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

Small Businesses Look for New Options as Traditional Funding Shrinks
Small Businesses Look for New Options as Traditional Funding Shrinks
October 05, 2023  |  SMBs

Smaller firms feel the credit crunch — and are likely to pivot to new avenues of financing. PYMNTS Intelligence shows that six in 10 smaller...

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Small Business Bankruptcies Jump as Capital Grows Scarce
Small Business Bankruptcies Jump as Capital Grows Scarce
October 02, 2023  |  SMBs

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...

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EU Retailers Push Back Against 30-Day Payment Rule
EU Retailers Push Back Against 30-Day Payment Rule
October 01, 2023  |  Commercial Payments

European retailers are concerned about new rules requiring businesses to be paid within 30 days. As the Financial Times reported Sunday (Oct. 1), retailers say the...

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Sage and Swoop Partner to Help Small Businesses Access Funding
Sage and Swoop Partner to Help Small Businesses Access Funding
September 29, 2023  |  SMBs

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....

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Apron Raises $14 Million to Expand Business Payments Platform
Apron Raises $14 Million to Expand Business Payments Platform
September 28, 2023  |  SMBs

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...

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American Express Adds External Accounts Integration to Digital Cash Flow Management Hub
American Express Adds External Accounts Integration to Digital Cash Flow Management Hub
September 26, 2023  |  Spend Management

American Express has added external accounts integration to its digital cash flow management hub, American Express Business Blueprint. This is one of several new updates and enhancements...

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Paygeon Launches AI-Powered Financial Platform for SMBs
Paygeon Launches AI-Powered Financial Platform for SMBs
September 26, 2023  |  B2B Payments

Paygeon has unveiled its new artificial intelligence (AI)-powered financial platform designed for small businesses and startups. This solution seeks to help companies navigate the digital financial...

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Cross-Border Payments Innovation Key to SMB Growth
Cross-Border Payments Innovation Key to SMB Growth
September 19, 2023  |  Cross-border Payments

Industries are defined by what customers do, not what companies produce. And if something doesn’t scale up across a global audience, then it isn’t worth much.  That’s...

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Owners Bank Unveils Credit Card for Small Businesses
Owners Bank Unveils Credit Card for Small Businesses
September 08, 2023  |  SMBs

Owners Bank, a new digital bank created to cater to the needs of small business owners, has launched a business credit card. This product aims...

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