Finance
Late payments are the biggest cause of cash flow stagnation for UK SMEs,...
Late invoices are the primary culprit for causing cash flow problems for businesses according to two-fifths (41%) of UK small- and medium-sized enterprises (SMEs) while making sure the bills are paid was an issue for a...
Intuit launches simplified financial management for the UK’s 3.1 million o...
Intuit announced the UK launch of QuickBooks Sole Trader, a powerful cloud-based tax and accounts solution, with built-in AI automation, designed specifically for sole traders, including landlords with single property...
Paymentology announces strategic partnership with Zand Bank to accelerate...
Paymentology, a leading global issuer processor, has signed a referral partnership with Zand Bank, a fully licensed, all-digital bank in the UAE. This collaboration focuses on expanding financial services for...
Not-so-open banking fails businesses that dare to dream beyond their borders
Companies of all sizes can now trade overseas as the online world has removed barriers to cross-border trade. But although the online world has charged ahead, the banking industry has failed to keep up. Martynas...
Alba Bank partners with ClearBank to manage payments for SMEs
Alba Bank, one of the UK’s newest challenger banks dedicated to supporting SMEs, has partnered with ClearBank, an enabler of real-time clearing and embedded banking, to manage payments for its customers. Alba Bank w...
Hong Leong Bank celebrates five consecutive years as The Asian Banker’s...
In an achievement that highlights its excellence in serving SMEs in Malaysia, Hong Leong Bank (HLB) has been awarded the title of Best SME Bank by The Asian Banker for the fifth year...
Company finds a software solution to bring everything under one roof
Zafbuild is a professional roofing service based out of Bristol in the UK, offering a wide range of roofing solutions. Founded by South African William De Wet, the professional roofing company has completed over 125...
Editor’s Question: How can financial software help an SME?
Financial software can make a huge difference to the success of an SME. Branden Jenkins, Chief Operating Officer, Medius, said: “Historic inflation levels, a looming recession and the possibility of another black swan e...
Editor’s Question: How can SMEs alleviate cash flow pressures caused by...
In uncertain economic times, small businesses are being squeezed from all sides. Alex von Schirmeister, Managing Director, UK & EMEA, Xero, explains hows small- and medium-sized companies can cope with late payments. He...
How not to drown in red tape: there’s an app for that
Companies are facing an ever-growing compliance burden as regulations increase and with skilled talent hard to come by, finance teams are trying to do more with less. Businesses in the SME bracket will potentially feel t...
Family-owned businesses should bring in finance talent and invest in...
Family-owned businesses (FOBs) are built for resilience. However, when these businesses grow to a certain size, the financial cracks can start to show. A lack of standardised processes, integrated systems and directed...
Transforming SME manufacturing
Don Valentine, Absoft’s Commercial Director and ADIMA ERP Lead, talks to us about transforming SME manufacturing and how the UK’s manufacturing sector has responded well to the challenges of recent years. The UK’s manuf...
Reinventing financial due diligence for SMEs
Ian Fishwick, Client Services Director from Evolution Capital, outlines the challenges faced by SMEs when acquiring another SME and how Evolution Capital has reinvented financial due diligence. There are about...
SME lender secures new £200 million funding led by Citi
iwoca, one of Europe’s largest SME lenders, has announced a new £200 million package of debt funding from Citi and Waterfall Asset Management and doubles its SME loan offer ceiling to £1 million. The funding follows a ser...
Fuel Ventures leads £1.5 million investment in Groov to bridge the SME ...
Fuel Ventures, a leading UK venture capital fund, has led a £1.5 million seed funding round in Groov, a leader in embedded lending. Supported by Aperture and a select group of industry-focused angel investors, ...
EIB Global and KCB Bank sign deal to support SMEs, youth and women
The EIB Global and KCB Bank Kenya signed a €230 million deal to support SMEs, youth and women in Kenya, a partnership in which EIB Global provides a €115 million credit line, which KCB will match. This is EIB Global’s large...
Liberis to extend small business financing to 10 European countries through...
Liberis, a leading global embedded finance platform, announced a partnership with myPOS, an award-winning FinTech platform and payment service provider to European SMEs. This partnership will enable myPOS to...
BCRS Business Loans increase investment for small businesses
Community lending specialists, BCRS Business Loans, has extended its support for businesses by increasing its upper loan limit to £250,000. BCRS Business Loans works with SMEs across the West Midlands and Wales which ...
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