Mastercard has partnered with Bizom, a retail intelligence platform, to provide a comprehensive digital supply chain financing solution to micro retailers and distributors in India. This collaboration aims to address the challenges faced by small retailers and distributors in the consumer packaged goods (CPG) industry, including supply...
Small- to medium-sized businesses (SMBs) on Main Street are finding a dearth of options when it comes to getting the money they need to stay in business. PYMNTS Intelligence found that more than half of SMBs — 53% to be exact — have “no current...
Access to business financing remains a significant challenge for small- to medium-sized businesses (SMBs), with many finding it increasingly difficult to secure traditional funding from banks. According to data from a recent study conducted by PYMNTS Intelligence and Cross River, the share of SMBs that...
Smaller firms feel the credit crunch — and are likely to pivot to new avenues of financing. PYMNTS Intelligence shows that six in 10 smaller firms are denied funding through traditional conduits: loans issued through financial institutions. In tandem with those denials, it turns out...
Access to business financing is crucial for small and medium-sized businesses (SMBs) on Main Street — firms generating less than $10 million in annual revenue and having physical locations from which they conduct their business within core commercial districts of cities or towns. But according...
Rising interest rates have reportedly helped fuel a spike in small business bankruptcies. As The Wall Street Journal (WSJ) reported Sunday (Oct. 1), the jump is being driven by filings under Subchapter V of the bankruptcy code, a relatively recent provision making it easier for...
Sage, a provider of accounting and financial technology, has partnered with Swoop, a FinTech company specializing in funding solutions, to provide business funding and cost-savings solutions. The partnership aims to provide small- to medium-sized businesses (SMBs) and their trusted advisors with easy access to a wide...
Small to midsized businesses (SMBs) on Main Street, U.S.A., view their payment processors favorably. With 85% of SMBs satisfied with their processor, those seeking to expand their client base must go above and beyond table stakes features and functionality to capture business from incumbents. In...
U.K. FinTech platform Apron is launching new small business products after raising $14 million. The Series A round, announced Thursday (Sept. 28), will help the London-based company create two products for small- to medium-sized businesses (SMBs) and their accountants, Apron founder and CEO Bogdan Uzbekov wrote on...
