Latest news with #growthcapital
Entrepreneur
20-05-2025
- Business
- Entrepreneur
PNB Launches Monthly MSME Outreach Programme to Empower Small Businesses Nationwide
From instant digital loan approvals to export-oriented financial support, the programme is structured to provide end-to-end assistance for enterprises seeking growth capital You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Punjab National Bank (PNB), one of India's foremost public sector lenders, has rolled out a major initiative aimed at empowering Micro, Small, and Medium Enterprises (MSMEs) with tailored financial solutions. The Monthly MSME Outreach Programme, launched nationwide on Tuesday, seeks to enhance accessibility to credit and streamline the lending process for businesses across the country. The initiative, according to a press release issued by PNB, offers a unified platform of financial products specifically designed to meet the evolving needs of MSMEs. From instant digital loan approvals to export-oriented financial support, the programme is structured to provide end-to-end assistance for enterprises seeking growth capital. Among the flagship offerings are PNB GST Express, which enables quick eligibility checks and in-principle sanctions based on cash flow; PNB Trade Growth, which provides collateral-free financial assistance to traders with minimal documentation; and Digi MSME Loans, offering on-the-spot offer letters at dedicated digital zones set up at outreach events. Export-focused MSMEs can access funding through the PNB Export Express scheme, with loan amounts ranging from INR 10 lakh to INR 50 crore. The programme also facilitates access to government-backed financial schemes such as PM Vishwakarma, PM SVANidhi, and Mudra loans. Notably, these services are also available via PNB's digital platforms, eliminating the need for branch visits and offering convenience to micro entrepreneurs and small business owners. Ashok Chandra, managing director & CEO, PNB, emphasized the critical role MSMEs play in the Indian economy. "Micro, Small and Medium Enterprises play a crucial role in our country's economic development, contributing significantly to employment generation, industrial output, and exports. Our Monthly MSME Outreach Programme aims to bridge the gap between MSMEs and formal banking systems, making financial services more accessible at the grassroots level," he said. By integrating technology with customer-centric service delivery, PNB aims to democratize access to finance, particularly in underserved regions. The outreach events, held nationwide, provide MSME customers with real-time consultations, simplified application processes, and immediate feedback on loan eligibility. Customers can visit a PNB branch, use the PNB mobile app, or reach out through the bank's dedicated helplines to explore the new range of services under the outreach programme.
National Post
15-05-2025
- Business
- National Post
CIBC Innovation Banking Provides ContactMonkey with Growth Capital Financing
Article content TORONTO — CIBC Innovation Banking announced today that it has provided growth capital financing to ContactMonkey, a portfolio company of Updata Partners. The company will use the financing to continue growing its reach globally and expand product offerings to new and existing customers around the world. Article content Article content ContactMonkey is an internal email platform used by over 10,000 communicators worldwide. The platform integrates with commonly used applications such as Microsoft Outlook, Microsoft Teams and major human resource information software (HRIS) platforms, helping users engage employees across their organization. Article content 'We are excited to partner with the CIBC Innovation Banking team to support our next phase of growth,' said David Dean, CFO at ContactMonkey. 'This agreement provides us added flexibility and opportunity as we continue to enable more organizations to deliver engaging and effective communications worldwide.' Article content 'We are excited to support the ContactMonkey team as it continues its growth and leadership within the internal communications space,' said Ab Makalo, Director, CIBC Innovation Banking. 'Our team looks forward to helping ContactMonkey scale as it expands its robust offering globally.' Article content CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. Article content ContactMonkey is the internal email platform trusted by over 10,000 internal communicators worldwide. Reach employees at every corner of your organization, ensuring that essential company announcements, life-saving alerts, and critical updates are delivered promptly. With data-driven insights, understand what truly resonates with your employees, and refine your communication strategies for optimal engagement. Article content Article content Article content Article content Article content Article content
National Post
13-05-2025
- Business
- National Post
Denali Growth Partners Raises $400 Million for Second Growth Equity Fund
Article content Article content BOSTON — Denali Growth Partners ('DGP') announced the final close of Denali Growth Partners Fund II ('Fund II') at $400 million in total limited partner capital commitments. Fund II exceeded its $350 million target, backed by strong demand from both existing and new investors. Article content Fund II builds on the success of DGP's debut fund, a $200 million-plus growth equity fund raised in 2021, and advances the firm's strategy of investing in growing, capital-efficient, and profitable companies led by exceptional entrepreneurs. The firm focuses on sectors where its domain expertise aligns with real-world business performance. Such sectors include healthcare, life sciences, professional services, technology-enabled platforms and services, and software. Article content 'DGP was founded to bring founder-aligned growth capital to companies doing extraordinary things, often outside the limelight,' said Jesse Lane, Founder and Managing Partner of DGP. 'We are incredibly grateful for the trust and support from our limited partners. Their collective conviction in our approach, and in the entrepreneurs we back, has been foundational to everything we do.' Article content Fund II attracted a highly respected group of institutional investors, including pension plans, insurance companies, family offices, funds of funds, foundations, endowments, and asset managers. Article content To date, DGP has invested in 11 platform companies that collectively generate over $900 million in revenue, produce more than $100 million in EBITDA, and employ more than 3,000 individuals. Article content Fund II provides DGP with additional capital to continue its mission of supporting exceptional founders building enduring, capital-efficient, and high-growth businesses. Article content Article content Article content Article content Article content Article content
Associated Press
08-05-2025
- Business
- Associated Press
BridgeCap Financial Launches Business Expansion Funding Program
New Initiative Provides Growth Capital When Traditional Sources Fall Short MIAMI, FL / ACCESS Newswire / May 8, 2025 / BridgeCap Financial has introduced its Business Expansion Funding Program, designed specifically to provide growth capital for companies pursuing strategic expansion opportunities that fall outside traditional lending parameters. The program addresses a significant market gap, offering tailored financing solutions for businesses seeking to open new locations, enter new markets, or expand operational capacity when conventional funding sources prove inadequate. This initiative has contributed to BridgeCap's deployment of $150 million in capital this year. 'Business expansion represents both opportunity and challenge - particularly on the funding front,' said Reuven Harris, Chief Operating Officer at BridgeCap Financial. 'Our expansion program provides the capital necessary to pursue growth opportunities without the constraints typically imposed by traditional lenders.' BridgeCap's expansion funding solutions feature rapid approval processes, flexible use of funds, customized repayment terms, and loan structures specifically designed to support growth phases. The program evaluates expansion potential rather than focusing exclusively on historical performance, enabling funding approvals that conventional lenders might decline. The company's expansion program has already supported numerous businesses in pursuing strategic growth initiatives across various industries throughout the United States and Canada. These success stories include retail chain expansions, manufacturing capacity increases, and market territory expansions that have significantly enhanced client business performance. For more information about BridgeCap Financial and its financing solutions, call 1-855-648-5914 or email [email protected]. Media Contact: Reuven Harris [email protected] 1-855-648-5914 SOURCE: BridgeCap Financial press release
