Articles with tag like: SME

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Thrive, Mastercard unveil AI-based product for SMEs

News | Payments General | 16 Feb 2021

Thrive has developed a product that uses artificial intelligence to automate banking, accounting, tax, and lending for small-to-medium businesses. 

Thrive, product launch, business account, MasterCard, SME, AI, ML, cardholder, payments, banking, cash flow

Plaid, Atom bank to simplify SME lending in the UK

News | Online & Mobile Banking | 16 Feb 2021

App-based bank Atom has partnered with Open Finance platform Plaid to roll out Open Banking services to its customers, according to the official press release.

Plaid , Atom, bank, SME, lending, UK, Open Banking, Open Finance, payment initiation

UAE rolls out AED 6 bln supply chain financing initiative

News | E-invoicing, SCF & E-procurement | 22 Jan 2021

The UAE has pledged to support small and medium enterprises (SMEs) across sectors with a AED 6 billion supply chain financing initiative, according to logisticsmiddleeast.com.

Abu Dhabi, SME, supply chain finance, SCF, initiative, Daman, Department of Finance, FAB, UAE

WeOwn has launched Money Turtle, a mobile app for fundraising

News | Payments General | 21 Jan 2021

Europe-based fintech WeOwn has launched Money Turtle, a mobile-first platform for companies of all shapes and sizes looking to raise capital, across Europe, according to the official press release. 

WeOwn, Money Turtle, mobile app, fundraising, mobile platform, capital raise, fintech, Europe, SME, investment

Nucleus Commercial Finance secures GBP 200 mln funding

News | Payments General | 19 Jan 2021

UK-based SME lender Nucleus Commercial Finance has secured a new GBP 200 million funding line from two investment management firms, according to AltFi.

Nucleus Commercial Finance, funding, fintech, alternative lending, lender, SME, UK, CBILS, loan

Tide to be introduced in India

News | Online & Mobile Banking | 18 Jan 2021

SME-focused neobank Tide has planned a launch in India in the first quarter of 2021, according to AltFi.  

TIde, India, neobank, digital banking, online banking, SME, software, developer, technology

Talenom selects Enfuce to launch SME accounting solution

News | Online & Mobile Banking | 13 Jan 2021

Finland-based Talenom has selected Enfuce to launch the freemium small customer accounting software TiliJaska, an Open Banking service.

Talenom, Enfuce¸ partnership, SME, TiliJaska, product launch, Open Banking, Open Data, PSD2, API

Caixa Geral de Depósitos partners with Backbase

News | Online & Mobile Banking | 12 Jan 2021

Caixa Geral de Depósitos (CGD), Portugal’s largest bank, has announced its partnership with engagement banking technology provider Backbase

Caixa Geral de Depósitos, Backbase, SME, onboarding, digital banking

Challenger bank Oxygen raises USD 17 mln in Series A funding

News | Online & Mobile Banking | 05 Jan 2021

US-based Oxygen, a challenger bank focussing on freelancers and the gig-economy, has announced raising USD 17 million in Series A round of funding.

Oxygen, US, funding, digital banking, investment, flexible banking, SME

EIB, Banque Misr to help Egypt-based SMEs post-COVID-19

News | E-invoicing, SCF & E-procurement | 04 Jan 2021

The European Investment Bank has provided Banque Misr with a EUR 425 million credit line to support Egypt-based SMEs to recover from the coronavirus pandemic.

EIB, Banque Misr, Egypt, SME, COVID-19, credit line, coronavirus, pandemic, European Investment Bank, lending, bank

Lloyds, Satago, to run trial for invoice financing platform

News | E-invoicing, SCF & E-procurement | 04 Jan 2021

UK-based Lloyds Banking Group has decided to run a 6-month trial or pilot of an invoice financing platform offered by Satago Financial Solutions.

