FinTech BankiFi has partnered with financier Praetura to develop a lending-as-a-service solution for small to medium-sized enterprises (SMEs) in the U.K. The platform is specifically designed to help SMEs access growth funding, even if they do not meet the requirements of traditional banks, according to a Wednesday (Feb....
Genesis Bank and Fiserv have formed a new partnership aimed at supporting small businesses in low-to-moderate income (LMI) neighborhoods. The collaboration seeks to build economic empowerment and create a positive impact in local communities by providing customized access to Clover from Fiserv, the company said in a Tuesday (Feb. 20) news...
Risk management platform provider Coris has raised $3.7 million in its first funding round. The company has also introduced two new products — a fraud model and a know-your-business (KYB) offering — that it will offer alongside its centralized risk management platform, Coris said in a Thursday...
Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs have used at least one type of borrowing tool in the past year. Approximately three-fourths of SMBs are using revolving...
Canadian FinTech company Nuvei launched its first integration into Microsoft Dynamics 365 Business Central. The integration will enable small- to medium-sized businesses (SMBs) to incorporate various payment methods into their existing enterprise resource planning (ERP) modules, the companies said in a Tuesday (Jan. 30) press...
Small- to medium-sized businesses (SMBs) are increasingly facing challenges in accessing the credit they need to run and grow their operations. As rising costs and inflation take a toll, many are turning to external financing options. However, despite the availability of various financing options, a...
Nav has launched a “next best option” service for small businesses that have been rejected for a credit card or loan. A new addition to Nav’s financial health platform for small businesses, this service aims to provide transparency and guidance for these small businesses that are...
Small- to medium-sized businesses (SMBs) are, by definition, firms with the most potential to grow. But, somewhat counterintuitively, SMBs also represent a category most likely to suffer from a lack of financial inclusion within the broader landscape. This leaves them shut out from the lending,...
For small businesses with limited geographic presence, the online channel constitutes an opportunity to expand their customer base and drive sales growth. At the same time, however, there are challenges. Beyond the necessary resources and capabilities to operate an online business, security and marketing are...
