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PYMNTS.com | January 22, 2020
Qonto, a French startup Neobank that caters to B2B clients, has raised $115 million in a Series C funding round led by DST Global and Tencent, according to a report.Investors Valar and Alven also took part in the funding round, as well as TransferWise Co-founder Taavet Hinrikus and Adyen CFO Ingo Uytdehaage. The startup said this was the largest funding round ever for a French FinTech.Qonto focuses on a subset of small- and medium-sized businesses (SMBs) across Europe. The startup has said that ...
Small Business Trends | February 13, 2020
Most small businesses (90%) have taken steps to prepare their businesses for an economic downturn. Despite this, many believe the climate remains predominantly favorable. And more than half (57%) admit to feeling better about the state of the US economy compared to a year ago. The statistics come from the 2020 Hiscox Small Business Owner Risk Outlook. The report reflects data compiled by the leading small business insurer, Hiscox. The research surveyed 1,000 small business owners in the United S...
Yahoo News | March 09, 2020
State-owned bank Natwest has announced a £5bn ($6.5bn) package of support for UK small businesses hit by coronavirus. Natwest, which is owned by Royal Bank of Scotland (RBS.L), said Monday it was setting up a £5bn working capital facility that would help small and medium sized businesses hit by the economic fallout from coronavirus. New measures announced include emergency no-fee loans, loan repayment holidays of up to six months, emergency overdraft extensions, and help with cashflo...
Finextra Research | February 27, 2020
Today, Mastercard and myPOS, a pan-European fintech, signed a strategic partnership agreement to promote card payment solutions to SMEs across Europe. Working together, the partnership will raise awareness among small businesses of the innovative solutions to accept card transactions; designed to meet their needs at a price that fits their budget. SMEs underpin the European economy, representing 99% of all businesses, but, traditionally, the ability to pay by card in such businesses has been var...
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