Tagged: small businesses

Mambu Joins Forces With Tide to Power Revolving Credit Facilities & Overdrafts For SMEs

Mambu, a German SaaS banking platform provider, announced on Thursday it has formed a partnership with Tide, a UK-based business banking platform to power Tide’s revolving credit facilities and overdrafts for SME’s. Mambu reported that through the partnership it will help Tide scale and focus… Read More

Sean ‘Diddy’ Combs Launches Platform Dedicated to Helping Minority-Owned Small Business Gain Access to Second Round of Paycheck Protection Program Funding

Sean ‘Diddy’ Combs announced on Friday the launch of his new platform, Our Fair Share. According to the Entrepreneur and Media Mogul, Our Fair Share is a platform built to help minority entrepreneurs and small businesses access to much-needed funding amid the economic devastation caused… Read More

U.S. Fintech BillGO Launches Bill Pay Relief Hub For Americans Impacted by the COVID-19 Pandemic

BillGO, a U.S.-based bill pay and real-time payment systems provider, announced on Monday it has launched a bill pay relief hub specifically for Americans who are impacted by the COVID-19 pandemic. According to BillGO, the payment relief can come in a variety of forms, including:… Read More

Starling Bank Debuts Online Tool to Help Business Customers Find Coronavirus Aid Schemes

UK-based digital banking group Starling Bank announced on Thursday it has launched a new tool that helps business customers to find the appropriate Government coronavirus support scheme for them. Starling Bank further revealed that the tool asks users a series of questions related to their… Read More

Lendio Facilitates More $5.5 Billion in Relief Funds to Over 50,000 Small Businesses Through the Paycheck Protection Program

Online lending platform Lendio announced on Friday it facilitated more than 50,000 small businesses across the U.S. through the Paycheck Protection Program (PPP). Lendio reported that PPP applications approved through its online marketplace and bank partnerships total more than $5.5 billion. As previously reported, the… Read More

Sberbank Unveils Anti-Crisis Support Platform Specifically For SMEs

Russian banking group Sberbank announced earlier this week it is launching an anti-crisis support platform, SberUnity, that is specifically for SMEs. According to Sberbank, SberUnity was created to help businesses find new solutions and transform their companies from offline to online ones. Sberbank also claims… Read More

Funding Circle Receives Approval to Issue Paycheck Protection Program Loans

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, announced on Wednesday it has received approval to issue Paycheck Protection Program (PPP) loans through its online lending platform. As previously reported, the PPP is part of… Read More

Biz2Credit Business Lending Index For March 2020 Reveals Small Business Loan Approval Rates Plummeted Due to COVID-19 Pandemic

Biz2Credit announced on Tuesday the release of its latest Business Lending Index revealed that small business approval rate plummeted in March 2020. According to the Index, The approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted to just 15.4%… Read More

Funding Circle Launches Pre-Application System for Paycheck Protection Program Loans

Funding Circle lobby

Marketplace lending company Funding Circle (LSE: FCH) announced on Friday it launched a pre-application system for small business owners interested in funds from the Paycheck Protection Program, which is offered by the U.S. Department of Treasury and Small Business Administration (SBA). Paycheck Protection Program (PPP)… Read More

Lendio Announces Paycheck Protection Program Loan Application For Small Businesses During COVID-19 Pandemic

Online lending platform Lendio recently announced it has launched an application for small businesses to access the $349 billion in government funds set aside for the Paycheck Protection Program (PPP). Lendio reported that the Paycheck Protection Program is part of the $2 trillion CARES Act… Read More

NatWest Continues to Offer Support For SME Customers By Waiving Monthly Hire Fees For Point-of-Sale Terminals From Payment Product Tyl Until the End of 2020 

UK banking group NatWest announced on Friday it is continuing to offer support SME customers by waiving monthly hire fees for Point-of-Sale terminals from its payments product Tyl until the end of 2020 in response to the COVID-19 pandemic. NatWest also revealed that is providing… Read More

SMBX Announces First Two Issuers For the Small Business Rebuild Bond Program

SMBX, a marketplace for buying and selling small-business bonds, announced on Thursday the first two issuers for its small business rebuild bond program, which is running in tandem with the company’s regular Small Business Bond Program. SMBX reported that through the program offers small business… Read More

Lendio Plans to Hire Up to 200 Full-Time Small Business Loan Agents to Meet Demands for Emergency Capital During COVID-19 Pandemic

Online lending platform Lendio announced on Tuesday it is planning to hire up to 200 full-time small business loan agents to help meet the demand for emergency capital during the COVID-19. Lendio reported that with the recent passing of the CARES Act and the inclusions… Read More

Monzo Launches “Monzo Business” For Web

Just a few weeks after launching its business accounts, UK challenger bank Monzo announced the launch of “Monzo Business” for web, which gives users the option to manage their business account on their computer or laptop. As previously reported, Monzo stated it spent the past… Read More

NYMBUS to Help US-based Financial Institutions with Effectively Responding to Economic Instability Following Coronavirus Outbreak

NYMBUS is planning to help US-based financial institutions with effectively responding to the economic instability resulting from the Coronavirus (COVID-19) outbreak. NYMBUS is a core banking modernization firm. It helps financial service providers with their digital transformation strategies. The company is offering a new program… Read More

FundedByMe Set to Relaunch Donation-Based Crowdfunding Services to Help Small Businesses During COVID-19 Pandemic

FundedByMe, a multi-national investment crowdfunding platform, recently announced it is re-launching its donation-based crowdfunding services in order to help small businesses during the coronavirus (COVID-19) pandemic. The platform reported that in the suites of the financial crisis following the Coronavirus, many people, as well as… Read More

Fintech Credit Provider 4G Capital Adjusts Business Operations to Cope with Coronavirus Outbreak

Fintech credit provider 4G Capital, a firm that supports individuals and companies across Africa, has introduced operational and services updates for its business operations across Kenya and Uganda. The company has also shared how it is dealing with the deadly coronavirus (COVID-19) outbreak. FSD (Financial… Read More

SOLV, an Indian Online Lending Marketplace for SMEs, Recommends Taking Immediate Measures to Prevent Economic Downturn Due to Coronavirus

SOLV, an online marketplace that matches lenders and micro-, small and medium-sized MSME borrowers, has expressed concerns regarding the coronavirus (COVID-19) outbreak, which has resulted in economic uncertainty and instability. SOLV, which is a B2B platform backed by the Standard Chartered Bank, expects SMEs to… Read More

Lendio Joins Lending Companies Around the U.S. to Request U.S. Senate & House of Representative Leaders to Approve $500 Billion Discretionary Funding For Small Businesses Suffering From Coronavirus Pandemic

Online lending platform Lendio announced on Tuesday it has joined companies through the U.S., including Biz2Credit, Credibly, Fundbox, Homebase, Kabbage, Funding Circle, Plaid, LendingTree, and Wisely, to send a letter to the U.S. Senate and House of Representative leaders to approve $500 billion in discretionary… Read More

Reg CF Platform Honeycomb Credit Is Now Offering Small Business Relief Loans During Coronavirus Pandemic

Bank replacement platform Honeycomb Credit announced on Wednesday it is now offering loans to small businesses that are in need of working capital during the coronavirus pandemic. As of March 18th, there are 7,038 cases of the virus with 97 total deaths. According to Honeycomb… Read More

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