Banehplaza

Finom | September 24, 2020

B2B financial service startup Finom — which provides online financial services for SMEs, freelancers and the self-employed in Europe — has raised an additional $12 million (€10.3 million) to add to its previous seed round of €6.5 million last April. The total funding raised in 2020 is now €16.8 million, and this is before the company has done a Series A round. Investors include Target Global (Germany), Cogito Capital (Poland), Entree Capital (Israel), Avala Capital (Ge...

Reuters | May 05, 2020

New York’s Attorney General said on Monday she has asked 11 major U.S. banks to clarify how they had issued loans tied to the U.S government’s $660 billion program to rescue small businesses from the impact of the coronavirus pandemic. Known as the Paycheck Protection Program, the plan was intended to help small firms weather the worst global economic crisis in decades but has been hobbled by missing paperwork, technology failure and a misdirection of funds to big corporations...

Ruth | April 24, 2020

The parent company of Ruth’s Chris Steak House, which has been at the center of a national firestorm after it claimed $20 million from a fund meant to help small business survive the coronavirus pandemic, is returning the money. The news, first reported by the Wall Street Journal, broke hours after the U.S. Treasury Department updated its guidance for the “Paycheck Protection Program” to say that companies applying for the potentially forgivable loans “must certify...

TECHNOLOGY

Gupshup | December 21, 2021

Gupshup, the market leader in conversational messaging, announced today the launch of a WhatsApp-based commerce solution that enables any business to construct a digital "storefront" on WhatsApp. Businesses can offer conversational journeys throughout the purchasing process, including pre-purchase, purchase, and post-purchase. Gupshup enables businesses to manage the whole purchasing experience on WhatsApp. Additionally, this comprehensive commerce solution makes use of ...