SME Bank, the neobank startup that offers banking and financial services specifically for small- and medium-sized enterprises, is announcing today the addition of SEPA Instant Credit Transfers as well as becoming a member of SWIFT – a vast messaging network used by banks and other financial institutions around the world. The increased scope of service means that SME Bank will better address the needs of its customers, already numbered at almost 700 EU businesses.
SME Bank, the bank making life simpler for small- and medium-sized enterprises, has partnered with next-generation payment infrastructure provider kevin. to create an easy-access one-stop-shop for e-commerce business owners seeking a range of online payment capabilities for customers, with payments into a single business account, combined with collateral-free growth financing.
SME Bank has received an EIF guarantee up to EUR 100 million in new lending, opening up wider access to finance for SMEs In order to give small and medium-sized enterprises (SMEs) more opportunities to grow, the Lithuanian neobank SME Bank has signed a guarantee agreement with the European Investment Fund (EIF) regarding financing of Lithuanian SMEs. The guarantee agreement on a EUR 100 million portfolio will enable at least 500 SMEs in Lithuania to obtain better credit conditions and expand faster
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