RBS acquires FreeAgent
The deal values cloud accounting firm FreeAgent at $75 million (£53 million).
SME
TSB joins lendtech race with Business Marketplace
Plans to become UK’s first high street lender to link to rival’s digital deals.
Square boxing clever for slow cash flow
Releases its new Instant Deposit service for UK businesses.
UK regulator grants Tide e-money authorisation
UK-based SME banking start-up Tide is “entering adulthood” as it turns 15 months old.
Australia’s challenger bank Tyro launches Tap & Save payments service
Tyro’s new service enables merchants to process debit tap-and-go payments through the Eftpos network.
Metro Bank in shout out for “walk out trading” service
Will allow businesses to accept debit and credit card payments as soon as account is opened.
Online payroll and HR tech provider Gusto goes freemium
Gusto’s HR Basics offers small businesses a set of basic HR tools for free.
BlueVine and Veem: SME financing meets cross-border payments
New partnership to enable small business owners to save on international payments.
India’s government looks for flexible fintech
Nation seeks to promote financial inclusion and make regulations more flexible.
Kapow! Kofax to power Spotcap’s credit assessment algorithm
SME financing provider Spotcap has implemented Kofax’s Kapow robotic process automation (RPA) software.
Nesta offers £2.5m prize fund for fintech start-ups
Applications are open for next phase of its “Open Up Challenge”.
Facebook Messenger fuels Mastercard’s payments pursuit in Africa and Asia
Pilot in Nigeria is start of larger plan to get more businesses into their version of digital economy.
Dream Payments and Mastercard speed up insurance payouts
Cloud-based payments platform Dream Payments has teamed up with Mastercard.
Virgin Money’s digital bank edges to beta testing
Beta testing expected in the second half of this year.
Fintech funding round-up: 21 February 2018
Stars Anyfin, CivilisedBank, Greenlight Financial Technology, Even Financial and Wealthsimple.
Soldo and Starling pair up for business banking
Business banking better than before.
Infinitec unleashes digital finance solution for German SMEs
A Software-as-a-Service solution for integrated finance management.
Fintech funding round-up: 13 February 2018
From India via Israel to Finland – starring MoneyOnMobile, Tipalti and Zervant.
Distribution Finance Capital seeks UK banking licence
DFC is focused on providing additional working capital to product manufacturers, distributors and dealer networks.
Singapore’s FinLab unveils SME accelerator programme
Four-month programme will start in March and eight places are up for grabs.
Davo launches two new apps for SME cash management
Welcome to Davo Sweep and Save, and Davo Savings Club.
Podcast: [the SME sector is] so hot right now
11:FS Fintech Insider show featuring FinTech Futures’ Tanya Andreasyan.
Fintech funding round-up: 7 February 2018
Welcome to another wave of wondrous wealth. Features Autobooks, Finomial and Rebuildingsociety.
UK regulator reveals retail banking remedies
Overdraft warnings are one of the fixes brought in as part of CMA’s investigation.
Xero and Kaseya form data sharing duet
Cloud-based accounting platform and IT management solutions provider get together.
UK Finance brings simpler banking to SMEs
18 business bank account providers agree to same basic set of information.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Scottish billionaire mulls new bank for SMEs
Jim McColl, one of Scotland’s richest men, prepares to enter the UK banking arena.
Bitbond and 1741 Fund Management launch alternative investment fund
Institutional investors will have access to SME loans originated through Bitbond’s lending platform.
UK SME lender Ezbob raises $21m from Russian PE firm
Investment from Moscow-based firm Da Vinci Capital Management.
TSB to invest £100m into UK’s SME sector
An initial tranche of £30 million will be invested via TSB’s new investment vehicle, BlueWaves.
BlueVine boosts invoice factoring credit line to $5m
Small business lender doubles the size of its invoice factoring solution.
Fintech funding round-up: 29 January 2018
Features Tender Armor, OpenDoor, Duco and Sancus Finance.
StreetShares brings in $23m in equity funding
StreetShares has landed $23 million in equity funding, bringing total investment to $43 million.
New bank to launch in California, Endeavor Bank
First new bank to open in San Diego in ten years and one of only two new banks in California since 2010.
Top fintech stories this week – 26 January 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
New UK mobile bank Countingup brings heart to sole traders
Will focus on the 4.5 million sole traders, freelancers and contractors in the UK.
Payments round-up: 23 January 2018
Features DBS Bank, Xero, WeChat Pay and Bank of America Merrill Lynch.
Fintech funding round-up: 23 January 2018
From London to Asia. Stars Anorak Technologies, Funding Societies and Mekar.
Danske Bank UK picks Datactics data quality software
Used for single customer view processes in Northern Ireland.
