PYMNTS-MonitorEdge-May-2024

small businesses

Small businesses are privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation.

Source: en.wikipedia.org

Xero and Flinks Partner to Enhance Banking Data Access 
Xero and Flinks Partner to Enhance Banking Data Access 
December 18, 2023  |  SMBs

Xero, a global small business platform, has partnered with Flinks, an open banking firm, to enhance banking data access for small businesses.  This collaboration aims to...

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Treyd Expands Inventory Financing Solution to Ireland 
Treyd Expands Inventory Financing Solution to Ireland 
December 18, 2023  |  B2B Payments

Swedish-based FinTech company Treyd has expanded its “sell first, pay suppliers later” service to Ireland.  “This marks a fantastic opportunity for Irish SMEs [small- to medium-sized enterprises]...

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Business Bankruptcies Jump as COVID Relief Ends
Business Bankruptcies Jump as COVID Relief Ends
December 18, 2023  |  Economy

The end of pandemic relief and steep interest rates have ramped up corporate bankruptcies. Business bankruptcy rates had been falling in the U.S. for a...

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Qogita Secures $87 Million to Grow Wholesale Procurement Platform 
Qogita Secures $87 Million to Grow Wholesale Procurement Platform 
December 15, 2023  |  Investments

London-based startup Qogita has reportedly secured 80 million euros ($87.3 million) in a Series B round for its wholesale procurement platform for small- to medium-sized businesses...

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A Third of Retail SMBs Don’t Use Credit for Working Capital but Want To
A Third of Retail SMBs Don’t Use Credit for Working Capital but Want To
December 08, 2023  |  SMBs

Small- to medium-sized businesses (SMBs) facing limited access to funding are turning to external sources to finance their operations. However, access to credit remains a...

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Mastercard Strive Awards $2 Million to SMB-Focused Organizations
Mastercard Strive Awards $2 Million to SMB-Focused Organizations
December 05, 2023  |  SMBs

Mastercard’s Strive fund has awarded nearly $2 million in grants to organizations that support small businesses.  The Strive Innovation Fund will support 11 organizations around the...

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Triver Nets $25 Million Debt Facility for Working Capital Solutions 
Triver Nets $25 Million Debt Facility for Working Capital Solutions 
November 21, 2023  |  SMBs

Triver, a working capital provider for small- to medium-sized businesses (SMBs) in the United Kingdom, has secured an additional 20 million pounds (about $25 million)...

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White House Gives $50 Million to ‘Underserved’ Small Businesses
White House Gives $50 Million to ‘Underserved’ Small Businesses
November 21, 2023  |  SMBs

The Biden administration says it is releasing new funding to help underserved small businesses. The $50 million in funding, announced Tuesday (Nov. 21), comes from the American Rescue Plan...

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Small Business-Focused Software Firms Warn of Dwindling Revenue
Small Business-Focused Software Firms Warn of Dwindling Revenue
November 16, 2023  |  SMBs

Small businesses are reportedly reducing their software spending, hurting the businesses that make that software. As CNBC reported Thursday (Nov. 16), companies such as HubSpot, Bill, Paycom and ZoomInfo have all recently...

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