SpotOn targets SMEs with exclusive TSYS deal
The agreement will expand payments capabilities to merchants.
SME
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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.
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.
Purpose extends digital portfolio by acquiring CreditGenie
Toronto-based CreditGenie aims to disrupt point-of-sale financing.
Canadian CIBC launches platform for SMEs
It allows users to manage accounting and payroll insights.
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.
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.
Forward Financing to build on growth with $90m credit facility
Deal is described as “transformative” for the company.
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.
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.
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Credijusto closes $100m credit facility with Goldman Sachs
The Mexican lendtech provides SMEs with credit.
Honeybook raises $28m to help freelancers
An app targeting freelancers and solo entrepeneurs.
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.
CULedger teams up with IBM for blockchain network
A cooperative model designed for credit unions and SMEs.
Wave acquires Canadian SME account provider Every
Software firm plans to integrate more financial products and services.
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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.
Bill.com bans wire transfer fees for small businesses
Here’s a ban that businesses can really get behind.
Goldman Sachs leads $44m funding in US business credit start-up Nav
Other investors include Point72 Ventures and Experian Ventures.
Bill.com partners with Amex to offer new AP solution
Vendor Pay has arrived.
Insurtech CoverHound fetches $58m funding
Plans for US and Japan expansion.
UK and Canada unveil tech innovation competition
Open to ideas in artificial intelligence, internet of things, blockchain and cybersecurity.
Credorax turns to Temenos’ T24 Transact for payments push
Running on the Azure cloud.
AXA Venture Partners gets $150m for fintech funding
Aiming to support start-ups and digital health firms.
ScaleFactor secures $30m funding for back office automation
Texas-based accounting platform seeks expansion via “business OS”.
Top fintech stories this week – 18 January 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Kabbage powers Alibaba’s pay later payments programme
Alibaba’s SME customers can get up to $150,000 of financing.
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