SME Finance

The FinTech venture capital fund of European bank Santander has joined Barclays to lead a Series B funding round for invoice finance platform MarketInvoice.

Business lending platform Trade Ledger has scored a £1.5m strategic investment from a group of investors led by Hambro Perks.

FinTech unicorn Airwallex has integrated its solutions with Xero, the accountancy platform, to help Airwallex’s small-business customers improve their financials.

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

LivFin, an online supply chain and invoice finance solution to small and medium sized businesses in India, has reportedly raised INR 32 crore ($4.7m) in its funding round.

Out of the 33 FinTech funding rounds we reported on last week, cybersecurity companies and cryptocurrency-based enterprises were the clear winners.

Chilean FinTech that provides an online financial services platform for SMBs Xepelin raised $30m in equity and $200m in credit facilities led by Kaszek Ventures with participation from DST Global.

MarketFinance, which working capital offers UK SMES, has received a £100m debt line from Deutsche Bank to help more SMEs access working capital.

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.

Zanifu, a Kenyan FinTech that specialises in offering inventory financing to micro, small and medium-sized businesses, has successfully secured an impressive $11.2m in a recent funding round.