Startup of the Day: Lithuanian fintech SME Finance
Established in 2016, SME Finance is building an AI-driven financial technology platform which takes quick lending decisions that allow to bring the best financing solutions for small and medium enterprises in the Baltics and larger EU region...
SME Finance ships AI-powered revenue-based financing product
SME Finance, the fintech reinventing growth financing for small- and medium-sized enterprises, has launched Smart Loan — a revenue-based financing solution offering a fairer...
Why Are Banks Still Missing Out on the $66 Trillion SME Opportunity?
Micro businesses and SMEs represent around 90% of all firms globally, provide roughly 70% of all employment and, by some estimates, contribute to up to 70% of global GDP. That’s a $66 trillion annual opportunity for the world’s banking community....
It isn’t AI that’s biassed — it’s banks and VCs
AI has been getting a bad rap when it comes to possible bias. Amazon’s AI recruiting engine, ironically developed to eliminate possible human prejudice, appeared to be biassed against women. It downgraded...
Fintech SME Finance opens in Finland to help close €2bn funding gap for smaller businesses
SME Finance, the fintech reinventing growth financing for small- and medium-sized enterprises, has opened for business in Finland, promising fairer, faster growth financing for the nation’s smaller businesses faced with a €2bn funding gap.
Funding Slowdown Means Better Choices for Startups
Venture capital (VC) funding has historically been viewed as the only way for a company to find true success. While there have of course been some companies that broke this mold, for the most part that has been the general view. However, as the global VC funding slowdown...