Bitbond celebrates STO raising $2.3m
The token offering makes Bitbond the first issuer to have its prospectus approved by BaFin.
SME
SpotOn targets SMEs with exclusive TSYS deal
The agreement will expand payments capabilities to merchants.
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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.
Forward Financing to build on growth with $90m credit facility
Deal is described as “transformative” for the company.
New petition calls out big banks for stifling competition
The petition was started by the director of data analytics firm LendingMetrics.
Kabbage pulls in $700 million in debt funding
It claims to be the largest asset-backed securitization by a small business online lending platform to date.
Banco BASE chooses Volante to deliver modern payments platform
Serving corporations and medium-sized businesses in Mexico.
Partnership between Starling and FreeAgent takes flight
Aims to cut time spent on small business admin tasks.
Watermark Bank makes a splash in Oklahoma
Built for entrepreneurs for entrepreneurs, Oklahoma’s first new bank since 2009.
OnDeck acquires Evolocity
Catering for small businesses in Canada.
New $4.8m funding for SME bank Novo
The bank targets small businesses with a digital banking offer.
Qupital raises $15m Series A to expand into mainland China
Hong Kong fintech plans to hire and grow.
Italian illimity enjoys business launch and preps retail offer
The new bank is a merger of Spaxs and Banca Interprovinciale.
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Credijusto closes $100m credit facility with Goldman Sachs
The Mexican lendtech provides SMEs with credit.
Airwallex becomes payments unicorn with $100m funding
The low-cost payment provider is now expanding to the UK and Europe.
Nelito gains Myanmar microfinance win
Alliance for Microfinance in Myanmar has taken Nelito’s FinCraft core system plus the mobile and lending tech.
