Smaller grocers are again caught between consumers and prices as major brands pass on their commodities costs. Shoppers globally are expected to pay even more for branded food items in the coming year as packaged goods production expenses remain high, Reuters reported Wednesday (Feb. 8)....
These are tough times for small businesses. Enigma Technologies Chief Operating Officer and Chief Product Officer Scott Steinberg told PYMNTS that economic uncertainty is not only making capital harder to come by for small- to medium-sized businesses (SMBs), but also more expensive. “Interest rates are...
In an area once dominated by banks, EMEA FinTechs are now major SMB lenders. Across Europe, Middle East and Africa (EMEA) region, a generation of FinTech lenders are shaking up the way small and medium-sized businesses (SMBs) access finance. And if recent events are anything...
Open banking can help small and medium-sized businesses (SMBs) in more ways than one. In fact, from payment gateways to automatic invoicing software, a variety of Europe-based startups are using the technology to better cater to the needs of the SMB market. Payments Automation Managing...
Even small changes may reap cost-cutting rewards for small businesses seeking to weather 2023’s projected rocky road. Economic news over the past few days has felt grim. Grocers are seeing even their higher-income customers buy less, and interest rate hikes are influencing the shopping behaviors...
Embedded lending firm iwoca has raised new finance to meet a rising level of demand. The firm has increased its funding line from £125 million ($153 million) to £170 million ($208 million) with Pollen Street Capital. It’s also increasing funding lines with other existing lenders,...
Small businesses have traditionally struggled to access the same trade finance as their larger peers. In an interview with PYMNTS, Sandra Nolasco, CEO at Madrid-based trade finance platform Twinco Capital, said that the problem boils down to the way traditional lenders assess creditworthiness. According to...
Comerica Bank has launched a co-op to help its small business clients expand and prosper. “The backbone of our economy, small businesses account for 99.9% of all U.S. and 99.8% of all Texas businesses,” the Dallas-based bank said in a news release Thursday (Jan. 26)....
Mercado Labs has launched an import management system tailored to small and medium-sized businesses (SMBs). The new Mercado Lite enables SMBs to digitally manage purchase orders, at a monthly cost that is lower than that of the medium and enterprise tiers of the company’s import...
