SME Finance

NeoGrowth, a Mumbai-based digital lender focussing on medium to small enterprises, has raised $36.2m in a Series D equity round.

Bondaval, a London-based B2B receivables and mini bonds FinTech, has raised $15m in Series A funding, led by Talis Capital.

Just 10 months after its first financing round, SME non-dilutive financing provider Karmen has raised €50m in debt.

Digital credit service Bip has added a carbon footprint tool to its app, following a partnership between its parent company NewDay and carbon footprint management service Cogo.

It is no secret the economic situation is in a bit of turmoil. People face a cost-of-living crisis and having just recovered from the impact of the pandemic, businesses are once again preparing for a tough market where survival is a priority. SME lending is their saviour. 

Capchase, a provider of non-dilutive capital for recurring revenue businesses, has raised $80m in Series B funding.

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.

Lama AI, a business banking technology provider, has raised $9m in seed funding to unlock credit for small businesses.

Center, a software company helping businesses gain visibility into and manage employee spending, has raised an additional $15m in Series B funding.

Agrolend, a Brazil-based financial institution focused on serving farmers, has raised $27m in Series B funding.