Achieving growth of SME lending by harnessing digital customer data
An organisation’s data strategy is there to serve the overall business strategy.
SME
South Africa’s FNB turns to township trade
First National Bank partners with Selpal for new customers.
Australian challenger bank Judo gets $350m funding boost
Receives debt facility agreement with Credit Suisse.
UK challenger bank Monzo to launch business current account
Will apply for funding from Alternative Remedies Package to make this happen.
IBM and BearingPoint bopping with regtech BPO offering
Duo targets SME market with business process outsourcing.
Plastiq gets $27m funding to its credit
US firm offers way to pay bills and business expenses by credit card.
TSB’s new CEO aims for banking redemption
Debbie Crosbie to join troubled bank from CYBG. She’ll be busy.
MaxMyInterest brings clever cash management to Radius Bank
Bank to offer a new account, Radius Max Savings.
Digital receipts fintech Slyp-s into the market
Easy to use, easy to set up.
German start-up Modifi powers up for digital trade finance
New firm created by team behind payments provider BillPay.
Sizing up the real threat of challenger banks
Challenger banks’ current profitability is almost entirely unrelated from the threat they pose to incumbents.
UK challenger CivilisedBank tries again for banking licence
Bank gets more funding for this attempt.
Cashflow controller Fluidly gets $5m funding flow
Round led by Nyca Partners.
Italian lendtech Credimi feeling dreamy with €10m funding
Gets investment funds from United Ventures and Vertis.
ANNA Money, a business account that meows
The card makes the “purrfect” sound.
Bangladeshi lendtech ShopUp receives $1.62m investment
Automating online credit assessment for MSMEs.
CardFlight partners with Payscape for merchant base race
Payscape will offer CardFlight’s SwipeSimple tools.
Coconut smashes crowdfunding goal in a day
Over £650k raised, from an initial goal of £500k.
Emirates NBD debuts API sandbox
Says it’s the first bank in the UAE to introduce such a platform.
Cash management app Slide glides into the market
So SMEs can take control of their finances.
Factris receives €1.5m funding and acquires Crown Finance
The firm offers factoring to small and medium-sized enterprises in Europe.
Ahli United Bank signs up for retail payments with AFS
Utilising Android as PoS.
Blockchain start-up INVioU looks to raise $2m
INVioU looks to “create new possibilities of factoring for small businesses by using blockchain technology”.
Gusto teams with ScaleFactor to automate accounting for SMEs
Gusto business users can sync payroll and benefits directly with accounting and financial data.
ICICI Bank integrates banking and accounting with Open
Targeting India’s micro, small and medium enterprise sector.
Biz2Credit tech to provide online business loans to Popular Bank
Over half of business loans are processed online.
Futrli lands £4m funding in Series A round
Futrli was born from its founder’s “own typical experience as a small business owner”.
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.
