iHub Nairobi

INDUSTRY OUTLOOK

Citi | January 12, 2022

Citi today announced that it intends to exit the consumer, small business and middle market banking operations of Citibanamex as part of its strategic refresh. Citi will continue to operate a locally-licensed banking business in Mexico through its global Institutional Clients Group. Citi has operated in Mexico for more than a century and the country will remain among Citi’s top institutional markets outside of the U.S. Citi will continue to invest in and grow those institutional banking op...

IBS Intelligence, | February 14, 2020

Banking and bookkeeping service provider for small business owners, Amaiz has entered into a partnership with voice biometric technology provider, ValidSoft in a bid to enable the former to provide next-generation voice biometric security. Amaiz’s Managing Director, Steve Taklalsingh commented, “This powerful partnership will enable us to give our customers an experience that is secure but simple. Our users are busy people, often trying to fit their interaction with us between custom...

C2FO, Marcus by Goldman Sachs | May 19, 2021

C2FO, the world's largest working capital platform, today announced a strategic partnership with Marcus by Goldman Sachs to offer unsecured financing to eligible businesses in the United States that use C2FO. This collaboration aims to provide a modern, fast, and productive way for small and medium-sized businesses to access working capital. Working capital is essential for the development of small and medium-sized businesses, as well as the stability of supply chains in a var...

SMALL BUSINESS ADVICE

Atom, Funding Circle | May 31, 2021

UK-based small business loan platform Funding Circle and Atom, the UK’s app-based bank, have announced a lending partner that will provide £300 million of new funding to small businesses. With £350 million already lent through the Funding Circle platform, this latest commitment brings Atom’s total lending with Funding Circle to £650 million. Lisa Jacobs, Europe managing director of Funding Circle, said, “We are excited that Atom bank has strengt...