iwoca - one of Europe’s largest small business lenders - has today launched its industry-first cash advance product on Funding Xchange for small business online sellers.

iwoca will be the first lender in the UK - using Open Banking - to offer fully automated revenue-based repayments to e-commerce businesses with a business bank account on the marketplace.

• Specialist insurance firm Inigo Ltd is the best funded start-up of 2020-21, with $800,000,000 raised since launching in 2020
• Also within the top 10 is Genesis Digital Assets, a bitcoin mining operator
• Seven London-based businesses dominate the top 10

Specialist insurance firm Inigo Limited is the best-funded start-up of 2020-21, a new study reveals.

Marlin Equity Partners acquires a majority stake in Rydoo and becomes the major shareholder of the T&E management company. 

SIA's technology infrastructure will process the transactions

of credit and prepaid cards issued by the Austrian bank

BAWAG P.S.K., one of the largest banks in Austria with 2.3 million customers, has selected SIA, a leading European hi-tech company in payment services and infrastructures, controlled by CDP Equity, as the technology partner for the management and processing of the credit and prepaid cards portfolio issued by BAWAG P.S.K., easybank and PayLife.

Over two thirds (66 per cent) of small and medium sized enterprises (SMEs) have said they felt let down by their banking provider during the Coronavirus pandemic, according to a new survey. The data, collated by researchers from the Parliament Street Think Tank, indicates that the disconnect between businesses across Europe and financial services organisations has widened since the beginning of the pandemic.

Mobility payment solutions disruptor Bussr has forecast sales of $1 billion in 2022

Bussr offers a mobility payment solutions platform for businesses and users, powering payments infrastructure for the mobility market using the latest booking and ticketing innovations. More than 800 businesses have already signed on to use Bussr's platform, 100 of which, amounting to US$150 million in annual sales, will go live in 2021

Fime is now supporting the certification of point of interaction (POI) solutions in line with the latest nexo standards implementation specifications*. Based on nexo Fast specifications and nexo ISO20022 protocols, the certification harmonizes the behavior and communication between the terminal, the acquirer host and the estate management system.

ISO 20022 ready platform automates regulatory reporting to reduce the risk of non-compliance

• Agreement underlines the increasingly important position of the MTF
• Securitised certificates are becoming more sought after by investors

New research explores the increase in recent payment fraud attacks and provides recommendations for businesses on combatting the threat