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Small business loan processing: Automate back-office tasks

Abrigo

But these businessesoften the backbone of their communitiesdepend on access to capital. The speed advantage may be due to large banks greater use of automated lending technology, the FDIC said, although large banks increased reliance on hard credit-scoring information may also play a role.

Lending 195
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Avalara Unveils eInvoicing Software For Tax Compliance In India

PYMNTS

The solution comes on top of the technology firm’s array of offerings to bolster the GST compliance experience for companies in the country, according to a Wednesday (Sept. The nation isn’t the first to implement an eInvoice requirement as part of more widespread initiatives to cut reduce financial crime. 16) announcement.

Taxes 163
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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. Last week, Revolut, which recently debuted in the U.S.

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Ripple Closes $55 Million Venture Capital Round

PYMNTS

” Existing Ripple investors include GV (Google Ventures), Andreessen Horowitz, IDG Capital Partners and Jerry Yang’s AME Cloud Ventures. . “We’re thrilled to have these world-class investors joining forces with us to help make this vision a reality.” Ripple has received a total of over $93 million in funding.

Capital 100
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FinTech Sleek Lands $4M For Corporate Services Platform

PYMNTS

Financial technology company Sleek has reportedly netted $4 million in venture funding for its efforts to take on the traditional corporate services industry. SEEDS Capital , the investment arm of Enterprise Singapore , led the funding round, which also included MI8 Ltd.,

Fintech 151
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Small Biz FinTech Leads End-Of-Summer B2B VC

PYMNTS

But it was a Singapore startup building out a holistic suite of small business financial services that landed the largest round this week, by far. Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week.

Fintech 155
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B2B Neobank Qonto Gets $115M In Series C Round

PYMNTS

It also plans to hire more employees with the capital. Challenger banks have been an attractive industry for venture capital activity, as firms continue to pop up and try to disrupt the status quo. Compliance startup Chainalysis landed $30 million in a funding round, and Open Financial Technologies raised $4.6

Capital 131