small businesses
Nav Named Best Overall Business Lending Company by FinTech Breakthrough | News
SALT LAKE CITY, March 18, 2022 (GLOBE NEWSWIRE) — Nav Technologies, Inc. (“Nav”), the online platform that helps small business owners compare financing options and simplify access to financing, today announced its selection as the “Best Business Lending Company” in the 2022 FinTech Breakthrough Awards. FinTech Breakthrough is a leading market intelligence organization that recognizes …
SmartBiz Named Best Small Business Lending Platform | News
SAN FRANCISCO–(BUSINESS WIRE)–February 22, 2022– SmartBiz Loans, the leading AI-powered financing platform for small businesses, has been named the best small business lending platform by LendIt Fintech. SmartBiz earned the accolade for its role in helping lenders keep “the economy going through loan performance, volume, growth, product diversity and innovation.” The annual awards category has …
Online Lending Platform Funding Societies Raises US$294 Million to Accelerate Expansion Plans in Southeast Asia | AsiaTechDaily
Bookmark(0) Please login to score No account yet? Register Finance companies known as Modalku in Indonesia, an online lending platform for MSMEs, have raised a total of US$294 million to fuel their expansion plans in Southeast Asia. According to the company, it has raised US$144 million in an oversubscribed Series C+ funding round led by …
According to Indifi Tech, the MSME lending platform, lending to small businesses increased by 200% year-on-year
According to Indifi Tech, the MSME lending platform, lending to small businesses increased by 200% year-on-year New Delhi, 10 Feb. (KNN) MSME lending platform Indifi Technologies recorded a 200% year-on-year growth in the amount of loans disbursed through partner lenders in December 2021. Indifi said it recorded 100% growth in the number of loans disbursed …
How the IRS is monitoring your side gig in 2022
If you have a scramble in 2022, you could have a higher-than-expected bill when you file your tax return next year. A new federal requirement that took effect this year requires companies that offer platforms for the sale of goods and services — like Etsy and Airbnb — to issue IRS Form 1099-K to anyone …
Helping the business community
Adib Noor Bank Islam Brunei Darussalam (BIBD) announced yesterday the launch of the new BIBD SME360º series, redesigned to better serve the business community through a broader vision and mission as well as a series of initiatives including a web platform microsite and a community engagement campaign aimed at helping micro, small and medium-sized enterprises …
LoanWell lending platform secures $ 3 million in funds
The North Carolina-based lending platform Loan won money by himself. According to a recent Securities and Exchange Commission filing, the company raised $ 3 million from a group of five backers. Based in Durham, NC, LoanWell promotes itself as “an end-to-end platform for lenders”, offering receipt, origination, underwriting, closing, maintenance and reporting in one. only …
FundCanna Raises $ 30 Million for New Loan Company
A veteran of the financial services industry, Adam Stettner has started a new loan company, Canna Fund to provide funding to growers, manufacturers, retailers and all participants in the cannabis supply chain. The company said it had raised $ 30 million but could derive even more through its constituents, investors and partners, including a vast …
Cannabis-focused lending company FundCanna launches with $ 30 million available debt financing
The cannabis industry on Thursday hosted the new cannabis-focused loan company FundCanna launched, co-founded by financial services veteran Adam Stettner. FundCanna said it providing the burgeoning marijuana industry with a well-funded platform for growers, producers, retailers and all participants in the cannabis supply chain. The initial products will be look like factoring offers, often seen …
Digital lending platform market aims to grow in double digits
The economic, financial, and social aspects of the advancement of the industry are covered in this Digital Lending Platform Market report to assist industry participants in making critical and important decisions. Parents’ guiding elements and marketing channels are also included in this market research. In addition, it tries to offer comprehensive lens data as well …
Fiserv launches a credit and lending platform for SMEs
