Tag: SME finance

Groov, an embedded lending platform, has announced the completion of its £1.5m seed funding round.

Satago, which offers innovative working capital solutions including Invoice Finance and Cash Flow management, has partnered with Mmob, which specialises in simplifying the integration process for digital financial services.

Liberis, a trailblazer in embedded business finance, has recently made headlines by securing a substantial $112 million in debt financing. This significant financial boost comes courtesy of HSBC Innovation Banking and BCI Capital, marking a major step forward in the company's expansion strategy.

4Trans, a firm focusing on crafting financial solutions for supply chain and logistics, has recently secured a substantial pre-Series A.

Lithuania-based SME Finance, a lender to small businesses, has reportedly secured €100m in a credit facility from Fasanara Capital.

European lending platform TP24 has received a mezzanine funding facility from Channel Capital Advisors.

Digital SME lender Recognise Bank has raised £25m in funding from its largest shareholder, PV27, to support its commercial lending.

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

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. 

Google has reportedly joined the $40m Series C funding round of India-based SME lending business Progcap, which has tripled its valuation to $600m.