Tagged: sme’s

European SME Lender October Reports More Projects Funded Last Year than 2018, 2019, 2020 Combined

Earlier this month, the team at marketplace lender October had shared an open letter with their community. October wrote in its open letter that last year, they had committed to working hard, “with enthusiasm and curiosity.” They had promised to lend more efficiently to businesses,… Read More

MarketFinance Explains Why Investors are Committed to Funding Small Businesses in the United Kingdom

The team at UK’s MarketFinance notes that investors have continued to commit to funding small businesses in the United Kingdom despite “lingering anxieties” over the COVID-19 pandemic, Brexit and various other factors. MarketFinance VP Capital Markets, Marion Delille, has taken a look into just why –… Read More

Fintech Tide Reports that 7% of UK SMEs Choose its Business Financial Platform

Tide, the UK’s business financial platform, reportedly added 100,000 members in 2021, which represents an increase of 30%, “taking the total number of Tide members to almost 400,000.” Tide is now one of the largest providers of banking services to UK SMEs. 2021 saw a… Read More

European Fintech iwoca Shares Survey Results Revealing that Running Costs are Major Concern for Businesses in 2022

European Fintech iwoca notes that as worries or concerns about the economy emerge, almost three in four small business owners are thinking about the potential impact of inflation. iwoca writes in a blog post that businesses are “wary of the impact of this on their… Read More

UK’s ThinCats Explains How it Leverages its Credit Risk Model to Gain Insights into SMEs Operations

Thincats, a UK-based lending platform, explains that their expertise in SME lending is the product of “a detailed manual underwriting process combined with market-leading data.” Because of their sharp focus on mid-sized SMEs, ThinCats claims that they have “continually invested in making sure [they] have… Read More

Overfunding: Bank North, a Fintech enabled Banking Platform, Acquires £1.55M+ from 486 Investors via Crowdcube

Bank North, a Fintech-enabled bank, which will combine cloud-native tech with the trust of face-to-face relationship banking with the “aim of disrupting the £150bn UK SME lending market,” has secured 114% (£1,552,134) of its £1,350,000 target from 486 investors (at the time of writing) with… Read More

Digital Transformation: Visa Shares Suggestions for Small Business Owners Planning to Take Virtual Payments

Freedom, work satisfaction and flexibility are a few of the key reasons that small business owners “take the leap” to pursue their vision, according to an update from Visa (NYSE: V). Rachelle Gonzalez, Founder of Taco Shelly’s in Bethlehem, PA, had reached a key point… Read More

UK Fintech Tide Teams Up with LawBite, an Online Legal Platform, to Offer Fast, Affordable Professional Help

The team at Tide notes that if you starting a company for the first time, then it’s really important to take legal advice so that you can “ensure you are protecting your business from the start.” Tide has partnered with LawBite, the online legal platform,… Read More

European SME Lender October Reveals that Investors are Increasingly Seeking “Safe” Investments

European SME lender October reveals that 2021 was an “intense year” for their platform. October notes that not only was it their best lending year so far on record, with more initiatives financed than the past 3 years combined, but also “the one of multiple… Read More

Funding Societies, an Asian Online Capital Formation Platform, Shares Key Updates from Past Year

Just a year ago, countries all across the globe were rushing to pull down the shutters on their airports and economies took a massive hit, however, today “paints a different picture,” according to an update from Funding Societies. The team at Funding Societies writes in… Read More

Manchester Fintech Hydr Develops Invoice Finance Platform to Integrate with Cloud Accounting Software Firms

  Fintech startup Hydr has developed its proprietary invoice finance platform to integrate with more Cloud accounting software providers such as Sage and QuickBooks. After launching “exclusively” with Xero back in May, the Hydr platform may now be accessed by many more SMEs in the… Read More

Fintech PayFit Is Planning to Introduce More Features to Streamline HR Processes for SMEs After €254M Raise

The team at Payfit, which has recently raised €254M to strengthen their payroll solution for SMEs, notes that as 2021 came to an end, they had taken a look back on the year. PayFit reveals that not only have they grown in size, but they also… Read More

A Clear Divide Exists Between High-Income and Emerging Economies in Attitude Towards AI, World Economic Forum Reports

A recent survey highlights a “clear divide” between high-income and emerging economies in “attitudes” toward artificial intelligence (AI), with “optimism” considerably higher in emerging economies. Those in emerging economies noted that they are “more familiar with AI tools and products than those in developed economies.”… Read More

Visa Explains How a Small Loan to SMBs can Make A Meaningful Impact on Supporting Key Business Operations

Payments giant Visa (NYSE: V) notes that Sara’s Tamales in Portland, Oregon, is a small business built on a “big dream” — one that seemed quite “far-fetched” before owner Sara Rodriguez introduced her very first tamale cart. “When you don’t have the opportunities, the money… Read More

European Lender October Funded a Record 840 Projects in 2021

The CEOs and team at European online lender October have thanked all their retail lenders and institutional investors, as they closed out 2021. The company has been focused on lending everyday to European SMEs. October writes in a blog post that in 2021, platform users… Read More

New Regulations for Banking Institutions in Australia to Increase Financing Costs, as Housing Market Cools Off: Report

Housing markets in Australia began to cool off towards the end of 2021. Updated regulations for banking institutions in the country should “increase the cost of, and reduce the access to financing,” according to an update from Judo Bank. This should see house prices in… Read More

UK’s MarketFinance Lent Over Half a Billion Pounds via Invoice Finance, Business Loans, Flex Loan Products

Anil Stocker, CEO at UK-based MarketFinance, a leading online lender that raised £280 million in debt and equity (earlier this year) and was approved for flex loans, notes that for most businesses in the United Kingdom, 2021 presented both opportunities and challenges (and that was… Read More

Investree and Netbank to Increase Support for SMEs in the Philippines

Investree reveals that it has strengthened its commitment to support the development of SMEs across the Philippines by working cooperatively with Netbank, a banking as a service platform in the Southeast Asian country that offers “low-cost and high-quality banking services.” Via the collaboration, Netbank allocated… Read More

NEXT Insurance Reveals that Retail Small Businesses Are Struggling to Cope with Supply Chain Challenges: Survey

NEXT Insurance, the digital Insurtech transforming small business insurance, recently revealed the results of a survey of small business owners regarding their attitudes towards and “experiences with the current supply chain crisis.” NEXT Insurance’s survey found retailers have been “hit hardest: 73% of retail small… Read More

Ascendus Chooses Scienaptic Platform for AI-enhanced Credit Underwriting To Support SME Lending

AI-enhanced credit decision platform provider, Scienaptic AI announced that Ascendus has selected its AI-powered underwriting platform to augment its lending process and “make advanced loan decisions for small and medium sized businesses.” As mentioned in the announcement, Ascendus is a New York-headquartered online business lender… Read More

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