Tide and GoCardless sign invoice-chasing payments partnership for SMEs
The two firms claim SMEs are suffering without timely invoice payment.
SME
Ranqx signs digital lending deal with Mambu
The New Zealand firm will deploy Mambu tech alongside its own systems.
Banks must empower SME clients with more than a repackaged retail account
“Once you strip back a lot of the functionality in retail banking it’s more about experience than solving issues.”
Nigerian fintech Lidya lends $3m to SMEs in Eastern Europe
The fintech start-up expanded into the region during the beginning of the COVID-19 lockdown.
B-North raises £1m in ongoing Series A funding round
Manchester-based firm plans full launch for later this year.
French lendtech October raises €258m
€200 million of investment is headed towards Italian firms alone.
Swift launches project for “brilliantly simple” SME cross-border payments
The messaging and infrastructure network makes next step in new strategy.
National Australia Bank pens merchant acquiring deal with Pollinate
The deal also sees NAB invest in the London-based fintech.
PayTech Awards 2020 now on YouTube: celebrity host, comedy stand-up, winners and more!
Watch Zoe Lyons perform her stand-up and unveil the winning projects, companies and people of PayTech Awards 2020.
Finom raises €10m in pre-Series A investment to expand in Europe
Netherlands-based challenger aims to launch in France and Germany in 2020.
SpotOn secures $60m Series C funding round from DST Global
The latest round puts SpotOn’s total raised at $190 million.
Trio of European start-ups raise fresh funding
Factris, KodyPay, and Swan all complete funding rounds this week.
The shifting ground of payments: are banks and SMEs aligned?
It’s safe to assume that in time, every business and consumer will expect immediate settlement as a norm.
UK fintech trio found Cape to tap Australia’s SME credit card market
Australians’ credit card debts fell to a 15-year low in July.
US payments firm Melio raises $80m in Series C funding round
Melio plans to use its new funding to expand and reach more customers.
UK fintech Funding Xchange lands $10m in Series A funding round
The fitnech last raised funds in November 2019.
FinovateFall 2020: Dealing with a new digital normal
FinTech Futures speaks to Tracy Schlabach, Accusoft senior manager for product and customer marketing.
Metro Bank unveils new “15 minute onboarding” for SMEs
The bank’s new online journey auto-populates business data.
Form3, Countingup and PPS create new SME offering
The SME market contributes around £2 trillion a year to the UK economy.
Mauritius Commercial Bank launches SME app powered by Backbase
Juicepro has seen 1,000 registered users in a month.
Xero to acquire Aussie invoice lending platform Waddle for $57m
Xero’s shares hit more than AUD 100 on 25 August.
US unicorn AvidXchange launches secondary offering
AvidXchange says it’s had a three-year growth rate of 133%.
2020 PayTech Awards hosted online by Zoe Lyons
Join our celebrity host Zoe Lyons for PayTech Awards 2020! Free broadcast on 10 September – everyone is welcome.
Mastercard partners with AlRaedah Finance on Saudi SME payments
The “SME in a Box” will offer SMEs direct access to fast funds.
British Business Bank extends CBILS deadline
Firms have two months to consider the cases, making the final approval on 30 November.
American Express acquires SoftBank-backed Kabbage
Reports earlier this month put the value of the acquisition at up to $850 million.
Holvi becomes next UK casualty, exits just six months after launch
The Finnish start-up says its departure is down to both COVID-19 and Brexit.
Metro Bank goes live on Sensibill after successful pilot
The launch is part of a wider technology drive on the bank’s mobile app.
Streamlining manual processes amid COVID-19
Find out how to digitise manual documentation processes with Foxit Software.
Agora Services debuts teen and SMB banking solutions
The new white label system aims to help bank serve teen and SMB customers.
Currencycloud signs up Starling Bank for new multi-currency account
TranSwap, and Remitr have also signed up for its new multi-currency wallet.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
HSBC and Microsoft partner to support Hong Kong SMEs
The two firms have signed a year-long partnership.
AMTD Group teams with SME partners ahead of Singa Bank’s launch
AMTD is yet to land a licence to launch the bank.
Catering to China’s small-time exporters
Bill Deng, CEO of XTransfer, unpacks how banks have snubbed a large number of long-tail customers.
Deutsche Bank buys minority stake in Traxpay
Deutsche wants more European banks to invest in the platform.
Revolut loses banking veteran CEO after one year to upstart Allica Bank
Davies says his departure is on good terms.
Applications for FCA’s sixth regulatory sandbox drop more than 30%
Last year, the sandbox recieved a record 99 applications.
Webinar: Empowering your SME customers for the new digital normal with APIs and microservices
Real-life examples from Tide and THIS of how APIs and microservices have fuelled business transformation.
Study finds discrimination against Black small business loan applicants
Of the groups studied, Black women received worse treatment in 59% of cases.
