SME

120 articles tagged with this keyword

/markets

Chetwood Bank: Offering stability in a volatile market

Finextra spoke to CEO of Chetwood Bank, Paul Noble, about the organisation’s new developments, and how market volatility is impacting savings and mortgage products. Noble has a background in private equity and asset management, previously working in big banks, including a role in the acquisition of Tandem Bank.

/payments

iBanFirst secures UK EMI license

iBanFirst, the next-generation cross-border payment services provider, today announces that it has secured an Electronic Money Institution (EMI) licence from the Financial Conduct Authority (FCA) in the UK. The milestone underscores its commitment to delivering the highest standards of financial reliability and operational resilience, as it prioritises growth in the UK.

/startups

Lenkie secures £49 million in Series A funding

The SME finance landscape is undergoing a fundamental shift as banks retreat from business lending, leaving a staggering £22 billion SME funding gap in the UK. Cashflow management platform, Lenkie, has today announced £49 million in Series A funding to transform the way growing UK businesses access capital.

/startups

Wio Bank grows over AED 37 billion in second year of operation

Wio Bank PJSC has established itself among the top 10 most profitable neobanks globally and a leading UAE bank for retail and SME deposits – all within just two years of its full-scale launch.

/startups

Forbes debuts 18 new firms to Fintech 50 list

Forbes has released its annual Fintech 50 list for the tenth year, highlighting the top growing fintech businesses in the industry.

/payments

Lili launches embedded finance tool Lili Connect

Lili, the financial platform designed for small business owners, today announced that it is launching Lili Connect, an embedded finance integration that streamlines small business banking, accounting, and tax processes, allowing partners to offer Lili’s comprehensive financial management tools directly through their platform.

/payments

AFP: Truist Bank exec says speed and simplicity is how to delight customers

Finextra sat down with Chris Ward, EVP enterprise payments for Truist Bank, to talk about what he sees coming in the future of payments.

/SME

The Future of Embedded Finance in Africa 2025

306 downloads

/wholesale

Ebury partners with kompasbank

Ebury, global financial services provider and one of Europe's leading fintechs, is partnering with kompasbank. The Danish digital bank helps SMEs release their full potential through easy and fast access to credit and business banking solutions.

/regulation

UK government takes aim at late payments laws

A new Fair Payment Code has been announced by the UK government to manage late payments that cost SMEs.

/startups

Credlix launches in the US and Mexico

Credlix, a leading global provider of supply chain financing, has announced its expansion into the USA and Mexico, backed by $50 million in funding from Moglix — Asia’s largest B2B e-commerce platform. This move aims to empower SMEs by providing fast, collateral-free financing solutions, addressing critical working capital challenges, and fostering business growth. This expansion aligns with Credlix's broader vision of empowering SMEs in emerging markets to participate in global trade opportunities, reflecting India's emphasis on boosting exports and enhancing global trade partnerships.

/markets

Kredit Hero launches AI-powered lending marketplace in the Philippines

Kredit Hero, an AI-powered marketplace designed to provide small and Medium Enterprises (SMEs) with access to much-needed financing, is officially launching in the Philippines. Despite SMEs accounting for over 99% of all businesses in the country, they face significant challenges in securing loans. Kredit Hero addresses this critical gap by leveraging advanced AI technology to assess financial profiles and connect SMEs with the most suitable lenders.

/payments

Mastercard partners with Nuclei to launch business subscription management tool in EEMEA

Companies using Mastercard Business cards in the Eastern Europe, Middle East and Africa (EEMEA) region are set to benefit from a new value-added service – a business subscription management tool powered by technology partner Nuclei. The innovative feature will help small businesses streamline processes and reduce costs.

/markets

SME Finance Taskforce announces plan boost UK economic growth

The SME Finance Taskforce has released its coalition plan to boost the UK economy by speeding up lending and access to finance for 5.5 million SMEs.

/retail

What African Banks are Prioritising Today

Join FinextraTV at the Temenos Community Forum 2024 as Lee Allcorn, Managing Director, MEA, Temenos and Deribie Asfaw, President, Cooperative Bank of Oromia talk about the priorities for banks across the African continent and the speed at which business and innovation operates here. Today, clients are prioritising trust, security and ensuring that their investments are as risk-free as possible. In addition to this, providing services to those that are unbanked and underbanked in a low cost manner continues to be an issue to be resolved. The conversation also turns to scalability, as financial institutions in Africa look to reach new channels and new markets.

/payments

Embedded finance, card programmes, and scaling payments solutions

Join FinextraTV at Money2020 2024 as Marcin Glogowski, UK CEO and European SVP/Managing Director, Marqeta, chats about their recent office opening in Warsaw, Poland, the opportunity that the company see in the European Union, and expanding their product offering. A lot of this change is due to demand for embedded finance solutions and the different interpretations of the technology capabilities involved, as well as how advancements in card programmes are enabling businesses to launch and scale their payment solutions more effectively. The industry must explore the potential value that exists behind their technology, grow embedded finance beyond tradition, and utilise the pockets of new use cases that open up.

/payments

Instant Payments and Fostering Interoperability

At EBAday 2024, Marianne Demarchi, Chief Executive Europe, Middle East & Africa, Swift, focused on the incoming Instant Payments Regulation and Swift's recently released research on SMEs and cross border payments. Exploring the impact of the regulation on the industry and Swift's role, the discussion covers how interoperability can be facilitated between domestic Verification of Payee providers, enhancing their reach across Europe and beyond, while simplifying compliance with the regulation for financial institutions.

/startups

Bank of America backs Simply Asset Finance

The Bank of America has moved to support Simply Asset Finance, a fintech that focuses on lending to SMEs, with a loan facility worth up to $120 million.

/inclusion

Visa Foundation focused on empowering women entrepreneurs

Visa Foundation is supporting women in growing their small businesses and making them more resilient, increasing economic mobility and creating wealth for themselves.To learn more about the financial inclusion efforts made by the organisation, Finextra spoke to Najada Kumbuli, vice president and head of investments at Visa Foundation.

/regulation

Lord Christopher Holmes of Richmond MBE on what the AI Regulation Bill Means for Fintech

At IFGS 2024, Lord Christopher Holmes provides his view on announcements such the Open Finance Task Force, which were revealed by Bim Afolami MP. Lord Holmes also dives deep into the AI Regulation Bill and how the industry can better align technology for financial inclusion and to benefit vulnerable customers.