SME

113 articles tagged with this keyword

/retail

Virgin Money and Superscript partner up to provide insurance to SMEs

Virgin Money, the high-street bank, is partnering with Superscript, the insurtech scale-up, to provide its business banking customers with customisable, flexible, subscription-based business insurance.

/payments

Mastercard reveals two in five SMEs worry they'll never hit pre-pandemic revenue

Data from Mastercard’s 2022 Borderless Payments Report has revealed two in five (44%) global small and medium sized businesses (SMEs) fear they will never achieve the same revenue levels as before the pandemic, although online business and international sales offer a real lifeline.

/SME

The Future of Payments 2022

1741 downloads

/wholesale

Experian to acquire majority stake in Brazil based Mova for $7.9mn

Experian Plc, the global information services company, has agreed to acquire MOVA Sociedade de Empréstimo entre Pessoas S.A. (‘MOVA’), a leading fintech in Brazil that helps equip any company, including non-banks, with the expertise and technology to perform data-driven credit assessments of their SME end-clients.

/wholesale

The customer engagement imperative: What banks can learn from the FinTech playbook

Gareth Wilson, UK Banking and Capital Markets business lead, Capgemini & Elias Ghanem, Vice President and Global Head of Capgemini Research Institute for Financial Services, reflect on the growth of digitalization across the industry and a shift in customer needs. They discuss the challenges banks are facing as a result, what they should be investing in and leveraging to tackle this challenge, and how they can use data and AI/ML technologies to create superior customer experiences that drive growth. They also reflect on how positioning the CMO as a customer strategist and chief engagement officer can further enhance growth opportunities.

/sustainable

AIB and Foresight Group sustainable equity fund sets €75 million target

Ireland’s largest financial services provider, AIB, has appointed SME and sustainable infrastructure investment manager, Foresight Group, to manage a new SME equity fund, targeting €75 million. The fund will support businesses looking to accelerate Ireland’s low-carbon transition.

/wholesale

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.

/startups

Outfund raises £15 million to expand in crowded revenue-based finance market

Revenue-based finance provider Outfund has closed a £115M Series A round of equity capital and debt, joining the growing ranks of firms vying for company business across Europe.

/people

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.

/wholesale

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.

/wholesale

Qonto closes Crowdcube campaign after raising €5 million in 6.5 hours

Qonto, the French scaleup offering a business account to European SMEs, has raised €5 million in just 6.5 hours on crowdfunding platform Crowdcube.

/startups

Australian business credit card startup Archa raises $24 million in debt and equity

Australian business credit card startup Archa has raised $4m in funding and secured a $20m debt facility.

/wholesale

Recognise Bank enters business savings market

Digital SME banking startup Recognise Bank has entered the business savings market with the launch of a new easy access account paying 0.55%.

/wholesale

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.

/wholesale

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.

/wholesale

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.

/startups

Zevoy secures €15 million as expense management race heats up

Finnish startup Zevoy is the latest fintech to enter the booming expense management space, raising €15 milliom for a full scale roll out across Europe.

/wholesale

British fintech Stenn valued at $900 million in debut external equity investment

Stenn, a digital financing platform for SMEs, has closed a $50 million equity funding round with US investor Centerbridge, at a $900 million valuation.

/wholesale

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.