The Biden administration says it is releasing new funding to help underserved small businesses. The $50 million in funding, announced Tuesday (Nov. 21), comes from the American Rescue Plan and will go to programs in 20 different states via the State Small Business Credit Initiative’s (SSBCI) Technical Assistance Grant...
In the Latin America and Caribbean (LAC) region, 40% of mid-sized companies use various working capital solutions to support planned growth, driving the highest average score of all regions worldwide. That’s according to “The 2023-2024 Growth Corporates Working Capital Index: LAC Edition,” a PYMNTS Intelligence...
Funding Circle, a U.K. small business lending platform, has partnered with Enfuce, a provider of embedded finance solutions. This partnership aims to launch a small business credit card as part of Funding Circle’s FlexiPay product, which offers small businesses in the U.K. a revolving line of credit...
Small businesses are reportedly reducing their software spending, hurting the businesses that make that software. As CNBC reported Thursday (Nov. 16), companies such as HubSpot, Bill, Paycom and ZoomInfo have all recently cautioned investors of potential declines in revenue from the small- to medium-sized business (SMB) sector. That’s left Wall Street uneasy,...
A partnership of open banking network Plaid and embedded financing platform YouLend boosted the availability of capital to small- to medium-sized businesses (SMBs) in Europe. Together the two companies have delivered a financing process that is almost three times faster than that of traditional lenders...
Global financial technology platform Intuit has unveiled a range of new innovations that aim to empower accountants and small businesses through its QuickBooks online ecosystem. One of the major announcements at the company’s QuickBooks Connect conference was the introduction of QuickBooks Ledger, Intuit said in a Tuesday (Nov. 14)...
Whether it’s driving innovation or creating employment opportunities, small and medium-sized businesses (SMBs) play a vital role in the economy. However, one significant hurdle stands in their way — access to credit. SMBs are grappling with the challenge of securing the financing necessary to survive,...
Stockholm-based FinTech company Froda and Copenhagen-based Ageras are partnering to provide small- to medium-sized businesses (SMBs) across Europe with better access to financing. Through Froda Emedded, the companies aim to provide faster and more accessible financing, Froda said in a Tuesday (Nov. 7) press release on MyNewsDesk. The partnership between Froda...
Consumer financing company Synchrony launched a digital learning platform for small businesses. The Synchrony Small Business Learning Center aims to help the company’s small- to medium-sized business (SMB) partners and wellness providers enhance the ways in which they operate and grow their businesses, according to...
