06 January 2022

Virgin Money partners with Expend 

Written By FinTech Alliance

Virgin Money partners with Expend 

UK bank Virgin Money has announced a FinTech partnership with Expand, an expense management tool. 

In Brief:

Virgin Money is adding an expense management offering to its business banking service. 

Expend enables SMEs and employees to submit and manage expenses more efficiently. 

This will become part of a digital-first proposition for SMEs by Virgin Money.

What does this mean?

Expend launched in 2015 and has grown to 20 staff, aiming to be a scalable platform with various features for businesses at any stage of their journey. 

More and more tools are cropping up for SMEs, which have been particularly underserved in recent years and need more support than ever to manage their cashflow amid the global pandemic.

Now, banks like Virgin Money are seeking to add services from FinTechs to their SME customers in order to compete with FinTechs and potentially “re-bundle” the many separate tools out there which can cause a headache for business owners. 

Read more here. 

Up Next ...
20 January 2022

Spendesk is now a unicorn 

Spendesk, a spend management FinTech, has reached a valuation of ...

20 January 2022

Zopa reaches £1bn in customer savings 

Peer to peer lending platform Zopa has attracted a total ...

20 January 2022

SEON is the fastest growing fraud prevention company in the world 

Hungary-founded fraud prevention business, SEON, has been named the fastest ...

19 January 2022

Press Release: FinTech Alliance announces third annual investment series, with a UK-wide focus

London, UK, 19th January 2022 – FinTech Alliance has announced ...

More in SME

French FinTech Qonto valued at $4.98bn 

14 January 2022

Qonto, A French FinTech that offers banking for SMEs, has ...

FinTech Scotland sees 27% increase in FinTech enterprises 

10 January 2022

Scotland has seen significant growth in its FinTech ecosystem, reflected ...

Rapyd buys Neat, eyes Asian expansion 

13 December 2021

Rapyd, a payments focused FinTech, is buying Neat which focuses ...

Flux enables easy cashback offerings for small businesses 

26 November 2021

Flux, a digital receipts FinTech, has announced new capabilities it ...

White Papers SME

Infographic: The global growth of small businesses

27 October 2021

There isn’t a single part of the world that hasn’t been affected by Covid-19

White Papers SME

Big Opportunity in Small Business Payments - Now Is the Time to Capitalize on SMEs’ Cross-Border Payments

05 May 2021

Small and medium-sized enterprises are a dynamic force in the global economy today and a growing sou...

Articles SME

State of the Nation - SMEs in MENA Report 2019

27 November 2019

Starting a business is no small undertaking. It can be exciting, challenging and ultimately rewardin...

Videos SME

How Fintech Can Push Small Businesses to the Next Level

21 April 2019

Karen Mills, former director at Small Business Administration, discusses the influence of smaller fi...

There are no Events in this category