There’s a data gap that exists for small businesses — a lack of information about them that makes banks shy away from extending credit or spurs FinTechs to “offload” them from their platforms mere months after they’ve been onboarded. For the businesses and banks that...
Spendesk launched a procure-to-pay solution designed alongside the company’s existing spend management platform. The resulting fully integrated procurement and spend management tool is designed for European small– to medium-sized businesses (SMBs) of up to 1,000 employees, the company said in a Tuesday (Oct. 22) press...
HoneyBook launched an expanded suite of financial tools that can be integrated into its client relationship management (CRM) platform for independent businesses. The new HoneyBook Finance includes the HoneyBook business checking account, the HoneyBook Visa business debit card, payments, and cash flow management and savings...
For businesses, cash is king. But a new threat, that of operational uncertainty and back-office opacity, is prowling around the kingdom’s perimeter. “Small businesses, fundamentally, just want control of their business,” Eliot Buchanan, president of Priority Tech Ventures, told PYMNTS. “Having control over your business...
If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source of truth, a worldwide registry and roster of small business information, some of it self-supplied, that offers a real-time and...
The small businesses that are the backbone of each community across the United States are, collectively, the mainstay of everyday life. They employ millions who power spending and the economy. Yet these small businesses and even micro businesses have had their share of challenges, especially...
The White House says it has made it easier for small businesses to refinance debt. The Small Business Administration (SBA) announced a rule change Tuesday (Oct. 1) to its 504 Loan Program, which offers long-term, fixed rate financing for real estate and equipment with SBA-backed capital. “Coupled with...
Small businesses have a big problem: access to capital. And this big problem is an equally big opportunity for the lenders that can get it right. But for decades, banks and credit unions, often entrenched in legacy systems, have struggled to provide the seamless, efficient...
Embedded lending is growing in popularity around the world. It promises convenient, streamlined access to financing for specific expenses from within merchant, business and other platforms. This proves impactful for individuals and microbusinesses and small businesses (MSBs) that want to align their cash flow and...
