SME Finance

From helping businesses survive the coronavirus crisis to revolutionising finance, Funding Options is bullish about the impact open banking could have as the FinTech embraces the data-sharing scheme.

Canaree, a software platform allowing early stage businesses to understand and improve their future finances, is one of the companies to have been funded by the Future Fund.

FinTech Revenued is acquiring Sky Bridge Business Funding, a small business financing company founded in 2017, to bolster its goal of helping small businesses grow.

Fundraising FinTech Capital has closed a $9m seed funding round led by AME Cloud Ventures.

FinTech Memo Bank has raised ?20m in a Series A round led by BlackFin Capital.

Trade financing platform Qupital has inked a deal with eBay to become one of its officially recommended financing service providers in Hong Kong.

Bookkeeping and payroll FinTech startup ScaleFactor shuts down operations after raising over $100m in just over a year.

Brazilian online lender BizCapital has bagged $12m in a new funding round as it moves to develop more products to support small businesses' financing needs.

Neobank Revolut boasts having over one million retail and business customers who can from now on enjoy the FinTech unicorn's new open banking feature.

From InsurTech startups to cybersecurity ventures, the past week has seen several FinTech firms find funding to help them grow despite the global pandemic.