Tagged: sme’s

January 12, 2024 @ 12:10 am By Omar Faridi  |  

Currencycloud, the experts simplifying business in a multi-currency world, has partnered with multifi, the UK-based cashflow management platform, in order “to provide UK-based small and medium-sized businesses (SMBs) with an enhanced international payment solution, allowing them to seamlessly convert and send funds to their global… Read More

January 10, 2024 @ 3:29 pm By Omar Faridi  |  

Cyber insurance provider Cowbell announced its cyber insurance solutions are extending their reach beyond small and medium-sized enterprises (SMEs), now catering for mid-market businesses with an annual turnover of up to £1 billion. Backed by A+ rated (re)insurers, US-based Cowbell officially “entered the UK market… Read More

January 8, 2024 @ 7:08 pm By Omar Faridi  |  

Maalexi, the UAE-based dynamic risk management platform for SME agri-businesses, announces its completion of a $3 million pre-Series A fund raise. The investment round was reportedly “led exclusively by Global Ventures – MENA’s venture capital firm – which joins existing venture capital investors Rockstart (Amsterdam)… Read More

December 21, 2023 @ 11:27 am By Omar Faridi  |  

With Christmas around the corner, small and medium-sized businesses across the UK are hoping for a much-needed surge in customer spending. Research from iwoca, which claims to be one of Europe’s largest small business lenders, reveals “that more than two in five (44%) SME owners… Read More

December 21, 2023 @ 8:06 am By Omar Faridi  |  

Over a quarter (27%) of British small and medium-sized businesses have “admitted to being owed between £5,000 and £20,000 in unpaid invoices” according to research by Payit, NatWest’s open banking payments solution. The impact of late payments has been felt “across the country, with SMEs… Read More

December 19, 2023 @ 8:35 am By Omar Faridi  |  

Private credit investor TDC has secured additional commitments to its Impact Fund, unlocking vital resources for ambitious small businesses in the North of England. The Impact Fund, which focuses “on driving job creation across the North of England, was launched in May 2022 after securing… Read More

December 7, 2023 @ 3:03 pm By Omar Faridi  |  

The Mastercard Center for Inclusive Growth announced the newest grant recipients of the Mastercard Strive Innovation Fund, with nearly $2 million in grants distributed globally. Mastercard Strive supports early-stage solutions “with the potential to drive outsized impact for small businesses in the categories of sustainability,… Read More

December 5, 2023 @ 9:51 pm By Omar Faridi  |  

Nubank (NYSE:NU), one of the largest digital financial services platforms, announces the expansion of Caixinhas (Money Boxes) for business account customers. Launched in July 2022 for individual users, the feature “allows financial organization and planning in an uncomplicated, customizable way, with a yield.” The feature… Read More

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 28, 2023 @ 8:01 am By Omar Faridi  |  

This year, Bitpanda Business claims that it has distinguished itself “as an essential platform for companies stepping into the world of digital investment.” With a 27% increase in the number of business clients using their services, Bitpanda has reportedly enabled “a diverse range of companies,… 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 @ 7:32 am By Omar Faridi  |  

New data from small business lender iwoca reveals that while more than half of SME owners (55%) feel they “have a good understanding of AI, the majority are nervous about how it will impact their business.” The new research of SME owners across the UK… 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