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Could new PRA legislation put SME lending at risk?
A study by Allica Bank has found plans by the UK PRA to change bank capital rules could put £44bn of SME lending at risk.
Visa, Froda and Lunar team to unveil push-payments for SME loans
Three financial firms – Visa, Froda and Lunar – have announced a global partnership and are launching a technology aimed at resolving push-payment problems.
Indonesia-based Paper.id scores $12m
Indonesia-based payment and invoicing solution Paper.id has reportedly raised $12m in its Series B funding round, which was led by Go-Ventures.
Financial management startup FINOM launches in Netherlands
FINOM, a financial management platform aimed at SMEs, has continued its European expansion efforts, with its launch in the Netherlands.
ALAMI nets funding for Shariah-compliant P2P SME lending
Indonesia-based ALAMI Group, which offers Shariah-compliant P2P SME lending services, has reportedly closed its pre-Series B funding round.
Southeast Asia-focused SME lender Funding Societies scored $144m
Funding Societies, an SME lending platform aimed at Southeast Asia, has closed its oversubscribed Series C+ round on $144m.
Tribal Credit nets $34.4m to help SMEs access corporate cards
Tribal Credit, a payment FinTech targeted at small and medium-sized businesses in emerging markets, has closed a Series A and debt round on $34.3m.
OppZo closes doors on $260m debt and equity round
OppZo, which aims to help small and medium-sized businesses unlock access to capital, has raised $260m in debt and equity funding.
Hollydesk becomes Egypt’s first SME expenses and accounts FinTech to raise...
Egypt-based Hollydesk has collected $325,000 in pre-seed funding, which makes it the first FinTech in the country aimed at managing SME expenses and accounts to raise capital.
Payhippo’s second funding round in 2021 to help it reinforce its...
Nigeria-based lending platform Payhippo has reportedly collected $3m in its seed funding round, as it looks to scale its team to support growth.