Access to credit is a significant challenge for many small and midsized businesses (SMBs), leaving them vulnerable to closure. According to recent data, only 47% of SMBs generating annual revenues of $10 million or less had access to business or personal financing as of July...
Mastercard and EedenBull, a FinTech focused on digital payment management solutions, teamed up to introduce a card and spend management solution for small- to medium-sized businesses (SMBs) in the Asia-Pacific (APAC) region. The Q Business platform, a digital solution aimed at optimizing operational spend, will...
Intuit has added new eCommerce management features to its QuickBooks Online accounting software. These innovations aim to help small businesses manage their inventory across multiple sales channels from a centralized platform, the company said in a Wednesday (Nov. 1) press release. For product-based businesses, tracking inventory...
It is becoming more expensive and complex for companies to operate globally, and firms need better access to money to keep their businesses afloat. Inflation remains high and persistent worldwide, with a deeper impact on regions like Latin America and the Caribbean (LAC). Against this...
The past few years have been full of challenges for small- to medium-sized businesses (SMBs). “It is definitely a perfect storm, and not in a good way,” Anthony Peculic, head of BaaS and Card, FinTech Banking at Cross River, told PYMNTS. “Small businesses at this...
The world of payment processing plays a crucial role in the operations of small- to medium-sized businesses (SMBs). That payment processor landscape, particularly for Main Street SMBs, is “saturated but competitive,” Charles Zhu, vice president of product at Enigma, told PYMNTS. When discussing payment processors in the...
Uplinq Financial Technologies has partnered with Ernst & Young (EY) to introduce credit lending to small and medium-sized businesses (SMBs). Using advanced analytics and Uplinq’s decision-making modules, the integrated solution aims transform the lending landscape, the companies said in a Wednesday (Oct. 18) press release. Mario Schlener, EY partner...
The competition in the payment processor market is fierce because of the success of incumbent leaders, as the majority of Main Street small to midsized business (SMB) retailers are satisfied with their current processors. However, there are opportunities to make a mark with lower transaction...
European small business lender iwoca says it has raised $243 million in new funding. The financing, announced late Monday (Oct. 16), follows the $152 million the London-based company raised in January to meet a rising demand for working capital among small- to medium-sized businesses (SMBs). “We started iwoca...
