SME Finance

Several small business owners have criticised Starling Bank for its handling of the governmental coronavirus relief loans scheme and now the challenger bank founder has responded to the criticism.

FinTech leader Finastra has revealed that it has helped process over 86,000 Paycheck Protection Program(PPP) loans to date to support small businesses hurt by COVID-19.

Humble brags and low key trolling are some of the ingredients of a small Twitter spat between the leaders of two of the UK’s leading FinTech companies.

Figopara, which enables businesses to get loans for their invoices, has reportedly raised $1m in its second funding round.

Singaporean FinTech Validus is looking to change SME financing on the back of its new Series B+ round.

While COVID-19 is spreading across the globe, illimity has issued bullish results from the first quarter.

Capify, an SME lending platform, has closed an equity round on £8m from Goldman Sachs Merchant Banking through existing credit facilities.

Lyon-based Agicap has raised €15m in a round led by Partech that also saw participation from existing investors BlackFin Capital Partners and Kima Ventures.

CreditEnable, an online marketplace for SME loans, is launching a $2m pre-Series A round.

Tech and brokerage service provider North Capital believes its financial crime-prevention systems will be perfect for the banks who can process Paycheck Protection Program (PPP) loan applications via its systems.