Payment and financial services provider Fiserv has launched a digital credit and lending platform for small and medium-sized businesses (SMEs). “Fiserv’s latest offering, leveraging FinTech StreetShares’ Atlas platform, enables financial institutions to manage the entire loan lifecycle, from digital document capture to underwriting, offering management and closing, meeting the expectations of staff and customers, “the …
Independent Bank Partners with Numerated on Digital Business Lending Platform
Marc Judge. Courtesy independent bank Numerated, a financial technology company that provides business banking solutions, is partnering with Independent Bank to offer its digital lending platform to the financial institution’s business clients. The partnership was announced on September 20. “We are continually looking to improve lending efficiency and better service for Michigan businesses, especially since …
Sidian Bank obtains 990 million shillings for SME loans
Companies Sidian Bank obtains 990 million shillings for SME loans Wednesday 22 September 2021 Chege Thumbi, Managing Director of Sidian Bank (left) and Carol Mulwa, Investment Director of Oikocredit, East and Southern Africa, at the signing of a 990 million shillings line of credit for future loans to SMEs on September 22, 2021 in Nairobi. …
Digital Lending Platforms Market: Latest COVID-19 Analysis
Digital Lending Platforms Market Allied Market Research has released a new report titled “Digital Lending Platform Market by Component (Software & Service), Deployment Model (On-Premises & Cloud), Type (Decision Automation, Collection & Retrieval, Loan Processing, Management) risk and compliance, and others) and industry verticals (banks, insurance companies, credit unions, savings and loan associations, peer-to-peer lending …
5 ways to work smarter, not harder, to make your end a huge success
Opinions expressed by Contractor the contributors are theirs. Some of the most recognizable and successful businesses in the world today started out as side businesses with humble beginnings. Steve Jobs worked nights at Atari while devoting his free time during the day to a project that would eventually become Apple. Facebook, Twitter and Instagram were …
Bank of Baroda and U GRO Capital launch the “Pratham” co-loan platform
Bank of Baroda and fintech platform U GRO Capital have launched a Pratham co-lending platform, under which a loan of 1,000 crore will be disbursed to the MSME sector in the country. The start of loan disbursements under Pratham marks the 114th day of the founding of the Bank of Baroda, U GRO Capital – …
Named “Best Global Business Lending Company” in the 2021 FinTech Breakthrough Awards Program
Numerated was named Best Business Loan Company of 2021 by FinTech Breakthrough. Numerated is once again breaking into the fintech space this year by expanding its technology to even more areas of business banking and innovating rapidly to help banks and credit unions cope with the COVID-19 pandemic. BOSTON (PRWEB) March 16, 2021 Numbered, the …
Northern Arc Prepares to Strengthen Direct Lending Business
Northern Arc Capital, a non-bank finance company (NBFC) that provides access to debt to underbanked individuals and businesses in India, plans to step up its direct lending business to focus on small business lending (SBL) , consumer loans, microfinance and middle market loans to emerging companies. “In the last six months, we’ve had a large …
Ant’s Huge Lending Activity Fuels $ 30 Billion IPO
Lu Lindi became an avid online shopper during China’s coronavirus lockdown earlier this year, using the Alipay app on his smartphone to pay for everything from powdered milk to Chinese medicines. But the 54-year-old didn’t realize for weeks that instead of debiting his account, Alipay was actually funding his shopping spree by issuing him a …
FinTechs Are Changing Small Business Lending
Right now, financial markets around the world are shaken by the current coronavirus pandemic (COVID-19). It’s a fluid situation with an uncertain outcome, and no one really knows what the long-term economic effects will be. The only things that seem certain is that the stock markets are choosing to ignore the pandemic right now, while …
Paytm appoints Bhavesh Gupta as CEO of its lending business
Bhavesh Gupta Financial services platform Paytm has announced the appointment of Bhavesh Gupta as managing director of the company’s lending activities. Open call for applications for the BuzzInContent Awards 2020 ENTER NOW Gupta will develop and expand Paytm’s lending services to strengthen the company’s vision for financial inclusion for 500 million Indians. Under his leadership, …
Paytm appoints Bhavesh Gupta as CEO of lending business
