On September 26, Jeremy Berger presented Arival Bank at Fin/Sum2018, held in Tokyo. Arival was selected as one of the top 30 startups to pitch in front of executives from 500 Startups, SBI, MUFG, and other leading investment & financial institutions.
Bank of America wants small business (SMB) customers to focus on growing their account balances and is introducing a new rewards program to encourage them to do so. (more…)
By Fundbox
Today Fundbox, the leading small business growth company, announced the launch of Fundbox Pay, a new payment and credit solution servicing the $4.5 trillion small business-to-business (SMB2B) transactional market in the U.S. (more…)
By Sberbank,
Sberbank has launched a new online service for small businesses which helps them to prepare the documents needed to make changes to charters and constituent documents of individual entrepreneurs and limited liability companies. (more…)
ING has built a ‘digital shoebox’ app that lets small business clients use their phone cameras to scan receipts and bills, then link them directly to transactions.
DBS said on Tuesday it has cut transaction costs for small and medium-sized enterprises (SMEs), as more of the SME transactions go online. (more…)
Wealthfront, the software-based wealth management company that is targeting the millennial segment, has raised $75 million in a funding round led by Tiger Global Management. (more…)
The Hurun Research Institute released today the Hurun Greater China Unicorn Index 2017, where Ant Financial, Didi Chuxing, and Xiaomi top the chart. The report listed out 120 best unicorns in the Greater China region that are valued over $1 billion as of the end of November 2017. (more…)
ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a digital service that enables customers to open a Public Provident Fund (PPF) account instantly and in a completely online and paperless manner. (more…)
Nordea has collaborated with Nordic payments processor Nets on a service which enables consumers to post invoices and pay their bills via Facebook Messenger. (more…)
DMM, one of Japan’s largest Internet and e-commerce conglomerates, announced today that it will pay 7 billion yen (about $62.2 million) for pawn shop app Cash. Launched this summer, Cash’s software automatically appraises an item’s value based on user photos and offers a cash advance with it as collateral. (more…)
BNP Paribas Asset Management (BNPP AM) has bought a 10% stake in a new alternative SME credit specialist called Caple as part of a wider strategic alliance. (more…)
By Samantha Hurst for Crowdfundinsider
Kabbage Inc., a global financial services, technology and data platform serving small businesses, announced on Thursday its new $200 million asset-backed revolving credit facility with Credit Suisse, a global financial institution. This news comes less than a month after Kabbage announced it and ING were extending its strategic partnership with Italy and France. (more…)
By Erin Hobey for Crowdfundinsider
Big news for business finance company MarketInvoice who not only is celebrating a £1.5b funding milestone but has also signed an agreement with Varengold Bank AGto provide £45m funding annually on its invoice finance platform, funding working capital solutions for businesses across the UK. (more…)
By Xero
Today, Xero, the UK’s leading online accounting software, and Santander, announce an integrated service for SMEs. (more…)
By Crowdfund Insider
Amazon (NASDAQ:AMZN) announced today that it had originated over $3 billion in loans to more than 20,000 small businesses since 2011. One billion of those loans came in the past 12 months. Peyush Nahar, VP for Amazon Marketplace, released a statement on the milestone; (more…)
By Jason Rowley for Techcrunch.com
Let’s say you randomly selected 1,000 seed-stage startups based in the United States. How many of those would go on to raise a Series A? Of companies that go on to raise a Series A, how many would go on to raise a Series B? You could keep this process going until only a few companies remain. (more…)
By Matthew Lynley for Techcrunch
With apps like Robinhood and services like Wealthfront for investing, and Credit Karma to check your credit score regularly, it might seem like financial services are finally getting more palatable and mainstream. But to Nicole Sanchez, people still need to have decent credit to get to the point where they’ll use those services — and that’s a huge hurdle to cross. (more…)
MarketInvoice, a UK based invoice financing platform, has received a £45 million lending commitment from Portuguese bank BNI Europa. (more…)
Electronic invoicing company Tungsten has teamed up with the Institute of Finance and Management (IOFM) to help educate its business customers on how to streamline supply chain management. (more…)
As TechCrunch put it in its Tuesday (May 2) report, expense management for the self-employed “sucks.” (more…)
PayPal has unveiled a new service, called Business in a Box, which brings together a host of tools designed to help small firms start and run their online operations. (more…)
BY PYMNTS
Good news emerged from the U.S. venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 billion, found a new report from KPMG. Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. (more…)
By PYMNTS
Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital. (more…)
By PYMNTS,
India-based SME lender Capital Float has added a bit of funding to its books thanks to a $2.3 million raise announced Monday (April 10). (more…)
By Nadine Freischlad for Tech in Asia,
Pawoon, one of the point-of-sales startups targeting Indonesia’s millions of small and medium businesses, has raised a series A round of funding. (more…)
