Tag: SME

In a significant boost for the Open Banking landscape, British payment platform fumopay announced the successful conclusion of its first-ever seed funding round today

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.

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 payment and invoicing solution Paper.id has reportedly raised $12m in its Series B funding round, which was led by Go-Ventures.

FINOM, a financial management platform aimed at SMEs, has continued its European expansion efforts, with its launch in the Netherlands.

Indonesia-based ALAMI Group, which offers Shariah-compliant P2P SME lending services, has reportedly closed its pre-Series B funding round.

Funding Societies, an SME lending platform aimed at Southeast Asia, has closed its oversubscribed Series C+ round on $144m.

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, which aims to help small and medium-sized businesses unlock access to capital, has raised $260m in debt and equity funding.

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.