Tagged: sme’s

Big Ticket Borrowing: Midsized Companies Turn to Marketplace Lending at Lendix & Creditshelf

At the onset of the marketplace lending market, lending to businesses was equated with lending to small and very small businesses: businesses at the low end of the small and medium-size enterprise (SME) market who were borrowing on average under €100,000.  However, as the alternative lending… Read More

LendingCrowd Launches Innovative Finance ISA

LendingCrowd, one of the UK’s fastest-growing alternative finance lenders to the SME market, announced on Thursday it launched one of the first Innovative Finance ISAs (IFISAs) by a peer-to-peer lender with a target rate of return of 6% a year. The online lender revealed that with… Read More

Royal Bank of Scotland’s NatWest Announces Digital SME Lending Platform Debut

Royal Bank of Scotland’s NatWest announced it is set to launch its very own digital SME lending platform called Esme. The new platform is notably set to offer new and existing NatWest customers with unsecured loans that are worth up to £150,000 for a maximum… Read More

Monetary Authority of Singapore Relaxes Some Rules to Improve Financing of SMEs

The Monetary Authority of Singapore (MAS) has announced regulatory changes to boost the resilience of finance companies and enhance their ability to provide financing to small and medium-sized enterprises (SMEs). The financial regulator said that some finance companies fill an important niche in providing access… Read More

Africa Courier Express Founders Launch New Finance Services Platform Lidya

Lidya, an online financial services platform, officially went live on Monday and is now issuing loans to SMEs. The new website was created by the founders of Africa Courier Express (ACE), Tunde Kehinde and Ercin Eksin. The founders of Lidya revealed its first product is a… Read More

FundedHere’s CEO Lauds Singapore’s Securities-Based Crowdfunding Approach

On Wednesday (June 8), the Monetary Authority of Singapore (MAS) announced it is revamping the country’s crowdfunding industry by offering new ways for small and medium enterprises (SMEs) to gain access to funds through securities-based crowdfunding (SCF) platforms easier. MAS stated in a press release it… Read More

OnDeck Expands Lending Options for Small Businesses in Canada By Introducing New Line of Credit & Loan Terms

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

Brief: CoAssets Hosts Inaugural SME CORE Event

This week, Singapore-based crowdfunding platform, CoAssets, hosted its first annual SME CORE (Capitalising Opportunities & Realising Expectations). This event aims to provide SMEs with perspective, business solutions and information from public and private sectors.   Topics discussed included the following: SME Financing and Support, Leveraging Human Resources and… Read More

Mirador Completes Series A: Core Innovation Capital, Nyca Partners & Jump Capital Lead $7M Round

Just over a year after securing a $2M seed round, Mirador today announced that the completion of a Series A round of financing. The $7 million investment was led by Core Innovation Capital, with participation from Nyca Partners and Jump Capital. Initial seed investors Collaborative Fund, Wicklow… Read More

Brief: Assiteca Crowd Launches “Startup Showcase” to Tap into Italian Startups and SMEs

Milan-based Assiteca Crowd, one of the first platforms equity crowdfunding authorized by Consob, launched “Assiteca Crowd Startup Showcase,” a contest offering startups and innovative SMEs the opportunity to finance itself on the platform also receiving assistance with accompanying free path.  The crowd will help determine the… Read More

Brief: Platform Black Hits £100M Funding Milestone in Invoices for UK SMEs

This week, Platform Black announced it has funded over £100 million in invoices for UK SMEs. The provider of alternative finance has reached this milestone in just three years since the company’s inception, an achievement which highlights the soaring demand from UK businesses for access to… Read More

Capify: AUSvance Rebrands, Forms Partnership with Alibaba.com, Lends Capital to Australian SMEs

Capify, formerly AUSvance, will serve as an international conglomerate provider of unsecured alternative finance solutions to SMEs. Capify,  powered by a proprietary technology and analytics platform, today announced its global rebrand aiming to become the most diverse, worldwide alternative SME financing platform. Headquartered in the… Read More

Lord Young Publishes Report on Growing Business in UK, includes Crowdfunding & Peer to Peer Lending

Vocal British business advocate Lord Young has published another report championing the cause of business and more specifically the importance of small businesses. Lord Young has been involved in several successful businesses and held multiple government positions where he has tirelessly promoted the importance of… Read More