J.P. Morgan Chase has rolled out a new program to help Black, Hispanic and Latino-owned businesses get capital, a press release says. Called the Diverse Supplier Grant Initiative, it will aim to correct the issue of small and minority-owned businesses finding it hard to meet...
Main Street small and medium-sized businesses (SMBs) believe inflation and COVID-19-related issues are their most pressing challenges, according to the Main Street Economic Health Survey, a PYMNTS and Melio collaboration that polled 532 U.S. SMBs. Get the report: Main Street Economic Health Survey These businesses...
Automation and artificial intelligence (AI) have transformed the way businesses operate, serve customers, market products and even conduct research, resulting in increased productivity and improved efficiency, as well as significant bottom-line growth. But for the small- to medium-sized enterprise (SME) segment, Ivan Maryasin, co-founder and...
Main Street U.S.A. business owners have endured two years of false starts and lost sales due to the pandemic, but many are optimistic about putting it behind them. Fifty-six percent say revenues will increase in 2022, a notable improvement from the 45% reporting yearly revenue...
Contabilizei, the Brazilian back-office accounting services firm for small- and medium-sized businesses (SMBs), has raised $60 million in a Series C financing, Bloomberg reported Thursday (March 10). The funding round was led by Japan’s SoftBank with contributions from Goldman Sachs and Pruven Capital. This latest financing will be used to...
Guardedly optimistic describes the mood on Main Street with the second quarter closing in, as businesses see a year of cash flow struggles ahead and inflation pushing the pandemic off its perch as their big worry. What’s clear from new data is that small- to...
Chicago Federal Reserve President Charles Evans on Friday (March 4) told CNBC that small businesses will likely take the brunt of ongoing inflation and higher wages. CNBC interviewed Evans shortly after the U.S. Bureau of Labor Statistics said the country added 678,000 nonfarm jobs in...
Tencent Holdings Ltd, the China-based global technology and entertainment conglomerate, plans to reduce transaction fees for small- to medium-sized businesses (SMBs) using the WeChat payments network, Reuters reported. The 10% price drop is expected to be retroactive from Sept. 1 of last year through Sept....
Through the pandemic, the perspective of many small- to medium-sized business (SMB) owners changed. Many smaller firms may have kept their roots in brick-and-mortar operations — and then moved online. Robert Clarkson, chief revenue officer at Payoneer, told PYMNTS’ Karen Webster there’s been a shift...
