Tagged: sme’s

October 30, 2022 @ 11:25 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), which claims to be a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced its partnership with Ashman Bank, a new entrant bank with plans “to transform the banking experience for UK property SMEs, a… Read More

October 29, 2022 @ 11:28 am By Omar Faridi  |  

With inflation hovering at a 40-year high, “managing day to day cash flow has become the primary reason for small business applications for finance,” according to iwoca’s latest SME Expert Index. The survey of brokers has “revealed that managing cash flow is the most common… Read More

October 26, 2022 @ 7:51 am By Omar Faridi  |  

Klarna Kosma, Klarna‘s financial technology platform for banks, Fintechs, and innovative retailers, announced that its partnership with Krea, a digital loans platform for Small and Medium-sized businesses (SMEs) in Sweden “has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower… Read More

October 21, 2022 @ 7:07 pm By Omar Faridi  |  

Uplinq Financial Technologies – which claims to be the first global credit assessment and scoring platform for SMB lenders – announced: “a $1.25 million investment from ATX Venture Partners, an early-stage venture capital firm based in Austin, Texas.” This announcement “comes after Uplinq raised $3.5… Read More

October 20, 2022 @ 3:27 pm By Omar Faridi  |  

UOB (SGX: U11) recently announced the launch of the UOB Sustainability Compass at the Gateway to ASEAN Conference. The Sustainability Compass is a tool that “provides a step-by-step guide for small and medium-sized enterprises (SMEs) to overcome their inertia and kickstart their sustainability journeys.” As… Read More

October 19, 2022 @ 12:41 pm By Omar Faridi  |  

GoCardless, which claims to be a global leader in direct bank payments, has signed Crowdz, the small and mid-sized enterprise (SME) finance platform, “as its latest customer as the company looks to integrate open banking to enhance its ability to drive equitable access to finance… Read More

October 17, 2022 @ 4:58 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is expanding its commitment to small and medium enterprises (SMEs) with a new program in its global startup engagement program, Start Path, “specifically tailored to companies supporting the digital needs of SMEs.” The startups that will be selected for the Start Path… Read More

October 13, 2022 @ 11:22 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) and Fiserv (NASDAQ: FISV), which claims to be a global leader in payments and financial services technology, have launched Vert, which is described as “a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs).” Vert is reportedly… Read More

October 12, 2022 @ 8:37 am By Omar Faridi  |  

Bluevine, which claims to be the leading provider of holistic banking solutions designed for small businesses and Heard, the financial back-office for therapists in private practice, announced a partnership in order “to provide business checking to mental health professionals.” COVID saw “a twenty percent rise… Read More

October 12, 2022 @ 8:11 am By Omar Faridi  |  

MarketFinance, which claims to be one of the leading fintech credit and payments companies, has secured a £30 million credit facility from Viola, the Israeli technology investment group, in order “to expand its B2B Pay Later embedded finance offering for SMEs.” Available in Sterling, US… Read More

October 11, 2022 @ 9:43 pm By Omar Faridi  |  

Zetl and Netbank, (a Rural Bank), inc. have partnered in order “to provide an innovative approach to SME financing in the Philippines.” Under this partnership, Zetl will “identify ‘asset light’ SMEs with a regular and guaranteed income stream, seeking funding.” Netbank will “provide loans to… Read More

October 11, 2022 @ 9:08 pm By Omar Faridi  |  

Mamo, a UAE-based FinTech and financial services platform for SMEs, has been granted regulatory approval “to operate from Dubai International Financial Centre (DIFC), the global financial center  in the MENA and Asia region.” The license has been “granted by the Dubai Financial Services Authority (DFSA),… Read More

October 10, 2022 @ 11:07 pm By Omar Faridi  |  

October, the European Fintech company specializing in SME financing, and Solution Bank, an innovative corporate & investment bank, have “developed a new way of financing SMEs.” Businesses that apply to October for financing will also “have Solution Bank’s resources directly available to them.” The challenger… Read More

October 9, 2022 @ 11:34 pm By Omar Faridi  |  

A new independent survey of more than 2,000 European SMEs has found: 68% plan to adopt real-time payment processing in the next 12 months At present, just 10% of SMEs can receive payments instantly 23% say their international growth has been hindered due to delays… Read More

October 8, 2022 @ 6:23 pm By Omar Faridi  |  

Bizcuit provides invoice financing to Rabobank clients in their need for flexible liquidity. These services are for those who need money quickly to meet their payment obligations in the short term, want to take advantage of a purchasing option with their supplier, or because they… Read More

October 7, 2022 @ 3:07 pm By Omar Faridi  |  

U.S. Bank has announced a new innovative offering “to meet small business owners’ desire for a better line of sight into their future cash flow.” A new online banking tool will “enable the bank’s small business clients to see a 90-day forecast of their cash… Read More

October 5, 2022 @ 11:40 pm By Omar Faridi  |  

Rapid Finance, which claims to be a market leader in helping small businesses find sustainable and customized financing solutions through a fast and simple application process, announced its acquisition of digital lending platform provider, Thrive, at American Banker’s Small Business Banking conference. As part of… Read More

October 4, 2022 @ 1:17 pm By Omar Faridi  |  

Mastercard (NYSE: MA) announced it is bringing added value to U.S. small business cardholders with new and expanded benefits, with “a focus on convenience, efficiency and cyber security, to directly address some of their most pressing wants and needs.” As reported by the SBA, small… Read More

October 4, 2022 @ 10:58 am By JD Alois  |  

DBT, a Swedish online lender serving SMEs, has raised a SEK 3.1 billion (~$285 million) debt facility from UK-based NatWest and Värde Partners, according to a company statement. Värde Partners is a US-based investment firm and currently manages $2 billion of financial services debt and equity… Read More

October 1, 2022 @ 7:23 pm By Omar Faridi  |  

A year after its successful pilot launch, Amazon (NASDAQ: AMZN) announced that it will roll out the Amazon Community Lending program as a long-term offering “to help even more sellers grow.” In partnership with B.S.D. Capital, Inc. dba Lendistry, this program will “continue to support… Read More