Sections
Small Business Loans
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1.9KB2B PaymentsEurope Business Lender iwoca Awarded £10M Stipend
A £10m grant from Banking Competition Remedies (BCR) was awarded to iwoca, one of Europe’s largest business lenders, as announced by iwoca...
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2.0KBankingUK’s B-North To Launch SMB-Only Banks Next Year
B-North has announced plans to open a network of small-business-only bank offices throughout the U.K. by the end of next year. The...
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2.6KB2B PaymentsMarketplace Lending At The Crux Of Changing SMB Finance Tides
The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially...
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5.7KLoansSquare Capital Expands SMB Loan Access To Third Parties
Invoice2go and Square Capital announced late last week they inked a partnership in which Invoice2go customers can access funding from within the...
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5.9KB2B PaymentsOnDeck Launches Same Day ACH Service For SMB Borrowers
Small business lending platform OnDeck is accelerating access to capital for its users through the launch of a same-day funding option. In...
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7.0KAlternative FinancesPayPal Hits £1B UK SMB Lending Milestone
PayPal said on Wednesday (March 6) that it has provided more than £1 billion in financing to small businesses in the United...
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6.1KB2B PaymentsFunding Circle Hits $2B In SMB Loan Volume
Alternative lending firm Funding Circle announced it has reached $2 billion in small business loans facilitated through its platform, a figure that...
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5.0KB2B PaymentsLendingClub Links Lenders To Loan Metrics Via Brismo
Lending performance data solutions provider Brismo is integrating its technology into the LendingClub platform, enabling lenders to analyze the performance of their...
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3.6KB2B PaymentsAlt Lender Fountainhead Secures SBA Loan License
Small Business Administration (SBA) loans have found a new avenue through which they can reach small businesses. A press release issued on...
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4.0KB2B PaymentsCapX Taps Moody’s For SMB Loan Underwriting
Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. The...
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3.4KB2B PaymentsFundation Digitizes SMB Loans For Banc Of California
Alternative small business lender Fundation has struck a new partnership with another financial institution, the company revealed Wednesday (Jan. 23). In a...
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6.1KB2B PaymentsRising Delinquency Rates Dampen Reports Of Stronger Business Performance
There is a lot to be optimistic about for U.S. businesses. A strengthening economy and forecasts of new revenue heights have corporates large...
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3.5KB2B PaymentsNew York Ramps Up Fight Against Predatory SMB Lending
Just days after New York Attorney General (AG) Barbara Underwood announced an investigation into possible misconduct among merchant cash-advance (MCA) firms against...
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7.0KB2B PaymentsHSBC Digitizes SMB Lending In Canada With Biz2Credit Partnership
HSBC Bank Canada is collaborating with alternative lending firm Biz2Credit to streamline and digitize small business lending in the country. A press...
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5.3KB2B PaymentsPayNet Links Community Bank BNB To Small Biz Loan Tech
Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. A press...
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3.8KEarningsOnDeck Loan Originations Surge
OnDeck Capital said in its third-quarter results that loan origination volume jumped double digits year over year and sequentially, where the volume...
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2.8KB2B PaymentsOpen Banking Connects iwoca To Lloyds Account Data
U.K.-based alternative small business lender iwoca is linking into data from Lloyd’s Bank accounts to streamline loan underwriting for joint customers. In...
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6.0KB2B PaymentsSMBs Ramp Up Legal Fight Against New Virgin Money Owner CYBG
CYBG, which recently acquired Virgin Money with plans to ramp up small business lending, is facing a heightened legal challenge from small...
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5.0KB2B PaymentsNav, Clover Pair To Bring Small Firms Their Credit Scores
Credit score and business solutions provider Nav is pairing up with First Data subsidiary Clover to expand small businesses’ access to their...
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5.7KB2B PaymentsAmex Taps Alt-Lender Ezbob In SMB Financing Push
American Express has announced a partnership with U.K.-based alternative lending platform Ezbob as it continues to broaden its small business financing offerings....
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5.0KB2B PaymentsUS Bank Designs Online SMB Lending Platform
U.S. Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. 25). Following in...
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7.0KLoansStripe Mulls Cash Advance Service For SMBs
Stripe, the digital payments startup, is reportedly testing a new cash advance service for its business customers. According to reports, the new...
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4.0KConsumer FinanceA Decade On, Lending Transformed By Crisis And Innovation
Necessity is the mother of invention. Invention can become necessity. And in lending, with the financial crisis in the rearview mirror, a...
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4.8KLoansCommunity Bank Lending To SMBs On The Upswing
New data shows that community banks lending to small businesses has increased in recent years. The U.S. Government Accountability Office (GAO) analyzed community bank...
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3.8KB2B PaymentsSurveys Show It’s A Good Time To Be A (US) Small Business Owner
Small businesses (SMBs) in the U.S. are increasingly optimistic. Expectations about economic growth, and increases in their own revenues, make for a...
