SME

54 articles tagged with this keyword

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Icici Bank launches digital ecosystem forr SMEs

ICICI Bank today announced that it has launched India’s first comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country, including customers of other banks.

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Funding Options appoints Malcolm Leach as CTO

Digital finance platform Funding Options has appointed Malcolm Leach to its management team as CTO, continuing its mission to bridge the SME funding gap by providing businesses with the best finance options on the market, at speed and powered by technology.

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SME Finance ships AI-powered revenue-based financing product

SME Finance, the fintech reinventing growth financing for small- and medium-sized enterprises, has launched Smart Loan — a revenue-based financing solution offering a fairer, faster AI-powered service for startups and SMEs, including e-commerce sites, seeking unsecured lending up to €50,000.

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Wells Fargo unveils Small Business Resource Navigator

Today, Wells Fargo announces the Small Business Resource Navigator, an online portal helping connect small business owners to potential financing options and technical assistance through Community Development Financial Institutions (CDFIs) across the country.

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Harbor launches in India

Harbor, a U.S. based fintech company that is reinventing international trade finance, recently announced an expansion of its operations to India.

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Capital on Tap secures $200 million funding facility

Capital on Tap has secured a $200m funding facility with HSBC and Värde Partners to support their continued US growth.

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Sandstone Technology and Brilliance to offer in-built pricing and profitability to the SME Market

Sandstone Technology bring risk-based pricing into their arsenal for SME lending.

/regulation

HSBC chided by CMA over breaching SME business lending rules

In 2002, HSBC Bank plc, among others, agreed that they would no longer (except for in specific circumstances) make a small and medium-sized enterprise (SME) customer open or maintain a business current account in order to get a business loan.

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FintechOS cuts SME account opening to sub 15 minutes

FintechOS, a technology partner providing high-productivity fintech infrastructure solutions for companies offering financial services, today announced the launch of its accelerators for SME mobile lending and onboarding.

/payments

WorldFirst and Ritmo create £100 million growth package for e-commerce businesses

Global fintech and international payment service provider, WorldFirst, has joined forces with RITMO to launch a £100 million growth package for fast-growing small and medium-sized e-commerce businesses in the UK.

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Allica Bank promotes Ravneet Shah to CTO

Allica Bank – the fintech challenger bank that seeks to empower Britain’s small and medium-sized businesses – has today announced the promotion of Ravneet Shah as Chief Technical Officer (CTO).

/startups

Qred expands to Norway

Sweden’s fastest growing fintech company Qred, continues to expand its business and is now setting up shop in Norway.

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Sandstone Technology teams with Codat to enter SME market

Building on their deep domain expertise in consumer lending, Sandstone Technology and Codat expand to cater for SME customers, with a one platform approach.

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DBS to provide free cybersecurity training to Singapore's SMEs

DBS announced today that it will be availing a complimentary cybersecurity training programme to help protect the 280,000-strong SME community in Singapore[1] from the growing threat of cybercrime.

/startups

London VC firm SuperSeed launches £50m fund

SuperSeed, a venture capital firm investing in the future of business automation, today announces it has completed the first closing of its new fund at £31m, targeting a final close of £50m. The fund will invest between £500k and £1.5m into 30-35 UK based startups, and those looking to use the UK as a springboard to the rest of the world.

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British Business Bank injects further £300m to Simply’s funding line

Today, the British Business Bank announces an increase to business lender Simply’s existing ENABLE Funding facility. In total, the facility will provide £300m of funding to SMEs across the UK. This is now the largest facility under the Bank’s ENABLE Funding programme, which aims to improve the supply of asset finance to the UK smaller business community.

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Finverity and Abu Dhabi Global Market launch real time credit data API for SMEs and corporates

Finverity, the award winning mid-market supply chain finance (SCF) platform focused on emerging markets, is pleased to announce the launch of its real time monitoring Credit Data API. UAE banks and investors will be the first to benefit from the stand alone solution due to the UAE’s leading position as a key trade finance hub for Finverity. In parallel, the API functionality is now also available to funders globally on the ADGM’s Digital Lab and Finverity’s platform. The launch marks the successful completion of Finverity’s proof-of-concept commissioned by ADGM (Abu Dhabi Global Market) as a result of winning FinTech Abu Dhabi’s Innovation Challenge 2020.

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Folk2Folk receives £7 million from British Business Investments

British Business Investments, a wholly-owned commercial subsidiary within the British Business Bank group, today announces a £7m commitment to FOLK2FOLK, a specialist marketplace lender for rural and regional smaller businesses.

/startups

Indian fintech startup Recordent raises $400K angel funding

Recordent, a fintech start-up in the non-banking payment bureau sector, announced that it has raised $400,000 in angel funding from the Family Office of Kantamaneni & IIM Calcutta Innovation Park and other angel investors from India and the US.

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Hong Kong's Qupital raises $150 million

Asia's leading financial technology platform Qupital today announced it has raised US$150 million in a combination of Series B equity funding and a receivables-backed securitization facility.