Tagged: sme’s

July 2, 2020 @ 4:32 pm By Omar Faridi  |  

An International Monetary Fund (IMF) official recently noted that China’s Fintech sector could be “instrumental” in assisting SMEs with acquiring reliable credit. The representative added that reliable loans and funding will play a key part in helping businesses get through the COVID-19 outbreak and resulting… Read More

July 2, 2020 @ 11:42 am By Olivia Halsall  |  

Nth Round, founded in 2018 and based in Philadelphia, is a “comprehensive equity management platform for companies of all stages and sizes” and can enable startups and SMEs to “manage equity, engage shareholders, and facilitate liquidity in an all-in-one secure environment” according to its website…. Read More

July 2, 2020 @ 7:48 am By Omar Faridi  |  

The central bank of the United Arab Emirates (UAE) and the Abu Dhabi Global Market, an international financial center and free zone based on the Al Maryah Island in the nation’s capital, Abu Dhabi, noted on July 1, 2020, that they’re inviting Fintech firms to… Read More

July 1, 2020 @ 8:38 am By Omar Faridi  |  

UK-based Fintech SumUp, a payments service provider, has teamed up with Google in order to enable merchants using Google My Business to add support links to gift cards to their business profile on Google. This latest move aims to support SMBs during COVID-19 and also… Read More

June 30, 2020 @ 10:45 pm By Omar Faridi  |  

UK-based Fintech firms may be forced to shut down due to COVID-19 and resulting socio-economic challenges. Most Fintechs in the UK have reportedly not received the assistance they need from the nation’s government, according to a recent survey published by Innovate Finance. Fintechs with 25… Read More

June 30, 2020 @ 12:57 am By Omar Faridi  |  

Digital technology startups need venture capital or some other type of reliable funding to grow and expand their operations. Several foreign investors have been supporting Indonesian startups which are a critical part of the trillion-dollar economy. Investors have been investing in selected qualified Indonesian start-ups,… Read More

June 29, 2020 @ 9:50 pm By Omar Faridi  |  

UK-based Railsbank, an Open Banking and Regtech solution provider, revealed on June 29, 2020, that it has gained Hong Kong Fintech Statrys as a new client. Statrys offers digital business accounts, advanced payment options, and forex solutions for SMEs based in Asia. It provides convenient… Read More

June 28, 2020 @ 1:54 pm By Omar Faridi  |  

UK’s Funding Xchange (FXE), a Fintech that helps people and organizations find suitable business loans and funding options from its marketplace of more than 45 established lenders, is teaming up with Enterprise Nation, a UK-based community of SMBs and advisers that aim to provide a… Read More

June 24, 2020 @ 11:02 pm By Omar Faridi  |  

Business software provider ScaleFactor is reportedly shutting down, after securing $100 million in capital during the past year from major investors including Bessemer Venture Partners and Coatue Management. In March 2020, the financial services company began experiencing challenges due to the global COVID-19 outbreak, which… Read More

June 21, 2020 @ 5:26 pm By Omar Faridi  |  

Malaysia-based Curlec, a Fintech firm that aims to offer a better way for businesses to collect recurring payments, recently secured funding from 500 Startups, an early-stage VC fund and seed accelerator established in 2010 by entrepreneurs Dave McClure and Christine Tsai. Curlec completed its seed… Read More

June 17, 2020 @ 7:31 pm By Omar Faridi  |  

Mumbai based online lender InCred has reportedly acquired Fintech platform Qbera. The acquisition has come as India struggles to cope with the COVID-19 outbreak and associated challenges. InCred and Qbera haven’t disclosed the amount paid for the transaction, however, sources claim the deal may be… Read More

June 15, 2020 @ 11:28 pm By Omar Faridi  |  

UK-based Fintech Payhawk, a corporate expense management solution provider that secured €3 million in seed funding in March 2020, has teamed up with Visa in order to issue business cards that offer 0.50% exchange rates. The Payhawk team says that by working with the payments… Read More

June 15, 2020 @ 11:00 pm By Omar Faridi  |  

The Qatar Fintech Hub (QFTH), co-founded by Qatar Development Bank (QDB), is planning to encourage and support multinational Fintech firms to establish operations in the Middle Eastern country. The QFTH noted during a recent meeting that it’s working with several global Fintech hubs. The organization’s… Read More

June 15, 2020 @ 1:06 am By Omar Faridi  |  

Brussels-based Fintech firm iBanFirst has secured €21 million in capital through a Series C round, which was led by Elaia and Bpifrance Large Venture. The funds raised will be used to expand iBanFirst’s financial services platform for SMEs. The company mainly focuses on supporting B2B… Read More

June 12, 2020 @ 2:45 pm By Omar Faridi  |  

  The London Stock Exchange Group (LSEG) and Global Accelerated Ventures (GAV) recently introduced a post-COVID-19 fundraising program that aims to assist Fintech and Healthtech firms that might need additional capital to support their growth and development after the pandemic has passed. The 24-month program… Read More

June 12, 2020 @ 11:47 am By Omar Faridi  |  

Danish Fintech firm Likvido has reportedly secured €2.5 million in seed funding from BlackFin Tech in order to assist SMEs that might be struggling to maintain their operations. The company’s founders say they want to help business owners avoid bankruptcy after going bankrupt themselves only… Read More

June 12, 2020 @ 10:04 am By Samantha Hurst  |  

Mastercard announced on Thursday it has joined forces with Octet Europe to launch of a new trade solution across the European Economic Area (EEA). According to Mastercard, the Mastercard Trade Solution powered by Octet Europe with a goal to help small and medium-sized enterprises (SMEs) grow… Read More

June 12, 2020 @ 8:12 am By Samantha Hurst  |  

UK banking group Barclays announced earlier this week the launch of its new “Back to Business” toolkit specifically for UK small businesses. The toolkit is to help businesses get back on their feet following the rise of the COVID-19 pandemic. It is also the latest… Read More

June 8, 2020 @ 10:58 pm By Omar Faridi  |  

The steady rise and adoption in Sharia Fintech has transformed Indonesia’s trillion dollar economy, as the nation’s Muslim residents seek financial services that follow Islamic law and guidelines. Indonesia is notably Southeast Asia’s largest emerging market. It has turned into a hub for new companies… Read More

June 2, 2020 @ 12:31 am By Omar Faridi  |  

Businesses throughout the world are looking for ways to cope with the adverse effects of the COVID-19 outbreak. Governments across the globe have enforced lockdowns and recommended that people observe safe distancing measures to avoid the further spread of the Coronavirus. There are now over… Read More