Tagged: sme’s

July 21, 2020 @ 9:00 pm By Omar Faridi  |  

Shaw & Co, a corporate finance advisory company, will be providing a free of cost online credit suitability check software program for businesses, so that they can determine whether they need and qualify for working capital funding during the COVID-19 crisis. Shaw & Co’s cashflow… Read More

July 21, 2020 @ 8:00 am By Omar Faridi  |  

Bolsas y Mercados Españoles (BME), a Spanish company that addresses the organizational aspects of Spain’s stock exchanges and financial markets (including stock exchanges in Madrid, Barcelona, Bilbao, and Valencia), has reportedly teamed up with Barcelona Tech City in order to establish a new Fintech hub…. Read More

July 21, 2020 @ 7:51 am By Omar Faridi  |  

The European Commission (EC), the executive branch of the European Union that recommends legislation, implements various policies and decisions, among other duties, is being asked to use its European Social Fund (ESF) to issue loans via crowdfunding and peer to peer (P2P) lending platforms across… Read More

July 20, 2020 @ 11:37 pm By Omar Faridi  |  

Ney Villasenor, the VP and chief corporate affairs officer at GCash, a Fintech company that facilitates fast and secure mobile payments, has noted that there’s no doubt that COVID-19 has made Fintech services essential for people residing in the Philippines. Villasenor pointed out that cash… Read More

July 20, 2020 @ 9:35 pm By Omar Faridi  |  

Several Fintech companies have been offering discounts or even free of cost services during COVID-19. These service providers aim to assist businesses, particularly SMEs, with managing and maintaining their operations during these challenging times. As reported by The Globe and Mail, financial advisors had already… Read More

July 18, 2020 @ 9:07 pm By Omar Faridi  |  

Benedict Carandang and Lee-Anne Tobias from First Circle Growth Finance, a company that offers financing services to qualified SMEs in the Philippines that sell to other businesses or government agencies, note in a blog post published on the World Economic Forum’s (WEF) official website that… Read More

July 18, 2020 @ 5:41 pm By Omar Faridi  |  

Indonesia’s Fintech lending platforms have reported slowing growth in total loan disbursements due to the COVID-19 outbreak and resulting economic challenges. The pandemic has caused many Indonesian startups to become more careful when channeling their credit. The Asian country’s Fintech Lenders Association (AFPI) deputy chairman… Read More

July 17, 2020 @ 11:23 pm By Omar Faridi  |  

The GHL Group Berhad, a payment service provider and one of the top merchant acquirers in the ASEAN region, recently revealed that its Philippines division has been approved by the Philippines Securities and Exchange Commission (SEC) to conduct its lending business through its new unit,… Read More

July 17, 2020 @ 11:46 am By Omar Faridi  |  

UK-based Fintech Vesuvio Labs is reportedly planning to establish an investment business in the Middle Eastern nation of Qatar in order to further expand its operations and assist firms in Doha, particularly startups, with branching out into other global markets. Vesuvio Labs is a vertically… Read More

July 15, 2020 @ 11:57 pm By Omar Faridi  |  

David Bouchoucha from BNP Paribas’ asset management division has argued that private debt and real assets could potentially offer good opportunities to investors during the COVID-19 outbreak. Bouchoucha noted that these options can be attractive because private debt and real assets have proven to be… Read More

July 14, 2020 @ 10:39 pm By Omar Faridi  |  

An Islamic, or Shariah-compliant, peer to peer lending platform has been introduced in the United Kingdom. The new P2P lender aims to provide funding to the nation’s SMEs, which might be struggling to maintain operations due to the economic challenges created by COVID-19. Qardus, an… Read More

July 10, 2020 @ 4:44 pm By Omar Faridi  |  

CRIF Realtime, a credit scoring tool provider for small businesses, has teamed up with UK-based Finpoint, a platform that lets borrowers compare different options anonymously and negotiate directly with finance providers. Both companies aim to work cooperatively in order to speed up the process of… Read More

July 8, 2020 @ 7:28 am By Omar Faridi  |  

Trulioo, a provider of global identity verification solutions, revealed on July 8, 2020 that it has developed  new document verification and facial recognition software. The new features will be added to EmbedID, a low-code developer tool that can work with the GlobalGateway API – which… Read More

July 7, 2020 @ 10:20 pm By Omar Faridi  |  

UK-based Alternative Business Funding (ABF), a free and easy-to-use website for finding funding sources for SMEs, has teamed up with LawBite, an online legal platform powering a fully SRA regulated UK law firm that provides various legal services to small businesses. Through the partnership, the… Read More

July 5, 2020 @ 7:17 pm By Omar Faridi  |  

Village Capital helps company founders and business owners through its accelerator program. There are 11 early-stage Fintech firms that will be taking part in Village Capital’s investment-readiness program, called Finance Forward Europe. The initiative is part of Finance Forward, which is a multi-year global coalition… Read More

July 4, 2020 @ 4:34 pm By Omar Faridi  |  

Borrowers that use Indonesia’s peer to peer (P2P) lending platform Investree, which mainly includes local SMEs, had reported a considerable increase in their earnings. They were also able to better scale their business operations after obtaining loans from Investree, according to a recent study conducted… Read More

July 4, 2020 @ 2:51 pm By Omar Faridi  |  

CRIF Realtime, a credit scoring tool for SMEs, has revealed that it has seen a surge in demand for its Open Banking enabled credit assessment software. This, as UK-based SMEs are increasingly looking to acquire capital to maintain operations during the global COVID-19 outbreak. CRIF’s… Read More

July 3, 2020 @ 8:13 am By Omar Faridi  |  

October, a leading European online lender, notes that it was launched after the global financial crisis of 2008-2009 with the goal of providing more financing options or alternatives to European SMEs. The October team wrote in a blog post published on July 1, 2020: “We… Read More

July 2, 2020 @ 11:32 pm By Omar Faridi  |  

The Indian government has been asking local banks to work cooperatively with SMEs by providing much-needed liquidity during the COVID-19 crisis. Several local digital lenders and non-bank finance companies (NBFCs) will be offering credit solutions to Indian businesses. U GRO Capital, a Bombay Stock Exchange… Read More

July 2, 2020 @ 11:29 pm By Omar Faridi  |  

The COVID-19 outbreak has had a negative impact on the economies of countries throughout the world including Asian nations such as Indonesia. PT JULO Teknologi Finansial (JULO), an Indonesian Fintech firm that supports peer to peer (P2P) lending, has introduced several programs that aim to… Read More