SME Finance

Citizens Bank will introduce digital lending to small business customers through a partnership with alternative lending startup Fundation.

SME financing startup BlueVine has scored $49m in a Series D round of funding from its existing investors.

Indifi Technologies has raised $10m in a new round of funding led by Omidyar Network. The New Delhi-based company aims to help MSMEs to secure loans.

Singapore-based invoice financing firm SmartFunding has raised $490,000 in a seed funding round. The capital comes from FinTech Asia Group and Investorlend.

Small business lender Aye Finance has raised $10.3m in a Series B round led by LGT IV. Existing backers SAIF Partners and Accion also contributed to the round.

Canadian SME financing startup FundThrough has raised $18.6m (C$24.6) in a Series B round of funding led by Scale Up Ventures.

Square is expanding its loans offering to small businesses outside of its payments processing ecosystem.

Lending startup KredX has raised $6.25m in a Series A round led by Sequoia Capital India. The round also saw existing backer Prime Venture Partners participate.

German invoice financing startup Bezahlt has picked up ?3.5m in funding through a mixture of equity and debt.

South-East Asian-focused SME lender First Circle has raised $1.2m in a Seed funding round led by European investor Key Capital with 500 Startups and IMJ Investment Partners also participating.