PYMNTS-MonitorEdge-May-2024

SMB lending

ForwardLine Financial Raises $20M
ForwardLine Financial Raises $20M
September 30, 2019  |  B2B Payments

California-based ForwardLine Financial announced that it has raised $20 million in growth capital, led by Five Oceans Capital and Marsico Enterprises. Launched in 2003 and led...

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Funding Circle Delays Canada Launch In Gloomy Forecast
Funding Circle Delays Canada Launch In Gloomy Forecast
July 05, 2019  |  B2B Payments

Funding Circle has reportedly cut its 2019 revenue expectations by half as it tightens small business (SMB) lending standards, reports in Reuters said this week,...

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Fundation Pulls Community Bank Into FinTech Collaboration
Fundation Pulls Community Bank Into FinTech Collaboration
July 03, 2019  |  B2B Payments

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning...

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PayNet Automates SMB-To-Lender Data Sharing
PayNet Automates SMB-To-Lender Data Sharing
July 01, 2019  |  B2B Payments

Credit and data analytics firm PayNet is launching an automated reporting solution for lenders to more seamlessly collect and analyze financial information on small business...

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Funding Lands T&E Firm TripActions $4B Valuation
Funding Lands T&E Firm TripActions $4B Valuation
June 28, 2019  |  B2B Payments

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its...

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US Rep Calls For Action On Predatory SMB Lending
US Rep Calls For Action On Predatory SMB Lending
June 28, 2019  |  B2B Payments

U.S. Representative Nydia Velázquez (D-NY) is calling on lawmakers to address predatory lending to small businesses (SMBs), The Washington Post reported on Thursday (June 27)....

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NY At Key Point In SMB Borrower Protection Fight
NY At Key Point In SMB Borrower Protection Fight
June 18, 2019  |  B2B Payments

The New York state legislature will rule this week whether to move forward with a borrower protections bill for small businesses (SMBs), as allegations of...

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How Banks Balance New SMB Tech (Without Nixing The Old)
How Banks Balance New SMB Tech (Without Nixing The Old)
June 11, 2019  |  B2B Payments

The U.S. banking industry is an ever-evolving machine, shaped and disrupted by FinTech, regulation and shifting customer expectations. Until recently, these changes rarely impacted the...

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FSB Says Higher Bank Capital Requirements Will Remain
FSB Says Higher Bank Capital Requirements Will Remain
June 07, 2019  |  Regulation

Europe’s Financial Stability Board (FSB) said on Friday (June 7) that higher bank capital requirements, which were put on the books during the financial crisis,...

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