Tagged: small businesses

April 17, 2023 @ 8:34 am By Omar Faridi  |  

A report published by the UK’s small business lending platform, Funding Circle (LSE: FCH), in partnership with insights consultancy Savanta, looks at “how resilience for small businesses and the impact of staff wellbeing is more important now than ever before.” Small businesses have “been hard… Read More

April 17, 2023 @ 8:30 am By Omar Faridi  |  

The European Investment Bank (EIB) is granting a €100 million loan to illimity which, in turn, “undertakes to invest an additional €100 million for small businesses through b-ilty, the illimity Group’s digital bank.” As noted in the update, 30% of the resources will be “channeled to… Read More

April 16, 2023 @ 3:37 pm By Omar Faridi  |  

The Phoenix Suns and PayPal (NASDAQ: PYPL) announced that they have extended their partnership through the 2026 NBA season. PayPal will “continue as the Suns’ jersey sponsor and, as part of the enhanced multi-year deal, the organizations will now increase their focus on supporting small… Read More

April 15, 2023 @ 8:04 pm By Omar Faridi  |  

Arch Insurance recently announced it has acquired Thimble, an insurtech platform for small business customers and agents. Thimble enables small businesses “to quickly get insurance coverage by the job, month or year using its award-winning app, website, or over the phone.” The acquisition “expands Arch’s… Read More

April 13, 2023 @ 10:20 pm By Omar Faridi  |  

Building on four years of work together to enable digital transformation among small businesses, Accion and the Mastercard Center for Inclusive Growth announced a renewal of their partnership and a sustained commitment “to improve the financial health of micro and small enterprises (MSEs) in emerging… Read More

April 13, 2023 @ 10:17 pm By Omar Faridi  |  

Singapore businesses have a “cautious” economic outlook, as new data from global fintech Airwallex reveals 7 in 10 small and medium-sized enterprises (SMEs) here are “bracing for a potential recession within the next two years.” The independent research “considered the challenges SMEs in Singapore would… Read More

April 13, 2023 @ 7:20 pm By Omar Faridi  |  

SMBs based in Latin America have received another boost in lending services with the recent $4 million investment in Kala, a Colombia-headquartered firm creating Fintech infrastructure for enabling more efficient lending. The firm, which has been co-founded by Manuel Alemán, Rodolfo Lazo and Pablo Cattólica… Read More

April 9, 2023 @ 2:36 pm By Omar Faridi  |  

Debitum has shared key updates including the number of assets (loans) pooled into Asset-Backed Securities by Loan Originator In March, the Debitum platform reportedly “offered to place investments in 10 ABS programs consisting of 175 loans.” The total number of assets “at the end of… Read More

April 5, 2023 @ 11:47 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched its UK operations and appointed cyber insurance expert, Simon Hughes, as General Manager for Cowbell UK. Hughes joins Cowbell “with a unique blend of experience across the U.S. and the UK,… Read More

April 3, 2023 @ 10:52 am By Omar Faridi  |  

ING Bank N.V. has partnered with Salt Edge, which claims to be a pioneer in providing open banking solutions, “for leveraging the widest international bank connectivity and thus, unlocking a whole new range of open banking use cases for SME segments from various industries, corporate,… Read More

March 30, 2023 @ 9:11 am By Omar Faridi  |  

Nucleus Commercial Finance research highlights the scale of the challenge facing UK SMEs: 65% of SMEs are finding the current cost-of-living crisis is proving more of a burden on their business than the pandemic lockdowns Just 33% believe the cost-of-living crisis is proving less of… Read More

March 30, 2023 @ 8:30 am By Omar Faridi  |  

As Chancellor Jeremy Hunt announced measures intended to lift the UK economy in the Spring Budget, data from iwoca highlights what small businesses “were most worried about as they entered 2023.” Small business lender iwoca’s latest SME Expert Index data – based on UK finance… Read More

March 29, 2023 @ 8:49 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced the opening of its new technology center in Pune, India. The center will “augment Cowbell’s existing development centers in Pleasanton, California; Plano, Texas; and Toronto, Canada, and extend the company’s global… Read More

March 29, 2023 @ 7:10 pm By Omar Faridi  |  

SMEs are at the heart of our economy and financial institutions need to do more to help them. It has been found that they play a central role in financial inclusion, representing around 90% of businesses globally and more than 50% of employment worldwide, according… Read More

March 28, 2023 @ 8:41 am By Omar Faridi  |  

New research— recently published by Oxford Economics and in partnership with Funding Circle (LSE:FCH), including a detailed survey of Funding Circle customers—reveals UK SMEs’ durability, with 58% of respondents “saying their experience of dealing with the pandemic’s challenges has made their business more resilient.” Over… Read More

March 27, 2023 @ 6:34 pm By Omar Faridi  |  

  It’s been a stressful few years to run a small business in America — and so far 2023 has been no exception. Inflation, supply chain snags and staffing shortages continue to test business owners, the team at Next Insurance writes in a blog post…. Read More

March 24, 2023 @ 7:07 am By Omar Faridi  |  

With signs that strikes may be abating for the time being, new data from small business lender iwoca reveals that UK SMEs have “lost out on 680,000 days of trading per month, due to industrial action.” Cumulatively, this amounts “to four million days of trading… Read More

March 19, 2023 @ 10:56 pm By Omar Faridi  |  

The team at Debitum notes that platform performance in February reveals a solid start of the year. New Loan originator – Flexiadea Polska – assets are “available for investments; increased rates for existing Loan Originators; improvements of the platform (‘About us’ section rebuilt); new deposits… Read More

March 15, 2023 @ 10:42 pm By Omar Faridi  |  

Payment service provider Clik2pay is announcing a new integration with global small business platform, Xero, “offering the ability for Canadian small businesses to pay their Xero invoices securely from almost any Canadian bank account using Interac e-Transfer™, one of the most trusted money transfer systems… Read More

March 15, 2023 @ 10:38 pm By Omar Faridi  |  

livi bank, which claims to be one of Hong Kong’s leading lifestyle and technology-driven virtual banks, recently announced the full launch of livi Business, which is described as its game-changing service designed “to empower SMEs (small and medium enterprises) to pursue their ambitions by meeting… Read More