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2.6KB2B PaymentsSBA Enhances CalPrivate Bank’s Small Business Lending
Private Bancorp of America has announced that its subsidiary CalPrivate Bank now has two separate Small Business Lending channels so that it...
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4.8KInternationalChina Seeks To Encourage Credit Flows With Loans
To help stimulate credit flows to local governments and companies, The People’s Bank of China has injected 149 billion renminbi – or...
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5.0KB2B PaymentsBlockchain SME Finance Firm Debitum Preps For Launch
Debitum Network is readying to be the newest blockchain-powered small business lending platform on the market. The company is set to launch...
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3.1KEarningsOnDeck Sees Loan Originations Up 26 Pct In 2Q
OnDeck Capital reported second quarter results that showed continued growth in loan originations and improved credit quality metrics. Management stated on a...
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3.9KB2B PaymentsVisa Expands SMB Service In Kenya With Alt-Lender
Visa is expanding its presence with small businesses in Kenya through a new partnership with alternative lender Branch International, a mobile small...
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4.3KGlobal PaymentsBNP Paribas Unveils UK SME Debt Fund; Nanjing Rolls Out $1.5M Blockchain Fund
Welcome to The Axis, your late look at payments news from around the world. Coverage includes BNP Paribas Asset Management’s new U.K. debt...
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3.5KB2B PaymentsCalifornia Closes In On Extending Borrower Protections To SMBs
California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products,...
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3.7KB2B PaymentsOnDeck Secures Credit Facilities In Australia And Canada
Alternative small business lending platform OnDeck is expanding financing to businesses in Canada and Australia, the company announced on Wednesday (July 18)....
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3.6KB2B PaymentsFor SMB Underwriting, Exploring A More Reliable Kind Of Alternative Data
The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways...
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2.7KB2B PaymentsWith FinTech Pacts, FIs Take Aim At SMBs, Customer Service
This past week might have been termed small business (SMB) week, if FinTech and financial institution (FI) announcements were any indication. U.S....
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4.0KLoansTrump’s Small Biz Lending Bill Sees Approval From CBA
After the Senate passed legislation earlier this month that boosts the Small Business Administration’s lending authority, President Donald Trump signed that legislation...
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5.6KB2B PaymentsCompetition Heats Up Between Large FIs, Small Banks, Alt Lenders – And SMBs Win
Loan approvals for small business borrowers in the U.S. hit a new peak last month, according to Biz2Credit research. But the story...
- 3.7KRegulation
Bill To Increase SBA SMB Lending Authority Passes In Senate
The U.S. Senate has unanimously passed a bipartisan bill that will increase the Small Business Administration’s authority over the Small Business 7(a)...
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5.7KLoansBlueVine CEO: The Real Value Of Invoice Factoring
The landscape in SMB lending is almost totally unrecognizable from what it was even a short five years ago, BlueVine Founder and CEO,...
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5.5KSouth AsiaPayMate CEO On India’s SME Lending Watershed Moment
The SME segment in India has been a consistent bright spot and engine for growth over the last several years. According to...
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4.9KB2B PaymentsThe Biggest Banking, Regulatory Challenges For Today’s Entrepreneur
National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of...
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6.9KPartnerships / AcquisitionsKabbage Acquires Lending Data Provider Orchard Platform Markets
Small business lending platform Kabbage is making plans to acquire Orchard Platform Markets, a provider of lending data and services. According to...
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5.4KB2B PaymentsUK SMB, Bank Groups Spar Over Low Lending Rates
U.K. small businesses continue to struggle with access to bank funding, according to reports in Financial Times on Friday (March 30). Small...
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5.1KSMBsTSB To Launch Business Marketplace To Enable SMBs To Shop For Loans
TSB, the U.K.’s challenger bank, is gearing up to create Business Marketplace, an internet site that will enable small businesses to compare...
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5.1KB2B PaymentsFunding Circle Chooses Bank Partners For Record-Setting Float
Funding Circle has reportedly chosen the banks to help it go public, according to Bloomberg reports from Sunday (March 11). An unnamed...
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4.1KAlternative FinancesUK Federation Of Small Businesses Says AltFin Is Just Heating Up
Small businesses face a mountain of financial challenges in the U.K., from late payments from their large corporate clients to a lack...
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5.8KB2B PaymentsEconomy Boosts SMB Borrowing Activity
New data from small business credit analysis firm PayNet finds the small and medium-sized business (SMB) lending landscape expanded significantly toward the...
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4.1KB2B PaymentsFirst National Bank Plans Online SMB Lending Portal
First National Bank and Trust Company is planning the launch of a digital small business lending portal and has tapped a partner to...
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5.2KB2B PaymentsCards, Bank Loans And AltFin Easing SMBs’ Search For Financing
With another Small Business Saturday in the books, small- and medium-sized businesses (SMBs) are still kept on their toes by the yearly...
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4.1KB2B PaymentsAsia’s Alternative SMB Finance Lands Investment Boom
B2B FinTech enjoyed more time in the spotlight with investors this week as companies around the globe — ranging from eProcurement to small-...
