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Found 27 results in 1 second.

Merchant Money secures GBP 115 mln in funding

News | Online & Mobile Banking | 08 Feb 2023

UK-based business lender Merchant Money has raised GBP 115 million in funding from Barclays Bank and Quilam Capital.

funding, lending, SME lending, investment, expansion

MarketFinance secures GBP 30 mln credit facility from Viola

News | Payments General | 13 Oct 2022

Fintech credit and payment company MarketFinance has secured GBP 30 million from Viola to expand its B2B Pay Later embedded finance offering for SMEs.

funding, investment, B2B payments, embedded finance, embedded payments, payment methods

UK government puts banks in the spotlight after releasing BBLS data

News | Online & Mobile Banking | 01 Aug 2022

The UK government has published the first figures on the performance of its three emergency COVID-19 loan guarantee schemes, pushing banks like Starling Bank to explain their reliance on state-back funding.

banks, COVID-19, SMEs, acquisition, data

MarketFinance raises GBP 100 mln from Deutsche Bank

News | Payments General | 19 May 2022

UK-based fintech credit and payment company MarketFinance has received GBP 100 million from Deutsche Bank to support new lending to UK SMEs.

lending, funding, SMEs, fintech, SBI Payments

Nucleus Commercial Finance to lend GBP 200 mln via CBILS

News | Payments General | 06 Jan 2021

UK-based alternative lender fintech Nucleus Commercial Finance has pledged to lend GBP 200 mln to SMEs through the government-backed Coronavirus Business Interruption Loan Scheme (CBILS).

Nucleus Commercial Finance, UK, CBILS, alternative lender, lending, fintech, coronavirus, government backed loan, loan scheme

Iwoca looks to increase CBILS lending to GBP 200 mln

News | Payments General | 13 Nov 2020

UK-based fintech and participant in the Coronavirus Business Interruption Loan Scheme (CBILS) Iwoca has declared intentions to double the amount it lends through the government-backed loans.

iwoca, UK, CBILS, lending, fintech, coronavirus, Bank of England, British Business Bank, SME

Online SME lender Funding Circle acquires GBP 30 mln from British Business Investments

News | E-invoicing, SCF & E-procurement | 09 Nov 2020

Funding Circle, an SME lender that facilitates loans in both the US and parts of Europe, has acquired GBP 30 million in capital from British Business Investments.

SME, Funding Circle, British Business Investments, investment, lending

Study reveals the lack of adoption of open banking into commercial lending

News | Online & Mobile Banking | 19 Oct 2020

An international study of over 1,000 senior professionals in the banking, lending, PFM, investment, and retail sectors has revealed the lack of adoption of open banking into commercial lending. 

Open Banking, commercial lending, study, security, banks

OakNorth Bank approves GBP 1.1 bln in new loans

News | Payments General | 13 Oct 2020

UK-based OakNorth Bank has approved GBP 1.1 billion in new loans to support UK businesses through COVID-19, including over GBP 400 million through the CBILS and the CLBILS. 

OakNorth Bank, loans, UK, United Kingdom, businesses, COVID-19, CBILS, CLBILS, lending, economy, Ultimate Finance, The Jade Hotel, Red Oak Taverns, Dewing Properties, Bluegem Capital Partners

The UK Chancelor of the Exchequer extends CBILS

News | Payments General | 28 Sep 2020

The UK’s Chancelor of the Exchequer has reported intentions to extend the government loan schemes that have been helping SMEs stay afloat throughout the coronavirus pandemic. 

UK, Chancelor of the Exchequer, CBILS, government loan schemes, SMEs, coronavirus, pandemic, financial aid, fintechs, alternative lenders, accredited lenders, banks, CLBILS, Bounce Back Loans, loans, Future Fund, convertible loans, repayment, Pay As You Grow

Ebury and MarketFinance partner to speed up CBILS access

News | E-invoicing, SCF & E-procurement | 10 Sep 2020

As the Government’s CBILS initiative draws to a close this month, two British fintechs Ebury and MarketFinance have joined forces to ensure SMEs across the UK are able to access the emergency lending.

Ebury, MarketFinance, CBILS, finance, UK, SMEs, invoice finance, trade finance

OakNorth Bank lends GBP 220 mln through CBILS and CLBILS

News | Payments General | 13 Aug 2020

OakNorth Bank has lent over GBP 220 million through the UK Government’s CBILS and CLBILS business stimulus package, according to AltFi.

OakNorth Bank, CBILS, CLBILS, UK, United Kingdom, business stimulus package, loans, allocation, British Business Bank, pandemic, lockdown, bank, lending

UK-based lenders support 1.2 mln businesses amid pandemic

News | Payments General | 12 Aug 2020

UK-based lenders have provided support to over 1.2 million businesses through government-backed loan schemes, according to HM Treasury statistics. 

UK, United Kingdom, SMEs, lenders, loan, pandemic, government-backed loans, loan schemes, BBLS, CBILS, funding, small businesses, coronavirus, large businesses

UK-based businesses benefit from government-backed loan schemes

News | Payments General | 10 Aug 2020

The British Business Bank has announced that the regional distribution of loans under the CBILS and the BBLS matches the respective share of UK businesses in each region. 

UK, businesses, government backed loan, loan schemes, British Business Bank, CBILS, BBLS, loans, London, South East, East of England, North West

iwoca secures USD 130 mln in funding round

News | Payments General | 03 Aug 2020

Alternative lender iwoca has raised USD 130 million from an undisclosed investor. 

iwoca, CBILS, loans, SMEs, lender, banks, partnership

Previse approved for accreditation under the CBILS scheme

News | E-invoicing, SCF & E-procurement | 24 Jun 2020

Previse, a UK fintech, has been approved for accreditation by the British Business Bank under the CBILS scheme.

CBILS, loans, payments , UK, fintech, British Business Bank, AI, technology, SMEs, InstantFlow Cash Account, invoices

Greensill, Metro Bank, OakNorth, and Secure Trust Bank join CLBILS

News | Payments General | 11 Jun 2020

The British Business Bank has announced new lenders added to its coronavirus lending schemes.

Greensill, Metro Bank, OakNorth, Secure Trust Bank, CLBILS, lenders, British Business Bank, UK, coronavirus, lending scheme, government-backed loans, Growth Lending, inFund, Invocap, NEL Fund Managers, Triple Point, Paragon Bank, CBILS, Bounce Back Loans

OakNorth receives GBP 160 mln in government-backed loans

News | Payments General | 22 May 2020

OakNorth has received a new tranche of cash from the government to lend to companies hit by the coronavirus pandemic.

OakNorth, loans, coronavirus, British Business Bank, economic stimulus package, CBILS, CLBILS, BBL, lenders

UK-based iwoca secures CBILS accreditation

News | Payments General | 20 May 2020

UK-based alternative lender iwoca has received accreditation from the British Business Bank to provide Coronavirus Business Interruption Loan Scheme (CBILS) loans.

iwoca, alternative lender, British Business Bank, CBILS loans, SME, accreditation

MarketFinance, Capital on Tap secure CBILS and Bounce Back Loan approvals

News | Payments General | 13 May 2020

The British Business Bank has approved MarketFinance and Capital on Tap, among other lenders, for accreditation under both the CBILS and BBL schemes.

MarketFinance, Capital on Tap, British Business Bank, CBILS, BBL, Bounce Back Loan, Bank Leumi, Shawbrook Bank, Bank of Ireland UK, Skipton Business Finance, SME, government-backed guarantee, loans, Starling Bank, OakNorth, Funding Circle