Forward Financing to build on growth with $90m credit facility
Deal is described as “transformative” for the company.
SME
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.
Webinar: Digital, Data and Disintermediation – Modern Banking
Register for the FinTech Futures and Information Builders webinar now
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.
Honeybook raises $28m to help freelancers
An app targeting freelancers and solo entrepeneurs.
Project BankNorth partners with nCino ahead of 2020 launch
The bank will use nCino’s Bank Operating System for customer experience.
New cash flow platform Avrium hits the UK market
Aiming to help SMEs mitigate cash flow risk.
Challenger banks country by country: who’s who (and what’s their tech)
Comprehensive and free guides for UK, Spain, Germany, France, US, Canada, South Africa, Australia, India and Hong Kong.
StanChart to set up digital SME platform in India
Will offers business loans, invoice/supply chain financing, and commercial insurance.
Dutch SME lender Finturi raises €2m funding
The start-up uses blockchain and AI for its lendtech platform.
Lloyds, NatWest and Barclays team up for business banking hubs
The three banks will pilot the UK’s “first” shared hubs for SMEs.
CULedger teams up with IBM for blockchain network
A cooperative model designed for credit unions and SMEs.
UK fintech regulator puts bigger fines on the menu
FCA confirms increase in Financial Ombudsman Service award limit.
Wave acquires Canadian SME account provider Every
Software firm plans to integrate more financial products and services.
UOB targets SME digital market in Thailand
With support from DEPA, NSTDA, OSMEP and The Finlab.
DBS Bank steps up interest in India
Singapore entity launches wholly owned subsidiary DBS Bank India Limited.
White paper: Intelligent business software solutions enabling fintech companies to grow
How can you grow your fintech firm with a business software solution?
Proactis gets £20m funding from HSBC for SME action
To help SMEs with liquidity management.
The reality of Brexit for small businesses
Small businesses are applying a practical no-nonsense approach to protect themselves and their business.
RFI Global Business Banking Summit 2019: The age of branch banking is over
The time of digital has come.
New Valley Bank & Trust gears up for launch in Massachusetts, selects new lendtech
New Valley Bank & Trust has selected Baker Hill NextGen for its commercial and small business lending operations.
HSBC mixes with NepFin for middle market move in US
American firms via NepFin can now tap into HSBC’s commercial banking services and its network.
Bank of Ireland unveils €2bn Brexit fund for SMEs
“Brexit isn’t ‘business as usual’.”
Validus Capital raises $15m for SME financing
Series B round led by Dutch public-private development bank FMO.
Fun days for insurtech start-up Sunday with $10m funding
Malaysia, Indonesia and Singapore are the next stops for the Thai firm.
Starling Bank promises 400 new UK jobs with £100m grant
UK challenger also pledges to invest £95 million of its own money.
Metro, Starling and ClearBank win RBS fund
The Capability and Innovation Fund’s first pool grants a total of £280m.
Sasfin takes equity stake in South African lendtech Payabill
Johannesburg-based firm looking for more SME action.
Nigerian paytech OyaPay is no more
“Our grand experiment is at an end after 365 days.”
Capitalise captures £3.5m funding
UK firm helps accountants provide advice for their clients.
