BusinessStartupsTechnology

Allica Bank Expands into Embedded Finance with Kriya Acquisition

Allica Bank has acquired Kriya in a strategic move to enter the embedded finance market. The combined entity reportedly aims to advance £1 billion in working capital financing to UK small and medium businesses within three years while maintaining Kriya’s brand and leadership.

Strategic Acquisition Expands Embedded Finance Capabilities

Allica Bank has reportedly acquired Kriya in a strategic move to enter the embedded finance market, according to recent reports. Sources indicate the combined offering will provide flexible working capital and PayLater options specifically tailored for small and medium-sized businesses (SMBs) across the United Kingdom.

AutomotiveBusiness

Toyota South Africa Partners With Durban Auto Cluster to Launch 2025 SME Accelerator Programme

Toyota South Africa Motors has announced the 2025 Durban Automotive Cluster SME Accelerator, a public-private initiative aimed at developing black-owned small and medium enterprises. The programme seeks to strengthen the automotive supply chain by preparing emerging businesses as competitive Tier 2 and Tier 3 suppliers. Industry participation from established Tier 1 suppliers is considered critical to the programme’s success.

Programme Overview and Objectives

Toyota South Africa Motors (TSAM) has launched the 2025 Durban Automotive Cluster (DAC) Small and Medium Enterprise (SME) Accelerator, according to recent reports. Sources indicate this public-private partnership between the eThekwini municipality and the regional automotive cluster aims to strengthen South Africa’s automotive supply chain through targeted development of high-potential, black-owned SMEs.

BusinessMarketing

Small Business Marketing Confidence Plummets Amid AI Adoption Challenges

A startling new report reveals that fewer than 1 in 5 small business marketers feel very confident in their marketing effectiveness. This represents a significant drop from just a year ago, despite increased adoption of AI tools and marketing technology across the small business sector.

Marketing Confidence Crisis Hits Small Businesses

Small business marketers are experiencing a significant crisis of confidence in their marketing efforts, with only 18% reporting they feel “very confident” in their effectiveness, according to reports. This startling statistic from the 2025 State of Small Business Marketing report represents a steep decline from 27% just one year ago, indicating growing uncertainty among small business decision-makers.