12 August 2021

Citi launches digital platform for SME lending 

Written By FinTech Alliance in SME Finance

Citi launches digital platform for SME lending 

Citi is launching a digital platform to connect small and medium sized businesses with local lenders. 

In Brief:

The platform is called Bridge built by Citi and is being rolled out in the US. 

It connects SMEs looking for loans of up to $10mn. 

Lenders include regional, local and community banks. 

What does this mean?

Citi is now expanding its digital offering to support SMEs by offering them an easier experience, but at present the scheme is being piloted with 18 banks in the US. 

Read more here. 

Up Next ...
04 November 2024

Finance apps are in ‘need of improvement’, says a quarter of Brits

A recent survey by UK mobile specialists Apadmi reveals that ...

04 November 2024

Barclays acquires Tesco Bank

Barclays Bank UK PLC has completed the acquisition of Tesco ...

04 November 2024

fundcraft Increases Series A to €11 Million Demonstrating Strong Product-Market Fit

fundcraft has increased its Series A funding to €11 million, ...

01 November 2024

Mollie and Hyvä announce strategic partnership, launching Hyvä Commerce

Mollie, a leading financial service provider, has partnered with Hyvä, ...

More in SME Finance

Liberis raises £89mn debt from HSBC Innovation Banking, BCI Capital

08 December 2023

Embedded finance provider Liberis has secured £89mn in debt financing ...

Nucleus Commercial Finance secures £200m funding facility from NatWest

30 November 2023

UK SME lender Nucleus Commercial Finance has secured a funding ...

Trafalgar taps Thought Machine for core banking technology

24 November 2023

Mexican fintech start-up Trafalgar, which aims to provide financial services ...

Enfuce and Funding Circle partner to support SMEs

17 November 2023

Enfuce, the leading provider of embedded finance solutions today announces ...

Case Studies SME Finance

Financial inclusion For Europe’s SMEs - Building a Circle of Trust

05 September 2019

The unparalleled power of today’s technology confers a responsibility on all of us, across the...

Case Studies SME Finance

Finastra report: UK SME Opportunities for Challenger Banks

19 August 2019

Finastra has partnered with YouGov to produce a report on the needs of UK SMEs and explore the oppor...

There are no Events in this category