Qarar, a leading data analytics and credit decisioning company in the Middle East, has partnered with Biz2X, a global FinTech technology and financing provider, to launch a cloud-based small- to medium-sized business (SMB) lending platform in Saudi Arabia. This strategic joint venture aims to revolutionize SMB...
Small- to medium-sized businesses are tough. “It’s a resilient sector made up of business segments that are seeing strong growth,” Hicham Oudghiri, co-founder and CEO of Enigma Technologies, told Karen Webster. That’s not to say there isn’t a raft of challenges confronting SMBs and the banks and...
Business is expanding, but at a torpid pace that signals some pressures for some of Main Street’s smaller firms. As detailed in the S&P Global Flash US Composite PMI (purchasing managers’ index), which is a preliminary estimate measuring manufacturing and services activities, stagnation, or near-stagnation, is...
Lightyear has unveiled small business investment accounts designed specifically for freelancers and sole directors in the United Kingdom. The investment platform aims to cater to the underserved market of small businesses, particularly those without employees, by providing them with access to investment opportunities and the ability...
Slow payments are a perennial problem for the construction industry. PYMNTS research found that delayed transactions (those in which firms wait more than 90 days to receive payments) represented 12% of construction costs last year. While this circumstance is a challenge for firms of any size, large...
Across the United States, ongoing fears that the economy may still be running too hot remain elevated, with most Main Street small- to medium-sized businesses (SMBs) fearing the worst. The “Main Street Health Q1 2023: Using Finance to Ease Recession Fears” report by PYMNTS sheds light...
Supply chain network Infor Nexus and DBS Bank have joined forces to launch a new pre-shipment financing solution for small- to medium-sized businesses (SMBs) in India that are in the Infor Nexus supply chain ecosystem. This solution uses historical data from the Infor Nexus platform...
Across the United States, the startup community is still reeling after Silicon Valley Bank’s collapse, the largest bank failure since the 2008 financial crisis, and Main Street businesses are no exception. In the “Main Street Health Q1 2023: Using Finance to Ease Recession Fears” report...
One of the best ways to grow is to find a new channel. And targeting small- to medium-sized businesses (SMBs) is emerging as one of the most attractive strategic growth drivers for businesses looking to add a little oomph to their approach. Peloton announced Thursday (Aug....
