#SME / SME credit fintech Dinie lands dLocal deal one year into Brazil play

Led by two women, ex-Santander UK employee Suzy Ferreira and Sao Paulo-based Andrea Burattini, Dinie set up shop in Germany in 2018. The start-up leverages the market know-how of the UK, as well Germany’s technology and capital. “We make it fast for small businesses to access capital,” Ferreira explains. “We can finance the seller inContinue reading “#SME / SME credit fintech Dinie lands dLocal deal one year into Brazil play”

#SME / PayPal investment lands SME fintech Divvy with unicorn status

The start-up announced a $165 million Series D funding round with participation from new investor PayPal Ventures… Divvy wants to combine credit, vendor, and spend management into a single platform “We’re not just building for tech startups,” explains Blake Murray, Divvy’s CEO. The fintech claims to have driven up its sign-ups by 500% monthly sinceContinue reading “#SME / PayPal investment lands SME fintech Divvy with unicorn status”

#SME / Orange Bank acquires French neo bank Anytime

Orange Bank has acquired french neo bank Anytime, extending its app-based services to the freelance and SME market. The acqusition gives the telco a foothold in the small business banking market, having launched three years ago as a pure-play consumer bank. … Anytime has grown by offering business accounts, payments and expense management tools thatContinue reading “#SME / Orange Bank acquires French neo bank Anytime”

#SME / BlueVine Unveils Integrated Business Banking Solution for SMEs

BlueVine Business Banking gives SMEs online services and tools to help them manage their finances, deposit checks, transfer funds, and make bill and vendor payments. The solution includes BlueVine’s Business Checking product, which the company said had seen “rapid adoption” by its customers during the recently-concluded beta testing period. … Beginning this month, the companyContinue reading “#SME / BlueVine Unveils Integrated Business Banking Solution for SMEs”

#SME #PFM / NerdWallet makes second acquisition in 2020 with Fundera

NerdWallet, a credit card marketplace which doubles up as a personal financial management (PFM) tool, is powering on with its small acquisition spree this year. Instead of continuing its UK expansion, the San Francisco-based start-up has gone back to its roots, acquiring Fundera, a New York-based small business loan comparison site. The move sees NerdWalletContinue reading “#SME #PFM / NerdWallet makes second acquisition in 2020 with Fundera”

#SME / Starling Bank eyes acquisition to grow SME lending

Starling Bank will “probably” acquire a lending platform within the next year or two, its chief executive has revealed, as the challenger bank seeks to grow its small- and medium-sized enterprise (SME) loan originations. … chief executive Anne Boden said that Starling Bank is rapidly expanding the SME side of its business and SME loansContinue reading “#SME / Starling Bank eyes acquisition to grow SME lending”

#SME / NerdWallet to Acquire Fundera, the Go-to Financial Resource for 28 Million US based SMBs

NerdWallet, a U.S.-based website and app that offers financial guidance to over 160 million consumers each year, has reportedly acquired Fundera, which serves as the “go-to” financial resource for the 28 million SMBs based in the United States. The acquisition will allow NerdWallet to expand its financial guidance and other types of financing services soContinue reading “#SME / NerdWallet to Acquire Fundera, the Go-to Financial Resource for 28 Million US based SMBs”

#PayTech / Brex Launches ‘Instant Payouts’ Service For eCommerce Firms

Instant Payouts enables businesses that sell online to tap into the sales revenue they have earned immediately, as opposed to waiting weeks or longer for the money to come rolling on Amazon, Shopify and other big platforms. Brex is launching its new feature for eCommerce companies that sell on Amazon, with plans to soon expandContinue reading “#PayTech / Brex Launches ‘Instant Payouts’ Service For eCommerce Firms”

#PayTech / ‘The nice thing about our model is everyone wins’: Plastiq allows consumers to use credit cards a t businesses that don’t accept them

Eliot Buchanan dreamed up the idea of Plastiq seven years ago as an undergrad. A Canadian in the U.S., he got frustrated by how hard it was to transact paying for his tuition. His firm Plastiq enables individuals and businesses to pay for virtually any expense with a credit card — even if a merchantContinue reading “#PayTech / ‘The nice thing about our model is everyone wins’: Plastiq allows consumers to use credit cards a t businesses that don’t accept them”

#SME / OnDeck Originated $148M in Loans in Q3, is Moving Full Speed Ahead

[Enova’s CEO:] “We have basically all of our marketing channels turned on across consumer and small business [lending]… OnDeck is probably a little bit ahead of where we are on the Enova side. We were a little bit more cautious in our re-acceleration of our lending kind of going into the 3rd quarter but weContinue reading “#SME / OnDeck Originated $148M in Loans in Q3, is Moving Full Speed Ahead”