Fundica, a North American funding search engine, has teamed up with Visa to help traditionally underserved small business communities access additional sources of working capital. Together, Fundica and Visa aim to democratize access to government funding, the companies said in a Monday (March 4) press release. ...
Business finance platform multifi has launched 120-day payment terms available to small and medium-sized businesses (SMBs) in the United Kingdom. The official launch of this offering follows a broker pilot program, the company said in a Thursday (Feb. 29) press release emailed to PYMNTS. “We are thrilled...
While traditional financial institutions (FIs) have historically dominated the industry, credit unions (CUs) have carved out a unique niche, serving the needs of their members with personalized care and a focus on mutual benefit. However, faced with the dual challenges of technological disruption and shifting...
Ed O’Donnell, CEO of Versatile Credit, said that embedded finance can — and already is — transforming smaller businesses’ competitive dynamics. “Technology’s been the great equalizer,” he said, “for small- and medium-sized businesses (SMBs) and also the enterprise clients that we deal with.” Generally speaking,...
The COVID-19 pandemic has accelerated the shift to an eCommerce economy, with historically high sales in 2020 and 2021. As a result, most Main Street small- to medium-sized businesses (SMBs) in the United States now recognize the importance of eCommerce for their business growth and...
In contrast to typical business loans or personal sources of financing, business cards offer multiple benefits for small- to medium-sized businesses (SMBs). These benefits include easier qualification than bank loans, higher credit limits and other various perks. According to a recent poll, more than 9...
For the merchants doing business online, serving consumers and even buying goods and services from one another, working capital is a lifeline. Working capital provides the ready cash needed to buy inventory, pay staff and take advantage of growth opportunities. A number of eCommerce platforms...
The right borrowing tools can have a big impact on small businesses’ future growth prospects. That’s because small and medium-sized businesses (SMBs) commonly face a number of challenges related to their cash availability, including limited capital, seasonal fluctuations and the need for expansion or investment...
Intuit has unveiled a new financial tool called QuickBooks Solopreneur, tailored specifically for one-person businesses. This product offers intuitive features to help these entrepreneurs manage their finances, set goals and stay tax-ready, the global financial technology platform said in a Wednesday (Feb. 21) press release. “QuickBooks Solopreneur is...
