SME Finance

Mexico-based FinTech startup Creze has reportedly raised MXN $265m ($12m) in a funding round from unnamed investors based in the country.

Metro Bank has launched new app tools for businesses to manage their receipts as the company itself is still recovering from last year's accounting scandal.

Small business loan provider iwoca has reportedly raised £100m in funding to increase its capabilities as a Coronavirus Business Interruption Loan Scheme (CBILS) provider.

New business bank Allica Bank has named Richard Davies as its CEO. He joins after having served a year as COO of challenger bank Revolut.

Indonesian lending platform AwanTunai has picked up $20m in a new raise led by Accial Capital.

SME loan FinTech Selina Finance has raised ?42m in a new round to grow the business.

FinTechs and other non-bank lenders will not be able to access funding from the Bank of England that would help them deliver emergency loans, which has sparked accusations of the central bank hampering competition.

SME finance bank B-North has picked Wiserfunding as its risk grading partner, hoping to use its credit risk assessment tools to evaluate small businesses' credit.

Creator Cash is the latest FinTech to launch a financial service to make it easier for influencers to make a living.

UK challenger bank Tide has frozen the issuing of Bounce Back Loans for small businesses after its funding efforts fell through, leaving customers crestfallen and in tears.