The SMBs 40m tiger is an excellent radio to have if you’re looking to get into the hobby. It’s inexpensive, easy to play and has an incredible range. This is the reason it’s often referred to as one of the best buys on the market.
Weavr
Weavr is a London fintech startup that enables Plug-and-Play financial solutions. It aims to disrupt the traditional banking-as-a-service model with its innovative technology. This includes preconfigured APIs that make it possible to integrate financial services with multiple vendors.
The company has already raised $55 million, including a recent $40m round led by Tiger Global, Mubadala Capital, Anthemis, and QED Investors. They’ve also closed two previous funding rounds in the last 18 months. With this latest funding, they will be able to build out their international expansion plans.
Their Plug-and-Play Finance technology is a great way for businesses to integrate financial services. This eliminates the time and cost of integrating various vendors, and shortens the integration process. Ultimately, it simplifies compliance and allows for more customization.
According to the company, their solutions can help any business generate accounts and issue cards. They also enable businesses to transfer funds through APIs. By implementing Weavr’s solution, businesses can expand their offering as they grow.
Float
Float ™ provides a slew of corporate credit lines. The company has an impressive slew of angels, VCs and cynosures to boot. They were spotted by the likes of the likes of the late Steve Jobs, a veritable who’s who of the tech industry. Float was one of the smartest companies in the startup ecosystem. It was also a well-funded startup nexus – they were a close runner up in our prestigious Startup of the Year contest. Float’s chief executive officer, Jesse Ghansah, was one of the best CEOs of our time. His wry witted and wily leadership was a boon to Float. Besides the obvious benefits of free cash flow and a nifty office space, Ghansah’s entrepreneurial flair, aided by the likes of Steve Jobs and Facebook’s Mark Zuckerberg, has fueled the company’s growth. With the aforementioned backing and the onslaught of other worthy startup companies clamoring for a piece of the pie, Float is a prime target for a merger or acquisition.
Codat
Codat is a provider of financial APIs to small and medium-sized businesses (SMBs). It provides the connectivity between SMBs’ financial software and external service providers. Since its founding, the company has grown to a team of over 150 employees. Recently, Codat secured $40 million in Series B funding led by Tiger Global. This round of funding will help the company increase its US presence.
Codat has also recently opened an office in San Francisco and New York. The company plans to use the funding to hire more staff and onboard new customers. Also, the company is focusing on building additional API products. For instance, it’s currently working on a new data product.
According to its CEO, Peter Lord, the financial services industry for SMBs is changing. They’re looking for a faster way to onboard and connect with suppliers. In order to accommodate this, Codat is integrating other services into its API. Among these, it’s adding a visualization tool, which will allow the users to cross-reference data from different services.
Progcap
Progcap is an India-based digital bank that aims to facilitate capital movement across the supply chain for small and medium-sized enterprises. It offers loans to businesses that have no traditional credit records. This includes last-mile retailers, who typically have difficulty accessing working capital.
Progcap works with more than 800,000 SMBs. The company primarily provides loans to SMEs, helping them raise debt or provide their customers with collateral-free loans. Since its launch, the firm has provided more than $6,500 crore worth of last-mile credit solutions.
Progcap helps SMEs and last-mile retailers access finance, utilizing its own underwriting technology to assess their creditworthiness. The company’s credit model also evaluates borrowers’ creditworthiness based on their business activities.
Founded by Pallavi Shrivastava and Himanshu Chandra, Progcap has raised almost $100 million in equity financing to date. It plans to use the funds to expand its business.
Since its inception, the company has been growing fourfold annually, and has already facilitated credit disbursements to more than 700K SMEs. Its goal is to become an operationally viable business in the near future.
