About: admin

Many small businesses who tried to apply for a Paycheck Protection Program loan during the early days of the pandemic can tell you what a nightmare it was. I know, because it happened to my mother. In addition to my family’s tea company, which I wrote about here, my mother operates her own small business supplying…

SME Finance, a Lithuanian-based fintech startup and leading fintech platform for non-banking financing in the Baltic states, today announced it has received €80 million in back from the European Investment Bank (EIB) to support small and medium-sized Lithuanian, Latvian, and Estonian enterprises in the transport, retail, wholesale, production, and services sectors. The investment is the largest EIB investment…

Aidexa, an Italian challenger bank for SMEs, has raised €45 million in seed financing. Founded by Roberto Nicastro, former general manager of Unicredit, Aidexa intends to use a combination of AI and Open Banking to target the seven million businesses in Italy with a turnover of less than €10 million. The startup, which plans to…

As is known, our German-speaking colleagues already had their reservations about the state of affairs at Wirecard in Germany in 2016. Elfriede Sixt of EFRI (European Funds Recovery Initiative) from Vienna now states that the Netherlands has its own Wirecard with Payvision. This is not good news for ING. When ING bought a significant portion…