Tagged: smbs

December 5, 2023 @ 7:35 am By Omar Faridi  |  

Halfords Group PLC, the UK’s largest provider of motoring and cycling products and services has selected Kriya, the embedded finance provider, “to power payments and credit for its trade account customers.” Under the partnership Kriya will “embed its financial tools across Halfords stores, customer teams,… Read More

November 27, 2023 @ 12:14 pm By Omar Faridi  |  

Nubank (NYSE:NU) has just launched a tool to make the lives of its over 3 million SME account holders even easier. Gradually, Nu’s business customers will “be able to transfer the limit of their personal credit card to their business card.” This innovative feature allows… Read More

November 27, 2023 @ 10:48 am By Omar Faridi  |  

We recently spoke with Mantvydas Štareika, the digital financial services professional and CEO of CapitalBox. This company, which Štareika joined in the last quarter of 2022, is one of the European fintech lenders that provides the EU’s startup ecosystem with timely, trusted, and specifically tailored… Read More

November 27, 2023 @ 9:33 am By Omar Faridi  |  

The British Business Bank is launching its new £130 million Investment Fund for Wales, unlocking additional funding “to help smaller businesses to prosper and thrive.” The fund will drive sustainable economic growth by “supporting new and growing businesses across the whole of Wales through investment… Read More

November 27, 2023 @ 5:22 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, has launched Capital, a product that enables businesses on Adyen for Platforms offer timely access “to funding for their small and medium-sized business (SMB) users in Australia.” Research conducted in partnership with Boston… Read More

November 25, 2023 @ 2:15 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), the UK’s SME lending platform, and Atom bank, the UK’s first app-based bank, announce a new lending partnership that “will provide up to c.£150m of funding to small businesses.” Atom bank is a “long-standing” and returning investor in the Funding Circle… Read More

November 25, 2023 @ 6:05 am By Omar Faridi  |  

Trafalgar, a Mexico-based financial services provider for SMEs (regulated SOFIPO), today announces its partnership with Thought Machine, the cloud-native banking technology company, to create Mexico’s first fintech deployed on next-generation core technology. Trafalgar will use Thought Machine’s core banking platform, Vault Core, and develop a… Read More

November 23, 2023 @ 12:37 pm By Omar Faridi  |  

Xero, the global small business platform, has launched several updates to its practice tools at UK Roadshow, including “a new tax manager feature in Xero HQ, an important feature in its plan to more seamlessly connect Xero Practice Manager (XPM), Xero HQ and Xero Tax.”… Read More

November 22, 2023 @ 7:36 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a key player focused on cloud banking for the global financial services industry, announced that Alba Bank has made a significant step “towards supporting the UK’s small- and medium-sized businesses (SMEs) by adopting the nCino Cloud Banking Platform.” As a secure… Read More

November 21, 2023 @ 10:26 pm By Omar Faridi  |  

For SMEs, the year 2023 could mark a “turning point.” They have shown resilience “despite persistent inflation and the war in Ukraine, but they are now having to face rising interest rates which is making life tough for them for three reasons,” according to iBanFirst,… Read More

November 20, 2023 @ 8:32 am By Omar Faridi  |  

Enfuce, a provider of embedded finance solutions, has revealed a new partnership with UK-based small business lending platform Funding Circle (LSE: FCH) to launch its new small business credit card as part of its FlexiPay product. FlexiPay is a revolving line of credit that “helps small… Read More

November 19, 2023 @ 11:04 pm By Omar Faridi  |  

AMP will be launching a digital bank division built specifically “for the transaction needs of sole traders and small business.” AMP will work with Engine by Starling, the SaaS subsidiary of UK digital bank, Starling Bank Limited, allowing it to leverage: Starling’s ‘Engine’ technology platform,… Read More

November 16, 2023 @ 11:22 am By Omar Faridi  |  

The British Business Bank launches a new £70million commitment to support smaller businesses from all sectors right across Northern Ireland. The Investment Fund for Northern Ireland (IFNI) aims “to drive sustainable economic growth by supporting innovation and creating local opportunities for new and scaling businesses… Read More

November 15, 2023 @ 11:52 pm By Omar Faridi  |  

Ongoing economic challenges have caused two in five (41%) small business owners to sacrifice their salaries, and one in three (34%) to use their personal funds, “to keep their businesses running,” according to new research from global small business platform Xero. The Money Matters report… Read More

November 15, 2023 @ 9:49 am By Omar Faridi  |  

Over eight in ten SME finance experts (83%) believe that high street banks are reducing their appetite to fund the UK’s 5.5m small and medium-sized businesses, according to iwoca’s latest Q3 2023 SME Expert Index. The analysis shows that “the drop in lending is set… Read More

November 11, 2023 @ 7:45 pm By Omar Faridi  |  

Bluevine, the digital banking platform specifically designed for small businesses, announced the launch of Bluevine Premier giving business owners the opportunity “to earn 4.25% Annual Percentage Yield (APY) on their Bluevine Business Checking balances up to $3 million, plus 50% off most standard payments fees,… Read More

November 11, 2023 @ 3:22 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) is seeding a second round of financing for Veteran Loan Fund, doubling a two-year-old commitment that has already funded more than 500 small businesses built by former military personnel that “have created or retained more than 3,000 jobs across 37… Read More

November 9, 2023 @ 10:45 pm By Omar Faridi  |  

American Express (NYSE:AXP) announced that American Express Business Checking is now available to any eligible U.S. small business, “offering a digital banking experience with no monthly maintenance fees, 24/7 service, and the ability to earn and redeem Membership Rewards points with select travel partners and… Read More

November 8, 2023 @ 12:16 pm By Omar Faridi  |  

Coterie Insurance, the partnership-focused insurtech MGA simplifying small business insurance, announced a new partnership with Five Sigma, a claims management platform designed to streamline claims handling. The two companies are committed to “delivering innovation to simplify the insurance process across the value chain.” Morgan Smith,… Read More

November 8, 2023 @ 8:00 am By Omar Faridi  |  

OakNorth, a UK digital bank, says it has launched its business banking services, aimed at “helping mid-sized businesses (revenue of £1m-£100m) that are currently overlooked and underserved in the UK’s current financial landscape.” OakNorth is authorized and regulated by the Prudential Regulation Authority and the… Read More