Tagged: small businesses

July 30, 2023 @ 11:28 am By Omar Faridi  |  

Funding Circle (LSE: FCH), which claims to be a leading online lending platform for small business borrowers, recently announced that Kanthi Muthiah has joined the company as U.S. Chief Product Officer. Kanthi, a former FICO, PayPal, and JP Morgan executive, will “support overall product strategy and… Read More

July 29, 2023 @ 10:15 am By Omar Faridi  |  

Vestwell, the savings platform for small businesses and individuals, announced it has entered into an agreement to acquire Gradifi Solutions, a student loan benefits provider. The acquisition adds several new products “to the Vestwell platform, including programs to help employees manage and pay down student… Read More

July 26, 2023 @ 8:46 pm By Omar Faridi  |  

Embroker, the digital platform making it radically simple to get business insurance, today announced strategic partnerships with Dashlane, a security-first password management provider, and Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs). With these, Embroker increases customer security through Dashlane’s… Read More

July 26, 2023 @ 3:34 pm By Omar Faridi  |  

Rainbow Energy says they have some updates for their business customers. They are now working with Funding Circle (LSE: FCH), which claims to be the leading platform for small business loans, as a trusted partner in order “to help small businesses get the infrastructure in… Read More

July 22, 2023 @ 3:53 pm By Omar Faridi  |  

C2FO, which claims to be the world’s on-demand working capital platform, announced its further expansion into Mexico with the creation of a Mexican subsidiary. This move bolsters C2FO’s global presence and “reinforces its commitment to empowering all businesses with fast, flexible and equitable access to… Read More

July 16, 2023 @ 12:39 pm By Omar Faridi  |  

ZestyAI, the provider of climate and property risk analytics solutions powered by artificial intelligence (AI), announced an agreement with Coterie Insurance, a partnership-focused Managing General Agent (MGA), leveraging data and technology to provide instant quoting and issuing of small business insurance policies. Coterie will use… Read More

July 15, 2023 @ 8:37 pm By Omar Faridi  |  

CFIT, the Centre for Finance, Innovation and Technology, announced that its initial ‘Open Finance Coalition’ will demonstrate the power of leveraging financial data to deliver better financial outcomes to consumers and SMEs. It also announced the first coalition partners who have “committed to progressing Open… Read More

July 14, 2023 @ 6:41 pm By Omar Faridi  |  

Jirav, which claims to be an all-in-one financial planning and analysis (FP&A) solution, and the “preferred” budgeting and forecasting partner of CPA.com, announced $20M in Series B funding led by Cota Capital. Jirav will use the funds “to further accelerate product development, broaden its customer… Read More

July 12, 2023 @ 10:46 pm By Omar Faridi  |  

According to the Australian Banking Association, of the 2.6 million businesses in Australia, the majority (98%) are small and medium enterprises (SMEs). As the sector accelerates in 2023, it also suffers from “an increase in the cost of goods and services, leading to rising inflation… Read More

July 11, 2023 @ 9:29 am By Omar Faridi  |  

Digital payment platform Silverbird has announced several partnerships to accelerate further financial inclusion for SMEs trading internationally. Driven by the mission to expand the freedom of trade previously limited by traditional banking, Silverbird says that it “provides small businesses with multi-currency accounts that allow them… Read More

July 10, 2023 @ 11:53 pm By Omar Faridi  |  

UBS (NYSE:UBS) announced that it and Numarics are planning to enter into a strategic partnership to specifically digitize and expand financial and administration solutions for small and medium-sized companies in Switzerland. Administrative tasks mean “a lot of time for SMEs today and are often a… Read More

July 5, 2023 @ 10:10 pm By Omar Faridi  |  

On the back of a solid start to 2023, embedded banking platform BankiFi has denounced three misconceptions around a new class of digital only neobanks that continue “to persist despite ample evidence to dispel them.” As part of its efforts to highlight the issues faced… Read More

July 5, 2023 @ 2:24 pm By Omar Faridi  |  

Founded in 2020, Silvr‘s mission is to make financing more accessible to SMEs. Silvr claims that it has rapidly become a European leader in short-term lending due “to its technology and innovative data processing tools.” This new securitized facility will “increase Silvr’s financing capacity., which… Read More

July 2, 2023 @ 2:40 pm By Omar Faridi  |  

Businesses in the UK can now give their trade customers up to 12 months to pay for products or services, with a new feature of iwoca‘s integrated B2B payments solution iwocaPay. Building on a 3 month offering, iwocaPay has now added “a second option allowing… Read More

July 1, 2023 @ 6:08 am By Omar Faridi  |  

The Global Entrepreneurship Network (GEN) and Hello Alice, the fintech helping over one million small businesses access capital, announced the creation of a $70M Equitable Access Fund, with initial funding “led by Wells Fargo, that will be developed and deployed over the next five years… Read More

June 30, 2023 @ 11:30 am By Omar Faridi  |  

ForwardAI, a fintech providing aggregated direct data access to accounting and ERP platforms, announced the launch of the Forwardly Partner Program, which offers rewards to accountants, bookkeepers and financial professionals who refer business to Forwardly, the first real-time payments solution for small businesses in the… Read More

June 30, 2023 @ 7:49 am By Omar Faridi  |  

LHV Bank, a provider of banking services to global fintechs and SME lending solutions to UK businesses, announces the appointment of Rachelle Frewer “as its incoming Chief Financial Officer.” Subject to regulatory approval, Rachelle will “start her position on 2 January 2024 and will also… Read More

June 29, 2023 @ 9:29 am By Omar Faridi  |  

European SMEs are increasingly using cards and making online and  virtual payments, according to research by Qonto, the European business finance  solution for SMEs. Analysis published has looked at “the spending habits of 350,000 SMEs and freelancers.” The  data “shows increased card usage as well… Read More

June 28, 2023 @ 10:25 am By Omar Faridi  |  

We recently spoke with Raffaele Sadun, CFO of C2FO, a US-based global Fintech platform that’s on a mission to provide every business with equitable, convenient access to working capital. As Sadun explains, working capital isn’t just nice to have — it’s essential for business growth… Read More

June 26, 2023 @ 3:36 pm By Omar Faridi  |  

The Financial Technology Association (FTA) welcomed Pipe as its newest member. Pipe claims it is “the modern capital platform, built to connect entrepreneurs, and small and mid-size business owners to fast, frictionless, dilution-free financing, helping them scale and operate on their terms.” Penny Lee, President… Read More