SME

108 articles tagged with this keyword

/wholesale

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.

/security

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.

/wholesale

French fintech for SMEs Qonto achieves €4.4 billion valuation

Qonto, the French scaleup offering a business account to European SMEs, has achieved a €4.4 billion valuation on a €486 million Series D funding round

/crypto

34% of UK finance businesses now making crypto payments - Mercuryo

According to new research by global payment network, Mercuryo, over one third of UK finance businesses are now using blockchain to facilitate payments, as demand for innovation soars.

/wholesale

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.

/devops

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.

/wholesale

Funding Circle moves into embedded finance

Funding Circle has moved into the embedded finance market, providing third party firms with a single API to offer loans of up to £500,000 to small businesses within their own website.

/wholesale

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.

/startups

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.

/startups

Fidelity and Visa back emerging markets lender Jumo

Jumo, a South African and London-based fintech startup that helps the underbanked get access to financial services such as loans and savings products, has raised $120 million with backing from Fidelity and Visa.

/startups

Nigerian SME finance startup Payhippo closes $3 million seed funding

Payhippo, a lending startup that is widening credit access for small businesses in Nigeria, announced today that it raised $3 million in seed funding.

/wholesale

Fin VC and Barclays invest in invoice insurance platform Nimbla

Invoice insurance startup Nimbla has attracted £5.1 million in funding from Silicon Valley's FIN VC with participation from Barclays Bank.

/SME

Cross River Bank acquires small business software provider Betterfin

Cross River Bank (“Cross River”), a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced the acquisition of Betterfin, a transformative financial platform that enables small business owners to access a wide range of financial products and solutions, capital markets data, and manage their own lending and cash flow processes.

/wholesale

Cambodia's Hattha Bank selects Temenos to speed up lending to SMEs

Temenos (SIX: TEMN), the banking software company, today announced that Cambodian Hattha Bank has selected Temenos Infinity to power the launch of its SME banking business.

/wholesale

Capital on Tap secures £450 million funding facility

Capital on Tap, a UK based fintech, has secured a £450m funding facility with Atalaya Capital Management, BNP Paribas, and HSBC to support their continued UK growth.

/retail

Novo opens app marketplace

Novo, the powerfully simple small business banking platform, today launched the Novo App Marketplace to help small businesses seamlessly tailor their banking platform and increase visibility into their business finances and cashflow.

/sustainable

Funding Options leads call for government-discounted green loans to helps SMEs to Net Zero

With environmental summit COP26 opening in Glasgow on 31 October, a group of financial services providers and small business leaders are lobbying the government to adopt proposals designed to reduce the carbon footprint of UK SMEs and make the nation a world leader in green finance.