One97 Communications Ltd, which operates Paytm, has appointed Bhavesh Gupta as Managing Director (CEO) of its lending business. In his new role, Bhavesh will develop and expand Paytm’s lending services and help the company create new credit products for customers and SMEs in partnership with other banks and NBFC. Gupta will report to Amit Nayyar, …
Kabbage turned to PPP loans to save his lending business
Rob Frohwein, CEO of Kabbage Adam Jeffery | CNBC In late March, with the coronavirus pandemic forcing mom-and-pop stores across the country to shut down indefinitely, small business lender Kabbage put on leave a “significant number” of employees and suspended its credit operation, anticipating the contraction of its clientele. But CEO Rob Frohwein, who co-founded …
Nonprofit loan company helps businesses apply for paycheck protection program funds
COLUMBIA FALLS – A nonprofit loan program, the Missoula-based MoFi offers to help businesses struggling during the coronavirus to apply for payment protection program funds. Adam Trina is the owner of Montana Fly Company, a successful fly shop in Columbia Falls. Trina started the business in 1998 after guiding fly fishing trips to Missoula. He …
5paisa.com launches peer-to-peer lending platform
The Fintech company 5paisa.com has launched “5paisa Loans”, a peer-to-peer lending platform where you can lend between 500 and 50 lakh to several borrowers and earn interest of up to 36% per year. 5paisa Loans, an RBI-registered NBFC, aims to address the short-term cash flow needs of borrowers from all walks of life, while giving …
The company launches a secure Peer to Peer loan platform for individuals
From left to right: Miss Onyinyechukwuka Okonji (Chief Marketing Officer), Mr. Tunde Akin-Moses (Chief Executive Officer) and Mr. Mayowa Adeosun (Chief Operating Officer), all from Sycamore By Kingsley Adegboye To face the difficult and tedious process of financial empowerment, Sycamore.ng is poised to advance the credit culture in Nigeria, providing secured loans to individuals, micro, …
Atlanta Loan Company Launches Website To Boost Small Business Sales | News
ATLANTA, Ga. (CBS46) – Local small businesses have been hit hard by mandatory closings and security measures implemented to slow the spread of the coronavirus. Atlanta-based Kabbage encourages shoppers to support their favorite small businesses through an online platform that allows them to purchase gift certificates for immediate or future use. The platform, www.helpsmallbusiness.com allows …
NBFC U Gro Announces First Year Profits for SME Lending Activities
Company says it disbursed loans worth 1K Cr INR in Q3 U Gro has launched a direct consumer lending platform, GRO-Direct U Gro raised 100 Cr INR from the Sachin Bansal and Poonawala family in 2019 Mumbai-based non-bank finance company U Gro Capital, which started disbursing loans in January 2019, announced that it had reached …
Indonesian Julo raises $ 10 million to expand P2P lending platform – TechCrunch
Julo, a peer-to-peer lending platform in Indonesia, said on Wednesday it has increased its $ 5 million Series A raise to $ 15 million as it seeks to expand its business in the key market of South East Asia. The $ 10 million Round A2 round for the Jakarta-based startup was led by Quona Capital, …
Single Loan Company Acts As Matchmaker For Business Owners News, Sports, Jobs
1/2 Lendio co-founders Brock Blake and Trent Miskin. Blake and Miskin founded Lendio in 2011, and in 2019 the company’s headquarters moved to Lehi. Jessica faye 2/2 Lehi’s new location in Lendio, where the company moved from southern Jordan in 2019. Courtesy of Lendio ?? ?? Starting a business can be exciting, but difficult – …
SecurCapital acquires the lending activity of Breakout Capital Finance
Steve russell, CEO of SecurCapital commented: “We are delighted to have found a highly respected team and an innovative business model in the area of finance for small businesses. I share the vision of the founder of the enormous potential of FactorAdvantage. loan solution and I think we now have the platform and the capital …
5 platforms that could help you get short-term loans for your business
Sufficient capital is necessary for the proper functioning of any business. However, various small business entrepreneurs find it difficult to obtain loans. Although there are various MSME financing programs and platforms for micro, small and medium-sized enterprises, not all entrepreneurs are able to obtain low-interest, collateral-free loans. With the rise of fintech platforms, obtaining business …
How banks can be a game-changer for the SME lending industry
