Tagged: sme’s

November 26, 2024 @ 4:35 pm By Omar Faridi  |  

iwoca, one of Europe’s SME lenders, announces access to a £500,000 fund to help small businesses and employees build skills in artificial intelligence (AI) and data analytics. Teaming up with learning provider Multiverse, iwoca can now transfer half of its unused apprenticeship levy (~£250,000) to… Read More

November 11, 2024 @ 7:53 am By Omar Faridi  |  

European SME lender iwoca has reportedly secured £200 million in debt funding. Fintech iwoca, which claims to be one of Europe’s biggest SME lenders, announces a new £200m package of debt funding from Citi and Waterfall Asset Management and reportedly doubles its SME loan offer… Read More

November 9, 2024 @ 7:58 pm By Omar Faridi  |  

Beechbrook, the specialist lower mid-market private debt manager, has announced the first close of its fourth UK SME Credit Fund, UK SME Credit IV LP, with commitments totalling £151 million (including separately managed accounts). A total of £40 million has been committed to the fund… Read More

October 19, 2024 @ 4:19 pm By Michael Wong  |  

The Hong Kong Monetary Authority (HKMA), in collaboration with the banking sector, announced several measures to support small and medium-sized enterprises (SMEs) in their development, upgrade, and transformation. Aimed at enhancing competitiveness and productivity, these initiatives come as SMEs navigate changing market conditions. Since launching… Read More

October 19, 2024 @ 4:18 pm By Omar Faridi  |  

Activity at small and medium-sized businesses fell “marginally” in September, while new work and employment numbers continued to grow, the NatWest SME Growth Tracker has revealed. The NatWest UK SME Business Activity Index – which aims to effectively measure MoM changes in the output of… Read More

October 18, 2024 @ 7:39 am By Omar Faridi  |  

Almost half (49%) of small businesses in the UK stated that they have not benefited in some way from falling inflation this year, according to a new poll commissioned by iwoca — one of Europe’s SME lenders. The research study, which comes ahead of the… Read More

October 17, 2024 @ 8:23 am By Omar Faridi  |  

Tide, the UK’s business financial platform, has partnered with Adyen (ADYEN:AMS), the global financial technology platform for businesses, in order to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app. Tide is making Tap to Pay on… Read More

October 14, 2024 @ 11:44 am By Omar Faridi  |  

A Bank of America (NYSE: BAC) study reveals that the vast majority or almost 80% of U.S. based business owners are now anticipating revenue growth in the coming year. Bank of America noted in an extensive update, covering all key demographics in the United States,… Read More

October 12, 2024 @ 7:53 am By Omar Faridi  |  

Profitability of Germany’s small and medium-sized banks and savings banks (less significant institutions, or LSIs) improved considerably in 2023. This, according to an extensive update from BaFin. BaFin noted in a recent report that institutions in Germany have achieved stronger earnings during the period of… Read More

October 9, 2024 @ 6:17 am By Omar Faridi  |  

Assetz Capital, an estabished lender to the UK SME property markets announced that it has appointed four senior executives to its Board. Assetz Capital, a company that has been focused on the United Kingdom‘s SME commercial property and residential development markets, announced in a blog… Read More

October 8, 2024 @ 8:21 am By Omar Faridi  |  

Fintech Storfund has announced a partnership with TikTok Shop that will introduce the first fully embedded cash flow solution in a major US marketplace. This change is expected to benefit sellers on the social media app. Referred to as Daily Advance, the product should reportedly… Read More

October 6, 2024 @ 2:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) announced recently that it has launched various new benefits in support of small businesses operating across Canada. Curated new cardholder benefits provide savings on products and solutions tailored to meet the requirements of Canadian business owners. In order to to acknowledge Small… Read More

September 30, 2024 @ 8:47 am By Omar Faridi  |  

UK Fintech firm Codat has recently released its FY 2023 report. The UK based Fintech Codat is reporting a modest £14 million in total revenue for this period a swell as £34 million in losses for the same financial period. Codat is a UK-headquartered fintech… Read More

September 29, 2024 @ 12:36 pm By Omar Faridi  |  

BILL (NYSE: BILL), a financial operations platform for small and midsize businesses (SMBs), announced new payment offerings for SMBs and accountants to make payments faster, easier, and more secure. The new capabilities, which are “part of BILL’s powerful payments engine, include a new international payment… Read More

September 28, 2024 @ 10:32 am By Omar Faridi  |  

Santander (NYSE: SAN) has added new benefits for the entrepreneurs, startups, scaleups and SMEs that form part of its Santander X global platform that helps companies in 11 countries grow through the stages of their life cycle — “from launching a project to scaling a… Read More

September 27, 2024 @ 9:26 am By Omar Faridi  |  

Multitude Bank p.l.c., a core subsidiary of the Nordic-born listed Fintech, Multitude Group, offers digital lending and online banking services to consumers and SMEs across Europe. The Bank has now partnered with Salt Edge, an open banking platform, with “a goal to enable instant loan… Read More

September 25, 2024 @ 7:26 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, is expanding its capacity to underwrite businesses with an annual revenue of up to $1 billion, it was announced recently. With capacity from of global specialty (re)insurance provider Chaucer Group,… Read More

September 22, 2024 @ 9:09 am By Omar Faridi  |  

Ahead of a “painful” Budget expected this autumn, new research from independent SME funder Bibby Financial Services (BFS) reveals that UK SMEs consider tax incentives and access to finance as two critical areas that need “to be addressed by the Government to unlock growth.” Data… Read More

September 14, 2024 @ 12:42 pm By Omar Faridi  |  

Bluevine, the banking platform that serves as the financial operating system for startups and small businesses, announced its 2024 Mid-Year Business Owner Success Survey (BOSS) Report, benchmarking the data behind the actual decisions that US-based small business owners (SBOs) are making and informing their future… Read More

September 3, 2024 @ 11:06 pm By Omar Faridi  |  

Small-and-medium-sized enterprises (SMEs) are increasingly looking to global markets to fuel their growth. According to Mastercard’s 2023 Borderless Payments Report, 50% are now “conducting more international business than they did in 2021, contributing to over $17 trillion in annual cross-border payments.” Despite this momentum, growth… Read More