Tagged: sme’s

November 11, 2020 @ 9:30 pm By Omar Faridi  |  

Ride-hailing service Grab, which has diversified its business and includes Grab Financial Services, has reportedly led a $100 million Series B investment round in Indonesia-based e-money institution LinkAja. LinkAja’s digital wallet and merchant services businesses are notably the flagship product of PT Fintek Karya Nusantara… Read More

November 10, 2020 @ 11:34 pm By Omar Faridi  |  

Logiq, Inc., a multinational provider of digital commerce and Fintech solutions, has been chosen to offer mobile micro-lending services to 48 million Indonesian residents. The loan services will be provided through a partnership between Logiq and Koperasi Mona Santoso Berjaya (KMSB), which is Indonesia’s social… Read More

November 9, 2020 @ 5:42 pm By Omar Faridi  |  

Qatar’s private sector is now ready to work cooperatively with US-based companies and businesses, according to Qatar Development Bank CEO Abdulaziz Bin Nasser Al Khalifa. As previously reported, the Qatar Development Bank (QDB) offers financial services, banking, and loans to support the development of the… Read More

November 9, 2020 @ 10:51 am By Samantha Hurst  |  

Sweep, a UK-based expense and travel management for SMEs, is now seeking £125,000 through its newly launched equity crowdfunding campaign on Seedrs. The launch of the funding round comes just after Sweep received a £456,000 Innovate UK funding grant. Founded in 2017, Sweep states it… Read More

November 8, 2020 @ 6:24 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, has acquired £30 million in capital from British Business Investments. British Business Investments operates as a commercial subsidiary of the British Business Bank. Funding Circle plans to… Read More

November 2, 2020 @ 6:44 pm By Omar Faridi  |  

Hong Kong-based Statrys, a digital payment services provider, has reportedly secured $5 million through an investment round from an angel investor. Established in 2018, Statrys offers digital payment solutions for SMEs and startups. The Fintech firm noted that its platform makes it a lot easier… Read More

November 1, 2020 @ 5:37 pm By Omar Faridi  |  

NerdWallet, a U.S.-based website and app that offers financial guidance to over 160 million consumers each year, has reportedly acquired Fundera, which serves as the “go-to” financial resource for the 28 million SMBs based in the United States. The acquisition will allow NerdWallet to expand… Read More

October 30, 2020 @ 3:35 pm By Omar Faridi  |  

  Payments giant Visa recently published a study on Digital Banking and SMEs in Singapore. According to the report, 88% of Singapore’s SMEs are now considering switching over to an all-digital banking platform. These findings of the study have been released at a time when the… Read More

October 29, 2020 @ 3:43 pm By Omar Faridi  |  

NorthOne, an established digital bank for US-based small businesses, notes that they’ve launched a new desktop mobile banking feature that allows customers to manage their finances on a computer as well as from their mobile devices. NorthOne has partnered with Radius Bank to offer banking… Read More

October 28, 2020 @ 7:53 am By Omar Faridi  |  

Jose Luis Elechiguerra, Head of Client Solutions at BBVA US (NYSE:BBVA), which is originally a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, suggests that banks should “lean on a digital footprint as much as a… Read More

October 27, 2020 @ 11:18 pm By Omar Faridi  |  

Abdulaziz Bin Nasser Al Khalifa, the CEO at Qatar Development Bank (QDB), which offers financial services, banking, and loans to support the development of the nation’s economy, has said that changing mindsets regarding entrepreneurship is “critical to growth.” QDB plans to help both government employees… Read More

October 27, 2020 @ 10:16 pm By Omar Faridi  |  

Singapore-based SeedIn, a peer to peer (P2P) investment platform, has announced that it will be rebranding to BRDGE. The company stated that the new name (BRDGE) aims to better reflect the organization’s mission and objectives. The P2P platform is mainly intended for local SMEs. BRDGE… Read More

October 23, 2020 @ 8:35 pm By Omar Faridi  |  

Melbourne-based Archa, a company providing a corporate credit card that’s “built around your business, keeping you in control,” has revealed that it was granted principal issuing membership of Mastercard. The Archa team notes: “This is a significant, mission-critical milestone for us as we continue to… Read More

October 23, 2020 @ 8:50 am By Omar Faridi  |  

The COVID-19 pandemic has negatively impacted the operations of small businesses across the globe. European SMEs are the lifeblood of the region’s economy and a recent report claims that nearly half of these companies might shut down within the next 12 months. According to research… Read More

October 15, 2020 @ 4:28 pm By Omar Faridi  |  

Australia-based SME challenger bank Judo Bank has chosen nCino (NASDAQ: NCNO) to help streamline its lending processes. Judo Bank will be using nCino’s Cloud-powered platform to enhance its services which are mainly intended for small businesses. nCino, Inc. is an established cloud banking and digital… Read More

October 12, 2020 @ 8:05 am By Omar Faridi  |  

CAPX, a Los Angeles based financial services firm, has published a report which notes that middle-market firms (businesses with anywhere between 100 to 2,000 employees, or with $10 million to $500 million in annual revenue) have been experiencing certain challenges when trying to gain access… Read More

October 9, 2020 @ 9:50 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, notes that the Coronavirus Business Interruption Loan Scheme (CBILS) was originally scheduled to end on September 30, 2020. But the UK government has confirmed that the CBILS… Read More

October 9, 2020 @ 7:20 am By Omar Faridi  |  

October, a top European online lender, recently raised €258 million to lend to European SMEs. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. The lending platforms management noted in a blog post that its lenders… Read More

October 1, 2020 @ 7:44 am By Omar Faridi  |  

David Goldin, CEO and founder at Capify, a small business lender backed by Goldman Sachs (NYSE:GS), believes that the demand for new loans will rise again after the Australian government announced changes to lending laws and requirements. Capify confirmed that it will start issuing more… Read More

September 26, 2020 @ 8:59 am By Omar Faridi  |  

Trulioo, an on-demand global identity verification company, has been recognized on The Globe and Mail’s second-annual ranking of Canada’s 2020 Top Growing Companies – which ranks companies based on their three-year revenue growth. As mentioned in a release shared with CI, Trulioo recorded three-year growth… Read More