Swedish FinTech Froda has launched a card-based embedded lending solution in Denmark. Developed in partnership with digital challenger bank Lunar and Visa, this offering was successfully tested in Denmark during the spring and became available to all Lunar customers in the country Tuesday (June 20), Froda said in a Tuesday press release....
Small businesses in Times Square are reportedly struggling in the post-pandemic environment. While crowds have returned to the New York City neighborhood, they are smaller than they were before the pandemic, and they include a notable reduction in the numbers of office workers and tourists, The Wall...
Financial services platform Stripe has unveiled a new charge program for its commercial card-issuing product. “Whether a small business is just starting out or looking to expand, access to capital can make all the difference,” Denise Ho, head of product for Stripe’s Banking-as-a-Service (BaaS) business, said in a news release...
Small businesses are the backbone of the economy, providing jobs and driving innovation. Hicham Oudghiri, CEO of Enigma Technologies, told Karen Webster, with a nod to the fact that the last few years have been anything but business as usual: “Small businesses tend to hold...
Consumer confidence continues to wane. And in May, it’s a less-sanguine view of the labor market that has households feeling a bit less cheerful about their prospects, which may signal some trouble ahead for Main Street businesses. The latest data from The Conference Board shows that the Consumer Confidence...
The old adage is that the best time to get credit … is when you don’t need credit. That’s because when a firm’s coffers are running low, when cash flow is an issue, and working capital remains a lifeline — i.e., the need for credit...
Many Main Street small businesses are operating on the brink without adequate capital to survive a downturn, making access to finance a critical consideration in 2023. This is analyzed in the study Main Street Health Q1 2023, a PYMNTS and Enigma collaboration, based on survey responses from more...
PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus on. David Metz, CEO of Prizeout, says businesses need to look to fellow businesses for opportunities as funding sources grow...
Data from the Federal Reserve and the Census Bureau hint at a looming crunch on Main Street. Specifically: The businesses that power the economy are finding it harder to get the credit they need to grow, or even stay in business. And there are fewer...
