedded Finance Provider, to Power Payments for Trade Account Clients

Halfords Group PLC, the UK’s largest provider of motoring and cycling products and services has selected Kriya, the embedded finance provider, “to power payments and credit for its trade account customers.” Under the partnership Kriya will “embed its financial tools across Halfords stores, customer teams,… Read More

Bitpanda Business Is Supporting Firms Operating in Real Estate and Finance Sectors

This year, Bitpanda Business claims that it has distinguished itself “as an essential platform for companies stepping into the world of digital investment.” With a 27% increase in the number of business clients using their services, Bitpanda has reportedly enabled “a diverse range of companies,… Read More

Digital Banking: Nubank Introduces Limit Transfer between Personal and Business Cards

Nubank (NYSE:NU) has just launched a tool to make the lives of its over 3 million SME account holders even easier. Gradually, Nu’s business customers will “be able to transfer the limit of their personal credit card to their business card.” This innovative feature allows… Read More

Mantvydas Štareika, CEO of CapitalBox: Fintech Veteran Comments on Underbanking Crisis and Obstacles Faced by SMEs

We recently spoke with Mantvydas Štareika, the digital financial services professional and CEO of CapitalBox. This company, which Štareika joined in the last quarter of 2022, is one of the European fintech lenders that provides the EU’s startup ecosystem with timely, trusted, and specifically tailored… Read More

British Business Bank Introduces £130M Investment Fund for Wales to Help SMBs

The British Business Bank is launching its new £130 million Investment Fund for Wales, unlocking additional funding “to help smaller businesses to prosper and thrive.” The fund will drive sustainable economic growth by “supporting new and growing businesses across the whole of Wales through investment… Read More

UK SMEs Claim to Have Good Understanding of AI but Significant Barriers to Adoption Still Exist – Report

New data from small business lender iwoca reveals that while more than half of SME owners (55%) feel they “have a good understanding of AI, the majority are nervous about how it will impact their business.” The new research of SME owners across the UK… Read More

Global Fintech Adyen Launches Capital for Australia Platform Clients

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, has launched Capital, a product that enables businesses on Adyen for Platforms offer timely access “to funding for their small and medium-sized business (SMB) users in Australia.” Research conducted in partnership with Boston… Read More

SME Lending Platform Funding Circle Teams Up with UK’s Atom Bank

Funding Circle (LSE: FCH), the UK’s SME lending platform, and Atom bank, the UK’s first app-based bank, announce a new lending partnership that “will provide up to c.£150m of funding to small businesses.” Atom bank is a “long-standing” and returning investor in the Funding Circle… Read More

Xero Introduces Tax Manager, Providing Single Place for VAT, Personal Tax, Company Accounts Tax

Xero, the global small business platform, has launched several updates to its practice tools at UK Roadshow, including “a new tax manager feature in Xero HQ, an important feature in its plan to more seamlessly connect Xero Practice Manager (XPM), Xero HQ and Xero Tax.”… Read More

UK’s Alba Bank Adopts nCino Cloud Banking Platform for SME Lending

nCino, Inc. (NASDAQ: NCNO), a key player focused on cloud banking for the global financial services industry, announced that Alba Bank has made a significant step “towards supporting the UK’s small- and medium-sized businesses (SMEs) by adopting the nCino Cloud Banking Platform.” As a secure… Read More

SMEs Show Resilience Despite Persistent Inflation But Rising Interest Rates Pose Challenges – iBanFirst Report

For SMEs, the year 2023 could mark a “turning point.” They have shown resilience “despite persistent inflation and the war in Ukraine, but they are now having to face rising interest rates which is making life tough for them for three reasons,” according to iBanFirst,… Read More

Fintech Enfuce and Funding Circle to Introduce Business Credit Cards for SMBs

Enfuce, a provider of embedded finance solutions, has revealed a new partnership with UK-based small business lending platform Funding Circle (LSE: FCH) to launch its new small business credit card as part of its FlexiPay product. FlexiPay is a revolving line of credit that “helps small… Read More

Digital Banking: AMP to Use Engine by Starling to Launch Virtual Bank for Small Businesses

AMP will be launching a digital bank division built specifically “for the transaction needs of sole traders and small business.” AMP will work with Engine by Starling, the SaaS subsidiary of UK digital bank, Starling Bank Limited, allowing it to leverage: Starling’s ‘Engine’ technology platform,… Read More

British Business Bank Introduces £70M Investment Fund for Northern Ireland

The British Business Bank launches a new £70million commitment to support smaller businesses from all sectors right across Northern Ireland. The Investment Fund for Northern Ireland (IFNI) aims “to drive sustainable economic growth by supporting innovation and creating local opportunities for new and scaling businesses… Read More

UK SMB Owners Unable to Pay Themselves Because of Cash Flow Problems, Report Claims

Ongoing economic challenges have caused two in five (41%) small business owners to sacrifice their salaries, and one in three (34%) to use their personal funds, “to keep their businesses running,” according to new research from global small business platform Xero. The Money Matters report… Read More

High Street Banks Reduce Appetite to Fund UK SMEs, iwoca Research Claims

Over eight in ten SME finance experts (83%) believe that high street banks are reducing their appetite to fund the UK’s 5.5m small and medium-sized businesses, according to iwoca’s latest Q3 2023 SME Expert Index. The analysis shows that “the drop in lending is set… Read More

Fintech Bluevine Launches Business Banking Plan Offering 4.25% APY on Up to $3M in FDIC-Insured Deposits

Bluevine, the digital banking platform specifically designed for small businesses, announced the launch of Bluevine Premier giving business owners the opportunity “to earn 4.25% Annual Percentage Yield (APY) on their Bluevine Business Checking balances up to $3 million, plus 50% off most standard payments fees,… Read More

Funding for US Small Businesses: Bank of America Provides Financing to Veteran Loan Fund

Bank of America (NYSE: BAC) is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses built by former military personnel that “have created or retained more than 3,000 jobs across 37… Read More

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