JP Morgan and OnDeck part ways
While OnDeck pursues a banking charter.
SME
SME lender B-North welcomes funding
Manchester-based B-North has applied for a banking licence.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
WhatsApp Pay coming to India later this year
It will need to comply with all of the regulations ahead of its launch.
Lithuania seeks to attract more fintech firms
Thought leaders in Vilnius wish to increase their C-suite intake.
New challenger revverbank picks Fusion for core banking capabilities
The proposition will be underpinned by Microsoft’s Azure platform.
Capital on Tap partners with Marqeta
It has provided nearly £1 billion in funding to more than 60,000 small businesses in the UK.
PayMate raises series D to accelerate growth
The Indian B2B paytech raises money for domestic and international growth.
Waddle and RBS pilot partnership
RBS is one of the first banks to offer an automated working capital solution to its customers.
Top fintech stories this week – 19 July 2019
PayTech Awards winners announced!
How banks can take a new look at SMEs
Brand new, designed from the ground up platforms will enable the creation of trust by unlocking the door to data.
Ebury joins forces with Unicaja Banco
Partnership offers global transaction services to the bank’s SME customers.
SumUp enhances payments for SMEs with €330m funding
Following the acquisitions of Debitoor and Shoplo.
White paper: The architect’s guide to digital core banking in the cloud
Download the Five Degrees white paper now
Bitbond celebrates STO raising $2.3m
The token offering makes Bitbond the first issuer to have its prospectus approved by BaFin.
SpotOn targets SMEs with exclusive TSYS deal
The agreement will expand payments capabilities to merchants.
White paper: How to scale a fintech
Download the GoCardless white paper now
Open hits $50m funding for SME banking
The Indian fintech will use the funds to scale up the team.
Next decade is set to be transformative for small business finance
The tools on offer and the demographic of small business owners will change dramatically in ten years’ time.
Xero and Stripe team up to help small businesses get paid faster
A champion move to help small businesses (SMBs) get paid faster and give them more options on how they get paid.
PayFit to double workforce with €70m funding round
French startup automates payroll and HR processes for SMEs.
H&R Block acquires Wave Financial for $398m
It follows Wave’s recent acquisition of Every.
SME payments firm SpotOn to build on growth with $40m funding
The fintech has grown by more than 400% in 12 months.
Amaiz launches brand new banking app for entrepreneurs
It aims to release customers from time-consuming admin and paperwork.
Biz2Credit closes $52m Series B round
Bix2X platform aims to improve access to working capital for SMEs.
First Marco Polo trade finance pilot between Asia and Europe
Bangkok Bank and Commerzbank test DLT-based trade finance solution.
Purpose extends digital portfolio by acquiring CreditGenie
Toronto-based CreditGenie aims to disrupt point-of-sale financing.
Half of SMEs are getting paid after 72 days
More than one-third of start-ups and SMEs are suffering with cash flow issues, with a total of £26bn owed to them.
Holvi expansion targets micro businesses in five new European markets
Finnish start-up serves “everyday entrepreneurs” with business current accounts.
Canadian CIBC launches platform for SMEs
It allows users to manage accounting and payroll insights.
Flagstone gains £11m of capital injection for market expansion
Backers include Kindred Capital, Moneysupermarket Group, and VentureFounders.
Countingup and Hokodo partner for invoice insurance service
This is intended to create a new service allowing UK SMEs to protect their income on an invoice-by-invoice basis.
Mastercard acquires Transactis to boost Bill Pay Exchange
Transactis makes digital payment services available to small businesses.
BlueVine and GovQuote team up to fund SMEs
SLED agencies can take advantage of GovQuote’s technology to get quotes and a complete digital record for compliance.
Fractal Labs wins Deloitte’s first fintech portfolio investment
The company is based in Deloitte’s London fintech lab.
Equifax acquires PayNet to boost SME credit access
PayNet CEO says deal will support “Main Street American business”.
LendingClub shuts down SME lending arm
And redirects to alternative businesses.
Challenger bank Masthaven receives £60m investment
Masthaven aims to significantly increase lending to SMEs and consumers.
Judo becomes Australia’s first SME-focused challenger bank
APRA has granted a full banking licence.
Ithala SOC selects Intellect Design to support expansion plans
The system integrator will be Tech Mahindra.
