Tagged: sme’s

Amsterdam-based Banking Challenger Finom Secures €6.5 Million in Seed Funding via Round led by Target Global

Amsterdam-based banking challenger Finom, which aims to serve entrepreneurs and SMEs, has secured €6.5 million in seed funding through an investment round led by Target Global. General Catalyst, FJlabs, the Raisin founders Frank Freund, Tamaz Georgadze, and Michael Stephan also took part in Finom’s funding… Read More

The Case for Digital Banking Services in Malaysia, and Globally, has Become Stronger Due to COVID-19: Report

The Coronavirus (COVID-19) outbreak has created major social-economic challenges for individuals and businesses throughout the world. The pandemic has led to an increase in the use of Fintech-focused services, which has helped some companies generate more revenue during these difficult times. However, the crisis has… Read More

Fintech Firm Artis Technologies Introduces Artis Connect, a Cloud-powered Lending Solution for Banks, Credit Unions

Artis Technologies, a US-based Fintech firm that provides embedded financial services platforms for digital, “point-of-need” lending and payments, has launched Artis Connect, a cloud-powered, white-label lending solution for banking institutions and credit unions. According to a company release, the solution aims to reach more clients… Read More

Fintech: Saudi Arabian Monetary Authority to Allow 9 More Financial Technology Firms to Participate in National Regulatory Sandbox Program

The Saudi Arabian Monetary Authority (SAMA), the nation’s reserve bank which is also responsible for ensuring the growth and soundness of the Kingdom’s financial system, confirmed on April 19, 2020 that it will allow nine more Fintech firms to provide services through a regulatory sandbox… Read More

Fintech Firm Ant Financial Introduces Consortium Blockchain Platform, OpenChain, to Help SMEs with Developing DLT Apps

Ant Financial, the Fintech division of Chinese multinational e-commerce giant Alibaba Group (NYSE:BABA) and the parent firm of Alipay, has introduced its consortium blockchain platform. Referred to as “OpenChain,” the platform will assist small and medium-sized enterprises (SMEs) with developing blockchain or distributed ledger technology… 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

COVID-19 Relief Efforts: UK-based JudoPay, a Mobile-First Payment Platform, to Participate in #KeepBritainMoving Initiative

UK-based JudoPay, a mobile-first payment platform, has confirmed that it will be taking part in the #KeepBritainMoving initiative, which has been launched in response to the economic uncertainty resulting from the Coronavirus (COVID-19) outbreak. JudoPay is planning to support UK-based SMEs during these challenging times…. Read More

UK-based Banking Group NatWest’s Online Business Bank, Mettle, to Offer FreeAgent’s Accounting Software for Free

UK-based banking group NatWest‘s online business services bank, Mettle, will be providing free access to FreeAgent’s cloud-powered accounting software The software should help freelancers, sole traders and small and medium-sized enterprises (SMEs) with handling their accounting work. Companies that sign up to connect their FreeAgent… Read More

India-based PayU, a Leading Payment Gateway, Introduces Initiatives to Help Merchants and SMEs Deal with COVID-19 Crisis

India-based PayU, a leading payment gateway, has introduced several projects and measures,  in order to assist local vendors, small and medium enterprises (SMEs), and business owners in dealing with the disruption due to the Coronavirus (COVID-19) outbreak. The initiatives launched by PayU will help businesses… Read More

Become CEO Eden Amirav Comments on SME Lending in a COVID-19 Reality: a Scary 99% Shutdown

The economic impact of the COVID-19 pandemic is not yet fully understood. We all know it is going to be bad – the question is how bad and how long. In the US, the current administration has rushed to escort a huge stimulus bill through… Read More

Lendio CEO Calls CARES Act Process to Provide Support for SMEs a “Mess”

Last week in advance of the opening up of federal subsidized programs to backstop small businesses in the US crushed by the COVID-19 pandemic, Lendio CEO Brock Blake took to Twitter to criticize the lack of coordination between the US Department of Treasury and the… Read More

Online Payments Company Skrill to Now Offer Free Services to SMEs Providing Products or Services to Support Communities During COVID-19 Pandemic

Online payments company Skrill announced on Wednesday it is now offering its wallet and Quick Checkout solution free of charge to the many small to medium-sized businesses (SMEs) around the world that are providing products or services supporting communities during the COVID-19 pandemic.  According to… Read More

Online Lender Kabbage Furloughing Employees: Report

Kabbage, an online lender focusing on SMEs, is apparently temporarily laying off employees in light of the COVID-19 pandemic. Additionally, a support center in Bangalore is said to be shuttering and executives are taking pay cuts as the Fintech struggles to adapt in a landscape… Read More

How Fintechs Can Build Trust with SMEs in Latin America

Small businesses in emerging economies are notoriously underfinanced. Despite making up over 99.5% of the economy in Latin America, SMEs face a financing gap in the trillions of dollars. For example, up to 78% of small businesses in Argentina and 45% in Peru struggle to… Read More

Digital Banking: Australia’s Tyro Payments Reports that its Transaction Volumes are Steadily Increasing During Coronavirus Outbreak

Sydney-based Tyro Payments (ASX: TYR), an Australian Fintech institution that specializes in merchant credit, debit and EFTPOS acquiring, reports that its transaction volumes during the past three weeks have been steadily increasing. Tyro Payments notes that from March 1 to March 20, there was a… Read More

UK-based Capitalise.com Is Offering Coronavirus Business Interruption Loan Scheme Applications to Allow Firms to Obtain Government-backed Loans

UK-headquartered Capitalise.com is offering Coronavirus Business Interruption Loan Scheme (CBILS) applications, which will allow small business owners to obtain government-backed loans (if approved). Capitalise.com noted that it aims to assist businesses by giving them access to funding which  they may require to “confidently navigate this… Read More

Online Lending Platform Trade Ledger Forms Fintech Taskforce with Wiserfunding, Nimbla, NorthRow

Trade Ledger, an online lending platform; Wiserfunding, a digital credit scoring platform for small and medium-sized enterprises (SMEs); Nimbla, a trade credit insurance provider; and NorthRow, a remote client onboarding platform have formed a Fintech taskforce. The taskforce aims to offer an origination and underwriting… Read More

Majority of European SMEs are Still Working with Traditional Financial Service Providers, New Report Reveals

Most small and medium-sized enterprises (SMEs) continue to prefer and work with traditional financial service providers, even though there are now many new digital-first businesses. This, according to Revolut Business, which has published a report, titled “2020 Vision: Taking a closer look at antiquated banking… 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

Mexican Fintech Credijusto Secures $100 Million in Debt from the Credit Suisse Group to Help Finance Local SMEs

Credijusto, a Mexican Fintech firm, has revealed that it has secured $100 million in debt from Credit Suisse Group, a Switzerland-based multinational wealth manager, investment bank and financial services company. Credijusto says that it acquired the capital in order to issue more loans to SMEs… Read More

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