Two founders turned bankruptcy into growth
The start-up landed a €2.5m seed investment this year from Paris-based investor BlackFin.
SME
Designing the digital services that US SMBs deserve
They’re also intrinsically linked to the powerful notions of freedom and the American Dream.
FCA permanently bans marketing of mini bonds
The FCA will extend it to other speculative investments that are hard to trade.
Santander’s PagoFX rolls out business offering and adds more currencies
Eight currencies from the Middle East and Central and Eastern Europe (CEE) have been added.
Nigerian fintech KiaKia launches P2P lending investment app
Until this announcement, its P2P lending investment service has been exclusive.
FX fintech Wallex lands Series A led by Ant Financial-backed VC
The value of the round has not been disclosed.
Reaping the real benefits of data sharing
Data sharing enables banks to more effectively serve customers across the lifecycle.
Stripe adds Bacs Direct Debit to compete with UK rivals
Stripe will directly compete with UK home market player GoCardless.
PayTech Awards winners: where are they now? ANNA – Best Corporate Payments Initiative
ANNA has been busy onboarding customers and adding features to its platform for SMEs.
Belgian challenger Aion rolls out business banking app
The ‘Premium Plan’ is €39 a month.
UK SME lender B-North adds TruNarrative to its tech stack
The two have been working together since early 2019.
UK fintechs Tide and Liberis land loan accreditation
Tide is aiming to get loan delivery up and running today.
SME fintech ANNA bags £17.5m from ABHH Group
The investment values it at $110m, with the founders keeping a 40% stake in the start-up as part of the deal.
Six fintech innovations that bank lenders must embrace – and fast
Here’s a review of cutting edge tech.
A bumpy road for alternative lenders
Coronavirus crisis opportunities for alternative lenders come with big risks.
Why alternative lending will be essential to save UK SMEs
This makes it the ideal tool to help SMEs through COVID-19.
Business banking app Countingup lands £4m led by ING
ING says Countingup is a “digitally disruptive solution”.
How UK fintechs can help SMEs accelerate payments digitalisation
There are a number of issues for SMEs when it comes to cash transactions.
Webinar: Digitising the commercial lending process in times of crisis
How to support business clients now, when they need it the most, with an expedited digital lending process.
Tide picks Mambu to power credit facilities and overdrafts
Tide is revamping its customer offerings and adding new functionality with Mambu.
Bankers blindsided by £50K loan limit under UK bounce back scheme
Senior bankers had worked over the weekend on the basis that the ceiling would be £25k.
Capital on Tap integrates TrueLayer to boost SME lending service
Capital on Tap has also created new services to aid COVID-affected businesses.
bunq launches shared ‘bunq +1’ accounts for parents and businesses
Users can add as many bunq +1s as they want for a flat fee of €2.99 each month.
UK lenders call on government for £5bn to help SMEs before month end
The group is welcoming all UK lenders to join the effort to keep British SMEs afloat.
Tech for good
Highlighting how tech companies have come to the rescue during the COVID-19 crisis.
The future of commercial lending lies in leveraging AI to enhance humans
Humans have been completely removed from the decision workflow and replaced by technology.
Why the virus that stopped the world, opens a door for tech start-ups
During these difficult times the survival of many companies will depend on their ability to adjust to a new reality.
UK government launches £1.25bn coronavirus Future Fund for start-ups
Start-ups can apply for loans between £125,000 and £5 million.
COVID-19: Highlight of the week
This week, we focus one particular coronavirus news item affecting the fintech industry.
What the Fintech? Episode 3 | Digital disruption: Bitcoin and stable coins
Tune in to hear what Gemini’s MD for Europe, Julian Sawyer, thinks about digital currencies.
More than 275 accountancy firms ask UK government to plug gaps in SME aid
“Entrepreneurs face their business being crushed,” says the letter.
Tide launches Coronavirus Government Support Eligibility Checker
Its aim is to help SMEs get access to the financial aid during this time of crisis.
VibePay opens up APIs to SMEs, lands £1.25m funding
Originally planned for Q3 of 2020, the fintech brought the launch forward
PayTech Awards deadline extended! Submit your entry by 30 April
We have received more requests for extensions than ever before, so we are extending the entry deadline again until the end of April.
Square, PayPal and Intuit QuickBooks approved to hand out SBA loans
“This is a race to save jobs in the present and for the future,” says PayPal.
COVID-19: Weekly wrap
FinTech Futures’ weekly coronavirus news wrap.
Video: Top fintech stories this week – 10 April 2020
FinTech Futures’ weekly news round-up.
Top 10 coronavirus initiatives by fintechs
Many fintechs have used this pandemic as an opportunity to show their mettle.
App-based payment solutions to delight merchants and their customers
The world of commerce is abuzz with the need to delight customers by providing a digitally enhanced shopping experience.
China calls on banks to lend more aggressively to small businesses
Analysts say cheaper loans will help the broader Chinese economy weather the current slowdown.
