SMEs

Finom, a European challenger bank for SMEs, raises $54M

Finom, a European challenger bank aimed at SMEs (small and medium-sized enterprises) and freelancers, has raised €50 million ($54 million) in a Series B equity round of funding. Founded out of the N

Ukrainian startup Zeely raises $1M for SMB growth app aimed at US, UK, Brazil, Mexico

As Gen Z turns into their early-to-mid 20s, a new generation of business owners is coming online. Many of these new entrepreneurs do the vast majority of work on their phones. This is especially true

Singapore-based neobank Aspire raises $100M from Lightspeed and Sequoia SEA

Aspire, the Singapore-based neobank that wants to become the financial operating system for SMEs, has raised an oversubscribed $100 million Series C round. Investors included Lightspeed and Sequoia Ca

Pivo powers up Nigerian freight carriers with a bespoke digital bank, gets $2M seed funding

Most small and medium enterprises (SMEs) in supply chains across different sectors in Africa execute orders in days but receive invoices after several weeks and sometimes months. It’s such an ineffi

Fiserv, LG back Korea Credit Data as the SME-focused fintech startup raises another $24.7M

In South Korea, there are about 7.3 million small and medium-sized enterprises (SMEs) — defined as firms with less than 250 employees. Their workforces combined make up 83.1% of all corporation

Philippines-based MSME platform GrowSari raises $77.5 million Series C

GrowSari, a Manila-based platform for digitizing small businesses in the Philippines, announced today it has raised a total of $77.5 million for its Series C round. Along with prior funding, including

SME lender Funding Societies raises $144M led by SoftBank Vision Fund 2, plus $150M in debt lines

Small businesses are the backbone of Southeast Asia’s economy, but many struggle to secure working capital loans because they don’t have traditional credit records or collateral, say the founders

Singapore-based StaffAny gets $3.4M led by GGV to simplify shift management

StaffAny, a management platform for SMEs with shift workers, has raised a $3.4 million Series A led by GGV Capital. The round included participation from East Ventures, FreakOut Shinsei Fund, Far East

YC alum Dropee, a Malaysia B2B wholesale platform, lands $7M Series A

Another startup focused on SMEs in Southeast Asia has announced a funding round. Dropee, a Malaysia-based B2B wholesale platform that also offers financial services, like working capital loans, to SME

Jakarta-based SME financial platform KoinWorks scoops up $108M Series C

The backbone of Indonesia’s economy are its estimated more than 60 million SMEs. But many lack access to working capital and, especially before the pandemic, managed their finances using manual proc

Aspire raises $158M Series B to build a full-stack “financial operating system” for Southeast Asian businesses

Aspire, the Singapore-based neobank that wants to become an “end-to-end financial operating system” for Southeast Asian businesses, is moving closer to its aspirations with a $158 million Series B

SoBanHang gets $1.5M to help small Vietnamese stores sell online for the first time

A few months ago, brothers Hai Nam Bui and Hai Long Bui were developing a bookkeeping app for small retailers in Vietnam. Called SoBanHang (or “sales book”), it would help businesses that usually

Atera raises $77M at a $500M valuation to help SMBs manage their remote networks like enterprises do

When it comes to software to help IT manage workers’ devices wherever they happen to be, enterprises have long been spoiled for choice — a situation that has come in especially handy in th

Indonesian B2B marketplace GudangAda raises more than $100M in new funding

GudangAda, a Jakarta-based marketplace that brings wholesalers closer to retail stores and other buyers, announced it has closed a Series B of more than $100 million. The company says the round was ov

Employment Hero gets $140M AUD Series E led by Insight Partners, grows valuation to $800M AUD

Four months after announcing its last round, Employment Hero has closed another $140 million AUD (about $103 million USD) in funding. The Series E was led by Insight Partners, the venture capital firm

Vara raises $4.8M from investors like Go Ventures and Sequoia India’s Surge to digitize Indonesian SMEs’ payrolls

If you follow startup news from Indonesia, you know that the country’s estimated 60 million small businesses are a hot target for tech companies. BukuKas and BukuWarung, for example, both recently r

Australian fintech Zeller lands $50M AUD led by Spark Capital at a $400M AUD valuation

Zeller, a Melbourne-based fintech founded by former Square executives to serve small- to mid-sized businesses, has raised $50 million AUD (about $37.5 million USD) led by Spark Capital, the investment

DataRails books $25M more to build better financial reporting tools for SMBs

As enterprise startups continue to target interesting gaps in the market, we’re seeing increasingly sophisticated tools getting built for small and medium businesses — traditionally a tric

Novo, a neobank for SMBs, banks $41M

Small businesses have traditionally been underserved when it comes to IT — they are too big and have too many requirements that can’t be met by consumer products, yet are much too small to

Corporate services “superapp” Osome lands $16M Series A

Osome, a startup that combines multiple corporate services for SMEs into one “superapp,” has raised a $16 million Series A. The round included returning investors Target Global, AltaIR Capital and
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