Tagged: sme’s

September 7, 2023 @ 3:11 pm By Omar Faridi  |  

In the inaugural Small Business Financial Confidence Report, it was revealed that 54% of small business owners surveyed stated they “felt very confident in their ability to make sound growth decisions.” The latest data polled and shared by American Express (NYSE: AXP) two months later… Read More

September 7, 2023 @ 7:55 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced plans to further expand its footprint in the UK market “with a new senior appointment and launch of its AI-powered cyber insurance program.” With more than half (54%) of SMEs in… Read More

September 6, 2023 @ 7:31 am By Omar Faridi  |  

The vast majority of SME finance experts expect the Government to “miss its target of halving inflation by the end of the year,” iwoca’s latest Q2 2023 SME Expert Index finds. The new research, carried out with over one hundred SME finance brokers who collectively… Read More

September 2, 2023 @ 11:01 am By Omar Faridi  |  

Xero recently announced new AI-powered product features and enhanced product experiences designed “to help small businesses and their advisors work smarter and more efficiently.” As noted in the update from Xero, the new innovations include: Enhanced AI-powered predictions in bank reconciliation and Xero Analytics Plus… Read More

August 31, 2023 @ 4:57 pm By Michael Wong  |  

Uplinq, a global credit and scoring assessment platform for small business lenders, has teamed up with digital payments giant Visa to provide scoring and risk assessment tools to small business lenders throughout the US and Canada. As per the agreement, Visa will facilitate the introduction… Read More

August 30, 2023 @ 10:55 am By Omar Faridi  |  

GoCardless, the bank payments company, has announced it is renewing its strategic partnership with Xero, the global small business platform, for another five years. The agreement builds on a long-term relationship which “started in 2016, focused on helping small businesses get paid faster.” For GoCardless… Read More

August 30, 2023 @ 9:33 am By Omar Faridi  |  

Banks have long struggled to serve small and midsize enterprises (SMEs) effectively, despite the prominence of these companies in national economies, as SMEs recently “represented just over half of gross value added in the European Union and just under half in the US.” As noted… Read More

August 30, 2023 @ 8:52 am By Omar Faridi  |  

UK-based SME funding advisors are reporting significantly lower levels of activity and fewer business pipelines when compared to earlier this year. This, according to a survey conducted by the team at ThinCats. The firm reported that over 55% of advisor surveys reveal that there are… Read More

August 29, 2023 @ 9:46 pm By Omar Faridi  |  

The India Digital SME Credit Report 2023 released in collaboration between GetVantage and Redseer Strategy Consultants estimates that “a potential US$ 220 Bn credit deficit poses a roadblock to unlocking the economic potential of millions of digitized businesses.” Out of the current US$ 220 Bn… Read More

August 29, 2023 @ 4:57 pm By Omar Faridi  |  

Justworks, the technology company leveling the playing field for small businesses, is announcing an International Contractor Payments solution “to help small businesses attract and retain contractors outside of the U.S, furthering its mission to help fuel small businesses’ growth.” With these new international capabilities: All… Read More

August 28, 2023 @ 11:04 pm By Omar Faridi  |  

The increased cost of doing business is “preventing the UK’s 5.5m small and medium-sized businesses from going green,” new research finds. With core inflation rates at 6.8% – the highest in 31 years – protracted high costs could be delaying SME owners’ plans “to green… Read More

August 23, 2023 @ 6:42 pm By Omar Faridi  |  

Ramp, the finance automation platform designed to help businesses spend less, today announced a $300 million Series D on the back of strong revenue growth, “increasing market share among small and mid-sized businesses, and successful expansion into the enterprise segment over the past year.” Ramp… Read More

August 23, 2023 @ 1:31 pm By Omar Faridi  |  

Pie Insurance, a tech-enabled provider of workers’ compensation insurance to small businesses, announced it appointed four industry experts to its leadership team. Carla Woodard was promoted “to vice president of claims, Jaime Gilliam-Swartz was appointed to vice president of customer service and operations, Arash Sadati… Read More

August 22, 2023 @ 8:39 am By Omar Faridi  |  

Cynergy Bank announces that it has secured a £20 million Tier 2 capital facility from British Business Investments. The capital will be deployed “across Cynergy Bank and Cynergy Business Finance.” The new funding from British Business Investments, “a wholly-owned commercial subsidiary of the British Business… Read More

August 20, 2023 @ 9:54 pm By Omar Faridi  |  

DBS (SGX:D05) and international certification body, TÜV SÜD, announced a year-long partnership to provide comprehensive training, testing, verification, and validation activities “for sustainability assurance and certifications to mid-cap firms as well as small and medium enterprises (SMEs).” Both parties will also “conduct joint outreach activities… Read More

August 17, 2023 @ 8:33 am By Omar Faridi  |  

Payoneer Singapore Private Limited, a subsidiary of Payoneer Global Inc. (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized enterprises (SMEs) to transact, do business, and grow globally, has been “granted a Major Payment Institution License from the Monetary Authority of Singapore… Read More

August 14, 2023 @ 8:43 pm By Omar Faridi  |  

Maybank and Credit Guarantee Corporation Berhad (CGC) announced the launch of the first-of-its-kind direct Application Programming Interface (API) platform for the SME Digital Financing. This integration effects faster CGC guarantee approval process “through real-time approvals, empowering the small and medium enterprises (SMEs) with instant access… Read More

August 11, 2023 @ 8:15 am By Omar Faridi  |  

Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services and solutions, in collaboration with Thought Machine, a pioneer in cloud-native core banking technology, unveils the groundbreaking SME Customer Onboarding Platform. This solution empowers financial institutions “to expedite and digitize… Read More

August 10, 2023 @ 5:08 pm By Omar Faridi  |  

upSWOT announces a pilot partnership with NerdWallet Small Business aimed at further enhancing the financial services offered to their SMB customers. This collaboration brings together upSWOT’s data-driven embedded finance tools and NerdWallet Small Business’ financial guidance “to empower small businesses with comprehensive financial solutions.” upSWOT’s embedded… Read More

August 10, 2023 @ 12:25 pm By Omar Faridi  |  

Tookitaki, a trusted leader in the anti-money laundering space, announced the launch of its Compliance-as-a–Service (CaaS) solution for small and mid-size financial institutions globally. This innovative SaaS offering, optimized “for cost and efficiency, gives financial institutions (FIs) access to Tookitaki’s flagship compliance solution – the… Read More