Micro, small and medium-sized enterprises account for more than 80 percent of total industrial enterprises, employ around 117 million people and contribute more than 40 percent to manufacturing output and exports, according to a report by world Bank. Statistics highlight the importance of ensuring inclusive economic growth for MSMEs. The report states that one million …
Fundbox Named “Best Overall Business Lending Company” in 2018 Annual FinTech Breakthrough Awards Program
SAN FRANCISCO, May 24, 2018 /PRNewswire/ — Today, Fundbox, a leader in credit and payments for small businesses serving other businesses (SMB2B), announced that it has been selected as the winner of the “Best Overall Business Lending Company” award. by FinTech Breakthrough, an independent organization that recognizes the best companies, technologies and products in the …
Indian lending platform Capital Float raises $ 22 million Series C expansion from Amazon – TechCrunch
Capital Float, the fintech startup that claims to be India’s largest online lender, today announced it has raised $ 22 million in new funding from Amazon. Late last year, reports surfaced that Amazon was considering an investment in Capital Float as an extension of its $ 45 million Series C, announced last August. The Bangalore-based …
Sequoia invests $ 6 million in loan company NBFC Finova Capital
NEW DELHI: Jaipur-based Finova Capital, an NBFC lending to small businesses and service providers in small towns and rural areas, has raised $ 6 million from Sequoia India. The lender will use the funds raised to expand operations, invest in technology and acquire talent. The company had raised Series A from Sequoia India at the …
How big could Square’s lending business be?
Square‘s (NYSE: SQ) the core business is making credit and debit card transactions easier for small businesses, but the business isn’t just limited to that. A relatively new part of Square’s small business ecosystem is its Square Capital lending platform, which has grown 68% in the past year alone and may only scratch the surface …
Loan company Kuflink moves into former Blockbuster store in Gravesend
A former Minister of Transportation came to the county to cut the ribbon for a new head office for a peer-to-peer lending company. Stephen Hammond, who is the MP for Wimbledon, has been invited by Gravesham MP Adam Holloway to officially open the new Kuflink group base. It has moved into the old 4,500 square …
Commerzbank offers peer-to-peer lending platform for small businesses
FRANKFURT, June 21 (Reuters) – Germany’s Commerzbank has launched a peer-to-peer lending platform to match small businesses seeking finance with institutional clients seeking better returns on their investment. The service will allow small businesses to borrow up to 10 million euros ($ 11.3 million) with maturities of up to five years, Germany’s second-largest lender said …
Lending Loop makes the case for its P2P lending business on #TheDisruptors
Last week, BetaKit wrote about Toronto-based FinTech startup Lending Loop’s decision to voluntarily suspend new loan applications on its platform. The company, which describes itself as Canada’s first and only peer-to-peer lending marketplace for small and medium-sized businesses, has also begun talks with unnamed securities regulators. The company previously told the Financial Post that …
Kiva founder discusses his new for-profit mobile lending business
Matt Flannery In 2005, American Matt Flannery started Kiva, a non-profit organization that allows people to lend money via the Internet to low-income / underserved entrepreneurs and students around the world. By June 2014, the platform had reached 1.3 million small businesses who received nearly $ 600 million in loans. Last year, Flannery resigned as …
P2P Lending Platform Fills Gap for Small Business Installment Loans –
I spoke with Sam Hodges, CEO of Funding Circle USA, about the success of Funding Circle and his take on how this business model is an alternative to small business loans. Sam got his start after being kicked out of banks for 96e time trying to get a franchise loan. Even though they had an …
UK peer-to-peer lending platform’s fundraising circle raises $ 37 million, targets US SMEs in merger with Endurance lending network – TechCrunch
Small businesses have been called the lifeblood of our economy, and today a financial services startup has secured significant funding to help it run better. Funding Circle, a UK-based peer-to-peer lending platform that allows individuals and institutions to lend money to small businesses, has secured $ 37 million in funding. At the same time, it …