As a recession looms, how SME lending will be a cornerstone for many

As a recession looms, how SME lending will be a cornerstone for many

It is no secret the economic situation is in a bit of turmoil. People face a cost-of-living crisis and having just recovered from the impact of the pandemic, businesses are once again preparing for a tough market where survival is a priority. SME lending is their saviour. 
New-York-based-lender-Dwight-Funding-bags-$100m-credit-facility

New York-based lender Dwight Funding bags $100m credit facility

Dwight Funding, a New York-based lender, has received a $100m asset-based revolving credit facility from private and commercial bank IDB Bank.
Indian-B2B-marketplace-Udaan-Raises-$120m

Indian B2B marketplace Udaan scores $120m

Udaan, a B2B marketplace with a vision to "transform the way trade is done in India leveraging technology", has raised $120m as it eyes going public.
Lama-AI-raises-$9m-to-unlock-credit-small-business

Lama AI secures $9m seed funding to unlock credit for small business

Lama AI, a business banking technology provider, has raised $9m in seed funding to unlock credit for small businesses.
Center-raises-funding-support-business-spending

Center secures additional $15m to support businesses

Center, a software company helping businesses gain visibility into and manage employee spending, has raised an additional $15m in Series B funding.
ALAMI nets funding for Shariah-compliant P2P SME lending

ALAMI nets funding for Shariah-compliant P2P SME lending

Indonesia-based ALAMI Group, which offers Shariah-compliant P2P SME lending services, has reportedly closed its pre-Series B funding round.
Korea-Credit-Data-raises-funding-for-SME-finance

Korea Credit Data bags $24.7m to serve SMEs

Korea Credit Data (KCD), which provides business management services to self-employed and small business owners nationwide, has raised $24.7m in an extension of its Series D round.
Swedish-FinTech-DBT-funding-SME-lending

Natwest and Värde Partners back SME lender DBT

DBT, a Stockholm-based leading European SME lender, has closed a SEK 3.1bn debt facility to accelerate its lending to Swedish SMEs from NatWest and Värde Partners.
hriday-raises-pre-seriesA-$6m-for-financial-management-small-business

Thriday set to thrive with $6m raise

Thriday, a financial management platform for small businesses, has raised $65m in a pre-Series A funding round.
Uganda-based digital lending platform Numida nets $12.3m

Uganda-based digital lending platform Numida nets $12.3m

Uganda-based digital lending platform Numida has reportedly raised $12.3m in its pre-Series A funding round, which comprised of equity and debt.

News Stories

Napier

Napier enters Japanese market through partnership

Financial crime compliance specialist Napier has launched Napier Continuum, its financial crime risk management platform, in the Japanese market.  
How data can ensure growth during a turbulent market

How data can ensure growth during a turbulent market

With the world in the midst of a very turbulent market, Quantexa has offered advice as to how companies can achieve growth and manage risk during this time. The secret is using all available information and data to anticipate and respond to new risks and emerging opportunities.  
FrankieOne nets $15.5m for unified onboarding system

FrankieOne nets $15.5m for unified onboarding system

FrankieOne, a unified onboarding and fraud prevention platform, has reportedly raised $15.5m in its Series A+ funding round, bringing the round’s total to $30m.
GoHenry, Visa team up to boost financial education for children

GoHenry, Visa team up to boost financial education for children

GoHenry, a FinTech aimed at children, has teamed up with payments giant Visa to provide more kids and teens across the US, UK and Europe with access to prepaid cards.
Financial management startup FINOM launches in Netherlands

Financial management startup FINOM launches in Netherlands

FINOM, a financial management platform aimed at SMEs, has continued its European expansion efforts, with its launch in the Netherlands.

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