Banks’ pullback on small business lending is creating an opportunity for FinTechs to step in. In data released on Tuesday (Jan. 10), small business financing firm Biz2Credit noted that there’s been little to no growth in lending to small- to medium-sized businesses (SMBs). As for the...
Although the COVID era continues to have an outsized impact on small businesses, frontline lending experts say SMBs have recently begun to catch a break when it comes to getting loans through FinTechs and other non-bank lenders. Ken So, founder and CEO of Flowcast, told...
Artificial intelligence (AI) credit risk model provider Flowcast has unveiled the Tillful platform that provides quick, complimentary and transparent credit scores in addition to access to credit offers, according to a Wednesday (Oct. 14) announcement. Tillful harnesses the firm’s unique, patent-pending machine learning (ML) offering...
Business intelligence company CubeLogic has announced its support for Trade Credit Insurance as part of an overall risk mitigation strategy. The company recently reported news it had rolled out the latest version of its RiskCubed platform, version 6.0. RiskCubed supports Trade Credit Insurance, a tool CubeLogic...
January 10, 2023
Banks’ pullback on small business lending is creating an opportunity for FinTechs to step in. In data released on Tuesday (Jan. 10), small business financing firm Biz2Credit noted that there’s been little to no growth in lending to small- to medium-sized businesses (SMBs). As for the big banks, small business loan approval percentages fell from 14.6% […]
