SMEs

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Dutch fintech Finom has raised €50mn, which the startup will use to boost its digital banking services. Founded in 2019, the Amsterdam-based business operates a pan-European neobank for SMEs and entrepreneurs. It integrates online banking, accounting, and financial management into a single platform. Kos Stiskin, co-founder at Finom, said the company was built to simplify banking for small businesses. “Finom was born as a cost-effective and user-friendly digital banking solution for…

Finom, a European challenger bank aimed at SMEs and freelancers, has raised €50 million ($54 million) in a Series B equity round of funding. Founded out of the Netherlands in 2019, Finom lets businesses open up an online bank account in minutes and receive an IBAN (International Bank Account Number) to support cross-border transactions. On top of that, customers also receive physical or virtual bank cards, expense management tools, and integration support for accounting software. In truth, the…

Fewer than one-in-five Australian SMEs are using GenAI, despite the low cost and barrier to entry. IT pros can help SMEs implement AI now. 2023 has been the year of generative AI, and it’s just getting started. It’s likely we haven’t even predicted the full impact that tools like ChatGPT and Google’s Bard will have. As a report by McKinsey made clear earlier this year: “The expected business disruption from gen AI is significant, and respondents predict meaningful changes to their workforces. They…

Just a day after the announcement of the first official Apple retail store in India, Apple Store online has now come up with good news, especially for SMEs. Apple Store online has launched support for SMEs in India with a dedicated business contact centre team to advise and support purchases of Apple hardware, software and services that work together to give you the power and flexibility to do whatever needs doing.Apple products and platforms provide security of both personal data and company information, whether you are…

NEW DELHI : Small and medium-sized enterprises (SMEs) in the Indian tech industry are likely to generate…

The European Commission has launched a new €7.5 million grant scheme to help Ukrainian SMEs integrate and benefit from the single market. The so-called ReadyForEU scheme comprises two calls for proposals directed to Ukraine-based businesses and entrepreneurs: the Business Bridge and the Erasmus for Young Entrepreneurs — Ukraine. The calls follow the country’s recent entrance into the singlemarket programme, which is also providing the funding. “ We’re offering…

DE-CIX, world’s leading carrier and data center neutral Internet Exchange (IX) operator, Tuesday announced that its global collaboration with…

Superscript, an insurance broker and tech platform targeting SMEs and “high-growth” tech firms, has raised £45 million ($54 million) in a Series B round of funding Founded out of London in 2015, Superscript constitutes two core insurance businesses: an online-only “self-serve” platform that’s available to U.K. customers including SMEs, sole traders, and landlords, and an advised broking service called SuperscriptQ that’s available in the U.K. and across the European Economic Area (EEA). This is…

According to EU data, small and medium-sized enterprises (SMEs) are the backbone of Europe’s economy. They represent 99% of all businesses in the Union, employ around 100 million people, and account for more than half of Europe’s GDP. Yet, business survival for SMEs has been continuously challenged since the pandemic. After suffering the consequences of the COVID crisis, SMEs are now particularly affected by soaring energy prices, inflation, supply chain bottlenecks, and changed consumer…