Unmb EU Readies New AI Restrictions Despite Trump Pushback
U.K. small business lender and commercial card company Capital on Tap is collaborating with accounting software company Receipt Bank to launch the Receipt Bank Card, a commercial card solution for small businesses, according to a press release Monday July 8 .The company announced that their partnership will enable small businesses to obtain greater control over company spend an
gourde stanley d streamline expense management processes. By integrating Receipt Banks data extraction and collection automation technology, the firms can connect expense management capabilities to a corporate card solution for small firms.Their partnership also capitalizes on Capital on Taps integration with small business accounting platform Xero to seamlessly reconcile Receipt Bank transactions. That integration was announced in May and deploys Xeros API, with Capital on Tap card transactions automatically appearing within the Xero platform.According to Capital on Tap and Receipt Bank, their expense management solution aims to help small firms more easily comply with the U.K.s Making Tax Digital initiative that aims to strengthen accuracy of receipt tracking to
stanley cup ensure the correct VAT codes are applied to expenses.The Receipt Bank Card offers small business users access to reward points, no foreign exchange fees, and cash back
stanley uk opportunities. Small businesses can obtain a credit limit of up to $62,560 for their business expenses with up to 56 days without interest. This partnership is really exciting for Capital on Lmcg PwC Fined Record $6.5M For Auditing Misconduct
Funding Circle is getting closer to closing a major deal for its SME Income Fund, the U.K. alternative lending company said late last week.According to reports on Friday March 18 , the Funding Circle SME Income Fund is in the later stages of discussions with the European Investment Bank for financing, and while the c
stanley deutschland ompany was mum on the details, it did say it plans to finalize the plans by the middle of this year.Fun
stanley hrnek ding Circle was first rumored last July to be planning a float of its SME fund, which would mark the first time an alternative lender did such a thing. The firm said it looked to raise more than $200 million from the initiative.The company had already secured multimillion dollar deals with investors, including a $420 million
stanley termoska deal with Victory Park Capital in the U.S. and a $150 million fund by DST Global and other backers.Just before the start of the new year, the company announced that it had reached a new milestone in small business lending, having hit the 拢1 billion mark $1.45 billion since its launch in 2010. Over the last five years, the Funding Circle marketplace model has proved to be a more efficient way for businesses to access the finance they need to grow and expand, the companys U.K. managing director and cofounder, James Meekings, said to聽Financial Times last December.According to recent reports, the financing project with the European Investment Bank could hit Funding Circles total return target of 8鈥? percent a year, as established in its prosp
