Futrli lands £4m funding in Series A round
Futrli was born from its founder’s “own typical experience as a small business owner”.
SME
PNC Bank teams with OnDeck to streamline SME financing
Offering digital business lines of credit up to $100,000 within one to three business days.
Monese ventures into business banking
UK and European challenger bank Monese has launched its Monese Business account, available in 11 languages.
Azimo takes on business payments
A cheaper alternative for SMEs.
USAA and StreetShares join forces for SME lending
A six-month pilot to bring small business financing to US military veterans.
New insurtech Coverly prepares for launch
On demand products aim to launch in Q1 2019.
IFC and Ant Financial launch programme for talent development
Starting in Indonesia, the programme will target APAC countries.
Amex brings SME financing to UK with ezbob
SMEs can apply for a loan in ten minutes – and, if successful – receive funds on the same day.
German business bank Penta raises €7m
The bank’s kicks off its Series A successfully.
Philippine lending platform First Circle raises $26m
Aims to expand to other countries in the region next year.
Business management software Wiise Rhipe for action Down Under
Wiise is a cloud-based platform designed to “solve SME pain points”.
Critics circle as shares flop for Funding Circle
Suddenly everyone’s an expert.
UK regulators approve CYBG’s takeover of Virgin Money
The CYBG brands will disappear as the new entity will unite under the Virgin Money name.
Insurtech Hokodo hogs €1.9m in seed funding
Providing insurance via APIs for SMEs.
Haufe Group takes stake in German challenger bank Kontist
Berlin-based firm also gets Series A funding.
SIA seeks fintech paradiso with new open banking platform
Italian firm wants to embrace almost everyone.
White paper: Digitising financial service agreements
Find out more on how to digitise financial agreements
ING invests £5m in UK lendtech Funding Options
Dutch bank also takes minority stake in the SME lending marketplace.
Thinking Capital and National Bank to offer funding to Canada’s SMEs
Bank meets fintech. A love story for the 21st century.
What supply chain finance tells us about Liam Fox’s post-Brexit export strategy
The launch of the UK Government’s Export Strategy to boost British business is very welcome.
SimpleFinance raises $15m supported by SBI Group
It’s SBI’s largest minority investment to date in a Russian company.
Abu Dhabi regulator tightens up funding rules
ADGM also teams with Beijing-based firm for Belt and Road initiative.
Novo business banking launches in US
New bank offers a current account and debit card solutions for start-ups.
India Post Payments Bank opts for FSS payment stack
Bank is targeting rural households and SMEs in the country.
Australian challenger bank Judo selects Temenos T24 core system
Bank is looking for SME sector success.
Top fintech stories this week – 7 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
South African paytech Yoco raises $16m funding
Round led by Partech with participation from Orange Digital Ventures.
UK lender Acorn OakNorth raises $100m in funding
Aiming to reach $5 billion on its lending platform.
CAN Capital receives $287m financing facility
Money courtesy of alternative asset manager Varadero Capital.
Greece’s first challenger Praxia picks Temenos T24 core banking system
As it recovers economically, SME lending can add a boost to the country.
Countingup on the up with £2.3m seed funding
UK-based challenger bank will develop its accounting features.
Funding Circle plans to raise £300m in IPO
Lending platform’s plan was first revealed in January. Now it’s official.
HSBC preparing challenger bank on the side
A beta version of this new SME bank may come this year.
PaySimple goes mad for email marketing
Unveils partnerships with MailChimp and Constant Contact.
Indonesian lendtech KoinWorks collects $16.5m funding
Series A funding round led by Mandiri Capital.
BTPN completes front office revamp with Diasoft’s Flextera
Retail bank in transformation throughout Indonesia.
Debitum debuts in alternative finance space
Blockchain-based and coming in September.
US wakes up to SME cybersecurity needs
The cybersecurity act disregarded SMEs, and this latest bill aims to fix that.
SME bank Tide feels pride with £8m investment
As happy as a clam at high Tide.
US challenger Grasshopper Bank hops into view
Selects core banking software – Temenos’ T24.
