SME


Ant Financial Forms JV with CIMB Subsidiary for Digital Financial Services

In another step to expand its global footprint and promote financial inclusion, Ant Financial Services Group on July 24 announced it’s entering into an equity joint venture with CIMB Group Holdings Berhad subsidiary Touch ‘n Go Sdn Bhd (TNG). The JV will introduce a “world-class mobile platform for payments and other financial services,” the companies said.

Curve Hits 50-50 Milestones; Consumer Card to Come

Curve and its all-cards-in-one Curve Mastercard and accompanying banking app apparently has struck a chord with small businesses and freelancers. More than 50,000 SMEs have signed up for the London-based startup’s program, which recorded £50 million (US$63.3 million) in user spending since the beta period began last year.

Western Union launches digital B2B payments platform for SMEs worldwide, WU EDGE

Western Union Business Solutions has unveiled a brand new payments platform for SMEs, WU EDGE. The project has been 18 months in the making and is available to new and existing customers for free. WU EDGE is cloud-based, and is designed to be a single global payments tool for businesses worldwide. It will go live […]

Santander and Kabbage team for SME funding innovation

Santander and Kabbage are piloting an online tool to give UK small and medium sized enterprises (SMEs) access to same day funding. Announced today (4 April) at Money 20/20 in Copenhagen, SMEs can get access to new working capital of between £500 and £100,000 via an online process. At a media briefing, Sigga Sigurdardottir, chief […]

Efma and SAP partner for SME AppsBank Portal

Efma, an association of 3,300 retail financial services companies in more than 130 countries, and SAP have launched a new online portal to help banks’ SME-related business. The portal – (unsurprisingly) hailed as “innovative” and “disruptive” by its creators – supports banks in developing new apps for their SME clients and also holds competitions to […]

Finnish SME banking specialist, Holvi, acquired by BBVA

BBVA has acquired Finnish online-only payments and banking services provider Holvi, as it seeks to expand its portfolio of digital businesses. Holvi will continue to be run as a standalone business, and Spain-based BBVA says there will be a “two-way flow of knowledge, ideas and support” between both parties. Teppo Paavola, chief development officer and […]

NYSE Euronext opens SME market in Netherlands

NYSE Euronext has launched EnterNext, a market for small- and medium-sized companies, in the Netherlands for the first time – a move the exchange says will help local SMEs to get the financing they need.