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

Zuora and Sovos Offer Automated eInvoicing Solution for Businesses
Zuora and Sovos Offer Automated eInvoicing Solution for Businesses
October 20, 2023  |  Commercial Payments

Zuora, a monetization suite for modern businesses, has partnered with Sovos, a global compliance technology solutions and services provider, to help global businesses meet eInvoicing...

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Business Lender iwoca Raises $243 Million to Fund Small Businesses
Business Lender iwoca Raises $243 Million to Fund Small Businesses
October 16, 2023  |  SMBs

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...

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Intuit Launches QuickBooks Bill Pay to Automate AP Process
Intuit Launches QuickBooks Bill Pay to Automate AP Process
October 16, 2023  |  Commercial Payments

Intuit, the financial technology platform, has announced the launch of QuickBooks Bill Pay, which aims to transform bill pay for businesses while delivering accounts payable...

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New York City Unveils AI Action Plan that Develops Rules Framework
New York City Unveils AI Action Plan that Develops Rules Framework
October 16, 2023  |  artificial intelligence

New York City Mayor Eric Adams and Chief Technology Officer Matthew Fraser announced Monday (Oct. 16) the release of the city’s new Artificial Intelligence (AI)...

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WooCommerce and Veem Partner to Expand Global Commercial Payments
WooCommerce and Veem Partner to Expand Global Commercial Payments
October 12, 2023  |  Commercial Payments

Open-source eCommerce platform WooCommerce has announced a partnership with Veem, a global payments provider, in a Thursday (Oct. 12) press release. This collaboration aims to...

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Mastercard and Bizom Partner on Supply Chain Financing in India
Mastercard and Bizom Partner on Supply Chain Financing in India
October 11, 2023  |  SMBs

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...

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kennek Raises $12.5 Million for B2B Lending Platform 
kennek Raises $12.5 Million for B2B Lending Platform 
October 10, 2023  |  Investments

London-based FinTech kennek has raised $12.5 million in a seed funding round to grow its operating system for lenders serving the private debt market.  The firm will...

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Cross-Border Payments Innovation: Pipe Dream or Right Around the Corner?
Cross-Border Payments Innovation: Pipe Dream or Right Around the Corner?
October 09, 2023  |  Cross-border Payments

When it comes to cross-border payments, patience is a virtue — but fees are a reality. That’s because moving money between nations has long been...

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Finance Sector Small Businesses Report Above-Average Closure Risks Due to Funding Constraints
Finance Sector Small Businesses Report Above-Average Closure Risks Due to Funding Constraints
October 05, 2023  |  SMBs

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...

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