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Demand for embedded finance soars among SMBs as traditional banks fall short

Airwallex, a leading global payments and financial platform for modern businesses, announced a new global survey that revealed surging demand for cloud-based financial services with more than 80% of SMBs looking to switch away from traditional banks for their payment needs. The report, jointly...


Financial well-being start-up closes US$4.75 million funding round

Financial well-being start-up, Mintago, has closed a US$4.75 million funding round to further enhance its platform and accelerate its growth across the UK.  Mintago, a Financial Conduct Authority (FCA)-regulated company, offers the UK’s most complete and inclusive financial well-being...


Applications of embedded AI could add over US$500 billion to the value of SMEs globally

According to the Bessemer Cloud Index, a benchmark that tracks the performance of emerging public companies, the current market cap is around US$1.5 trillion. With this figure in mind, a mere 10% value addition from AI could inject US$150 billion into SMEs across the globe.  Lee Chin...


UAE small businesses eye global expansion as key to growth, Visa study finds

Visa has revealed findings from the seventh edition of its Global Back to Business Study, which found that a majority of surveyed small and micro businesses plan to prioritise cross-border sales as they look to scale to new geographies. Additionally, the survey found that a growing number of...


UMi Debt Finance receives additional £4 million of funding to support growing Scottish SMEs

With loans ranging from £25,001 to £250,000, the extension of the Scottish Growth Scheme offers significant financial support to growing Scottish businesses. The scheme, set up by the Scottish Government, has been managed by UMi since 2019, and during that time has provided £12...


Unlocking venture capital: the five Ms of SME funding success

Proving your start-up has long-term potential can be a difficult task, but it is essential if you want to encourage investors to open their wallets. Rich Abrahams, Chief Investment Officer of Sprout, explains how SMEs can approach the process of securing venture capital. He speaks about the five...


Samunnati partners with finbots.ai to transform credit risk management using AI

Samunnati, one of India’s largest agri enterprises, has signed an agreement with Singapore-headquartered B2B SaaS FinTech, finbots.ai, to transform credit risk management using AI. With this, Samunnati becomes the first agri enterprise in India to incorporate...


Hong Leong Bank celebrates five consecutive years as The Asian Banker’s Best SME Bank

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 in a row, underscoring the bank’s consistent investment into the success,...


Partnership to help merchants streamline shipping and warehouse operations

ShipStation, a leading cloud-based e-commerce shipping solution, has announced a partnership with PULPO, a leading provider of cloud-based warehouse management systems (WMS), to power merchants with the warehouse and shipping solutions they need to grow their business. The partnership between...


Editor’s Question: Is an ERP an essential tool for an SME and why?

Four experts explain why they think an ERP is an essential tool for an SME. Robert Sinfield, Global Head of Product, Sage, outlines his thoughts below. In today’s fast-paced and competitive business climate, small- and mid-sized businesses (SMBs) face numerous challenges in managing their...


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