Holvi expansion targets micro businesses in five new European markets
Finnish start-up serves “everyday entrepreneurs” with business current accounts.
SME
Canadian CIBC launches platform for SMEs
It allows users to manage accounting and payroll insights.
Flagstone gains £11m of capital injection for market expansion
Backers include Kindred Capital, Moneysupermarket Group, and VentureFounders.
Countingup and Hokodo partner for invoice insurance service
This is intended to create a new service allowing UK SMEs to protect their income on an invoice-by-invoice basis.
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.
Fractal Labs wins Deloitte’s first fintech portfolio investment
The company is based in Deloitte’s London fintech lab.
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.
Challenger bank Masthaven receives £60m investment
Masthaven aims to significantly increase lending to SMEs and consumers.
Judo becomes Australia’s first SME-focused challenger bank
APRA has granted a full banking licence.
Ithala SOC selects Intellect Design to support expansion plans
The system integrator will be Tech Mahindra.
Forward Financing to build on growth with $90m credit facility
Deal is described as “transformative” for the company.
New petition calls out big banks for stifling competition
The petition was started by the director of data analytics firm LendingMetrics.
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.
Partnership between Starling and FreeAgent takes flight
Aims to cut time spent on small business admin tasks.
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.
Qupital raises $15m Series A to expand into mainland China
Hong Kong fintech plans to hire and grow.
Italian illimity enjoys business launch and preps retail offer
The new bank is a merger of Spaxs and Banca Interprovinciale.
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Credijusto closes $100m credit facility with Goldman Sachs
The Mexican lendtech provides SMEs with credit.
Airwallex becomes payments unicorn with $100m funding
The low-cost payment provider is now expanding to the UK and Europe.
Nelito gains Myanmar microfinance win
Alliance for Microfinance in Myanmar has taken Nelito’s FinCraft core system plus the mobile and lending tech.
Honeybook raises $28m to help freelancers
An app targeting freelancers and solo entrepeneurs.
Project BankNorth partners with nCino ahead of 2020 launch
The bank will use nCino’s Bank Operating System for customer experience.
New cash flow platform Avrium hits the UK market
Aiming to help SMEs mitigate cash flow risk.
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.
StanChart to set up digital SME platform in India
Will offers business loans, invoice/supply chain financing, and commercial insurance.
Dutch SME lender Finturi raises €2m funding
The start-up uses blockchain and AI for its lendtech platform.
Lloyds, NatWest and Barclays team up for business banking hubs
The three banks will pilot the UK’s “first” shared hubs for SMEs.
CULedger teams up with IBM for blockchain network
A cooperative model designed for credit unions and SMEs.
UK fintech regulator puts bigger fines on the menu
FCA confirms increase in Financial Ombudsman Service award limit.
Wave acquires Canadian SME account provider Every
Software firm plans to integrate more financial products and services.
UOB targets SME digital market in Thailand
With support from DEPA, NSTDA, OSMEP and The Finlab.
DBS Bank steps up interest in India
Singapore entity launches wholly owned subsidiary DBS Bank India Limited.
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Proactis gets £20m funding from HSBC for SME action
To help SMEs with liquidity management.
