With small businesses increasingly strapped for cash, Wyoming-based invoice and accounts receivable factoring company Factoring.io launched this weekend with the aim of filling the “invoice financing gap.” “Invoice factoring remains a popular form of alternative financing for small businesses in the United States,” the company...
Trade finance is a critical tool in supporting global trade for both buyers and sellers, particularly smaller businesses. Yet these financing products aren’t without their risks and drawbacks, and today, criticism continues to mount for certain invoice financing tactics in particular. High-profile corporate collapses and...
Innovation in accounts payable (AP) is now largely being driven not only by challenges in the way businesses make payments, but also by friction in the way their vendors and business partners receive them. In the shipping and logistics space, a market notorious for its...
The electronic logging device (ELD) is a niche, but potentially transformative, tool for the fleet industry. A piece of equipment that attaches to a vehicle engine, the ELD has long been an essential tool for fleet managers to electronically record a driver’s time on the...
June 07, 2018
The landscape in SMB lending is almost totally unrecognizable from what it was even a short five years ago, BlueVine Founder and CEO, Eyal Lifshitz, told Karen Webster shortly after his firm’s latest $60 million funding round was announced. Though today most businesses are both comfortable and familiar with borrowing from an online lender, that would have […]
November 22, 2022
Early payment solutions provider PayUp, a Rex company, has received a $5 million line of credit from private working capital finance company nFusion Capital and said this would allow it to factor $50 million in invoices. Both PayUp and nFusion Capital focus on small to medium-sized businesses (SMBs), and the new partnership will use PayUp’s tech-enabled early payment solution to […]
November 20, 2022
With small businesses increasingly strapped for cash, Wyoming-based invoice and accounts receivable factoring company Factoring.io launched this weekend with the aim of filling the “invoice financing gap.” “Invoice factoring remains...