Tagged: sme’s

January 3, 2023 @ 12:05 pm By Omar Faridi  |  

Small- and medium-sized enterprises (SMEs) and mid-sized companies are the backbone of the global economy, according to an update from the World Economic Forum (WEF). They create “close to 70% of jobs and GDP worldwide.” But, amid warnings of a global recession, research from the… Read More

January 3, 2023 @ 8:33 am By Omar Faridi  |  

When conducting business overseas, companies of all sizes can be hampered by slow payment times, high costs and limited transfer options, according to an update from Paysend. However, these barriers are “particularly cumbersome for SMEs, which have fewer resources in terms of workforce and cash… Read More

December 26, 2022 @ 5:39 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), recently announced the launch of its Cybersecurity Advisory Board (CSAB). Expertise on the CSAB “includes CISOs, cybersecurity visionaries, former military officers, writers, public speakers, and attorneys.” The creation of the board accelerates Cowbell’s… Read More

December 26, 2022 @ 8:39 am By Omar Faridi  |  

Cloudworkz, a B2B, subscription based platform that provides SMEs with in demand human capital, digital marketing and business services, has raised 150% (£827,280.64) of its £550,000 target via Crowdcube (at the time of writing) from 138 investors with 16 days left in the firm’s crowdfunding… Read More

December 24, 2022 @ 9:56 am By Omar Faridi  |  

The latest funding comes from the bank’s largest investor and will be “used to increase loan book and develop new products for SMEs.” Digital SME lender and savings provider Recognise Bank has conditionally “raised a further £25 million in investment from its group’s largest shareholder.”… Read More

December 21, 2022 @ 10:37 pm By Omar Faridi  |  

Global tax software provider Sovos announced that it will be continuously monitoring changes to “provide ongoing updates and advice to help small- and medium-sized businesses navigate the complexities brought on by the combination of IRS rule changes, an increase in budget allocations for tax enforcement… Read More

December 21, 2022 @ 8:57 am By Omar Faridi  |  

LHV UK announced that it will start issuing Small Medium Enterprise (SME) loans as the Financial Conduct Authority (FCA) approved the company’s Annex I financial institution registration, “a prerequisite to issuing loans in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of… Read More

December 19, 2022 @ 10:17 pm By Omar Faridi  |  

Validus announced that it has secured its first tranche of funds in a Series C-1 round with new, key strategic investors NongHyup Financial Group, NorinChukin Bank, Aizawa Asset Management and Lotte F&L Singapore. Validus’ early investors – Vertex Ventures SEA & India, Vertex Growth Fund,… Read More

December 18, 2022 @ 1:43 pm By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announced that Bpifrance, the French public investment bank, is “using Thought Machine’s cloud-native core banking platform, Vault Core.” Bpifrance claims it is “the first bank in France to deploy Thought Machine’s modern cloud-native core banking platform, using Vault… Read More

December 11, 2022 @ 5:22 pm By Omar Faridi  |  

We recently connected with Theresa Le Chief Claims Officer at Cowbell, which claims to be the leader in cyber insurance for small and medium-sized enterprises (SMEs). Cowbell is the provider of cyber insurance for SMEs and the “pioneer” of Adaptive Cyber Insurance. Cowbell reportedly “delivers… Read More

December 11, 2022 @ 3:54 pm By Omar Faridi  |  

With the surging demand of international business travel, global fintech platform Airwallex is partnering with Agoda, a global digital travel platform, “to make travel planning easier for Hong Kong SMEs and startups.” As mentioned in the announcement, Airwallex Hong Kong customers will “be able to… Read More

December 10, 2022 @ 6:32 pm By Omar Faridi  |  

Veem, an accounts receivable (AR) and accounts payable (AP) network for small and medium-sized businesses (SMBs), announced a partnership with Finastra, a global provider of financial services software applications and marketplaces, “to offer business payments via a native integration with Finastra’s Fusion Digital Banking Platform.”… Read More

December 2, 2022 @ 10:08 am By Omar Faridi  |  

Decimal, a Fintech company offering bookkeeping and accounting operations for small and medium-sized businesses (SMBs),  announced it “has acquired the cloud-based bookkeeping service and certain other assets of KPMG Spark, owned by Big Four tax, accounting and advisory firm KPMG LLP.” Financial terms “were not… Read More

November 23, 2022 @ 3:15 pm By Omar Faridi  |  

A recent study by global fintech platform Airwallex revealed that small and medium-sized enterprise (SME) businesses in the U.S. “plan to expand in 2023.” While the pandemic and uncertain market conditions have impacted many businesses this year, a vast majority of SMEs (82%) still “plan… Read More

November 23, 2022 @ 8:01 am By Omar Faridi  |  

Hydr, which creates software to enable invoice finance at scale for SMEs, optimizing cash flow, fueling growth, has secured 95% (£332,826) of its £350,001 target via Seedrs with 29 days left in the firm’s crowdfunding campaign (with 31 investors so far making contributions to the… Read More

November 19, 2022 @ 12:26 pm By Omar Faridi  |  

Global fintech platform Airwallex announced that UK-based small and medium-sized enterprises (SMEs) remain optimistic about international expansion next year, “with almost three-quarters (70%) planning to expand into, or further into, foreign markets in 2023.” The independent research, which surveyed 500 UK SME decision makers in… Read More

November 16, 2022 @ 12:00 pm By Omar Faridi  |  

American Express (NYSE: AXP) announced that it has partnered with TikTok “to launch the #ShopSmall Accelerator, a new program to help small business owners reach a new generation of shoppers on Small Business Saturday, which is on November 26, 2022, and runs throughout the holiday… Read More

November 9, 2022 @ 10:17 pm By Omar Faridi  |  

BankiFi, a provider of embedded banking solutions, has partnered with MX Technologies, Inc., a key player focused on open finance, “to enable secure data sharing and account connectivity for businesses using BankiFi’s platform.” Through this collaboration, financial institutions will be able “to leverage MX’s open… Read More

November 8, 2022 @ 10:47 pm By Omar Faridi  |  

The strategic collaboration between Odoo and Aramco outlines the long-term goals between the two companies “in line with Saudi Arabia’s Vision 2030.” Small and medium-sized enterprises (SMEs) are “among the most significant drivers of economic growth and an important area of focus of the Saudi… Read More

November 2, 2022 @ 8:34 am By Omar Faridi  |  

Amazon (NASDAQ: AMZN) launched a new financing solution, a merchant cash advance, provided by Parafin–a U.S.-based provider of growth capital for sellers. This secure financing option “ties payment on the cash advance to a portion of sellers’ future sales for a fixed capital fee and… Read More