Lloyds, Satago, partnership, e-invoicing, UK, invoice finance, SME

Liberis raises GBP 70 mln for SME financing

News | E-invoicing, SCF & E-procurement | 22 Dec 2020

Global embedded business finance platform Liberis has secured GBP 70 million in financing from British Business Investments, Paragon Bank, BCI Europe, and Silicon Valley Bank (SVB)

Liberis, financing, SME, embedded business finance, platform, UK, COVID-19, small business, cash flow, bank, lender, CBILS

EIB, Podgoricka Banka agree EUR 20 mln credit line for SMEs

News | E-invoicing, SCF & E-procurement | 15 Dec 2020

The European Investment Bank (EIB) and Montenegro-based Podgoricka Banka, a unit of OTP, have agreed a EUR 20 million credit line for SMEs in the Balkan country, according to SeeNews.

EIB, Podgoricka Banka, OTP, SME, credit line, European Investment Bank, bank, loan, EU, Europe, Balkan

OneBanks, Co-op roll out kiosk banking concept in the UK

News | Online & Mobile Banking | 11 Dec 2020

New banking concept OneBanks has partnered with retailer Co-op to launch UK-based kiosk, according to thefintechtimes.com.

OneBanks, kiosk, banking, UK, CO-OP, traditional banks, brick and mortar, SME, facial recognition, cashless transaction

UNDP, MAS partner to help SMEs in developing countries to access global opportunities

News | E-invoicing, SCF & E-procurement | 08 Dec 2020

The United Nations Development Programme (UNDP) Global Centre for Technology, Innovation, and Sustainable Development has partnered with the Monetary Authority of Singapore (MAS) to help SMEs leverage technology to better access global value chains. 

UNDP, MAS, SME, developing countries, United Nations Development Programme, Monetary Authority of Singapore, Cultiv@te, Business sans Borders, API Exchange, APIX

MAAS, Bank of Ghana partner for SMEs and FIs of Singapore and Ghana

News | Payments General | 08 Dec 2020

The Monetary Authority of Singapore (MAS) and the Bank of Ghana (BOG) have plans to adopt the Business sans Borders (BSB) open hub of platforms between Singapore and Ghana. 

MAS, Money Authority of Singapore, Bank of Ghana, SME, financial institution, Singapore, Ghana, Business sans Borders, BSB, open hub, Financial Trust Corridor, FTC

Visa starts Accelerator Program in Asia Pacific

News | Payments General | 03 Dec 2020

US-based Visa has launched an accelerator program for startups across Asia Pacific that are looking to expand their businesses into new markets.

Visa, startups, fintech, Visa Accelerator Program, banks, merchants, unbanked, SME, Open Data

Link4 to offer e-invoicing for Australian Department of Treasury

News | E-invoicing, SCF & E-procurement | 03 Dec 2020

Australia-based fintech Link4 has partnered with the Australian Department of Treasury to help with managing e-invoices.

Link4, Australian Department of Treasury, partnership, e-invoicing, PEPPOL, SME

Trade Ledger's LaaS platform to be used by Bibby Financial Services

News | Payments General | 02 Dec 2020

Trade Ledger has announced that Bibby Financial Services (BFS) has adopted the company’s origination platform to use it for customer onboarding and operational processes.

Trade Ledger, Bibby Financial Services, partnership, Lending-as-a-Service, onboarding, Open Banking, API, SME

The blueprint for financial inclusion – Mojaloop's vision for solving the unbanked problem

Interviews | Payments General | 20 Nov 2020

The Paypers interviewed Paula Hunter from the Mojaloop Foundation to learn how financial inclusion can happen in vital regions across the world when an open source approach is embraced

Mojaloop, Mojaloop Foundation, Paula Hunter, financial inclusion, charitable nonprofit, digital finance, Open Finance, interoperability, real-time payments, transactions , mobile money, Central banks, unbanked, SME, credit score, lending, central bank digital currency, CBDC, blockchain, KYC