PYMNTS-MonitorEdge-May-2024

SMBs

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

PayMate Expands Into Indonesia With $400 Million DigiAsia Deal
PayMate Expands Into Indonesia With $400 Million DigiAsia Deal
September 24, 2024  |  Acquisitions

B2B payments firm PayMate says it plans to acquire Indonesian FinTech-as-a-Service (FaaS) company DigiAsia. The $400 million transaction, announced Tuesday (Sept. 24), will mark Mumbai-based PayMate’s launch in Indonesia, with...

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Amount Introduces Small Business Lending Suite
Amount Introduces Small Business Lending Suite
September 24, 2024  |  SMBs

Digital origination/decisioning company Amount has debuted a small-business-focused lending suite for banks and credit unions. The new SMB (small- to medium-sized business) Suite, announced Tuesday...

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B2B Marketplaces Cash in on Fast, Flexible and Future-Forward Payments
B2B Marketplaces Cash in on Fast, Flexible and Future-Forward Payments
September 24, 2024  |  B2B Payments

Online marketplaces are all about innovation. And in the B2B procurement space, that innovation is increasingly starting and ending with better and more seamless payments....

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Phacet Raises $4 Million to Bring AI Tools to Small Businesses
Phacet Raises $4 Million to Bring AI Tools to Small Businesses
September 23, 2024  |  Investments

Artificial intelligence (AI) startup Phacet has reportedly raised $4.4 million for its small business-based solutions. The seed funding round comes as the Paris-based company is working to...

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Discover Global Network: How Harnessing Transaction Data Unlocks Spend Management and Reduces Fraud for Businesses
Discover Global Network: How Harnessing Transaction Data Unlocks Spend Management and Reduces Fraud for Businesses
September 23, 2024  |  Data

Data is the fuel driving today’s world toward a more connected, digital tomorrow. The right data can be valuable to businesses interested in driving results...

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Update: UK Adoption of Embedded Lending Falls Short of Potential
Update: UK Adoption of Embedded Lending Falls Short of Potential
September 23, 2024  |  SMBs

Embedded lending promises convenient, streamlined access to financing within merchant and business platforms. This proves especially impactful for individuals and microbusinesses and small businesses (MSBs)...

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Alibaba Expands AI Offerings in Bid for Open Source
Alibaba Expands AI Offerings in Bid for Open Source
September 20, 2024  |  Artificial Intelligence

Alibaba’s release of over 100 open-source artificial intelligence models and text-to-video technology signals its growing focus on AI for digital commerce. The Chinese tech company’s...

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Big Tech’s AI Tools Are Helping Democratize Growth for Small Businesses
Big Tech’s AI Tools Are Helping Democratize Growth for Small Businesses
September 20, 2024  |  SMBs

Small- to medium-sized businesses (SMBs) face a unique set of challenges. These challenges, as sprawling as they are complex, are commonly ill-suited to be met...

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Small Businesses Will Benefit From Restrictions on Late Payments, UK Government Says
Small Businesses Will Benefit From Restrictions on Late Payments, UK Government Says
September 20, 2024  |  SMBs

The U.K. government aims to crack down on late payments, saying it will propose new laws and step up the enforcement of existing ones to...

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