Access to business financing is crucial for Main Street small and medium-sized businesses (SMBs). But while a significant share of these small businesses across all revenue tiers have access to business funding sources, about 30% of those with less than $150,000 in annual revenue have...
BILL has integrated its accounts payable (AP), accounts receivable (AR), and spend and expense management solutions into a single platform. The new BILL Financial Operations Platform allows small- to medium-sized businesses (SMBs) to optimize and manage their cash flow effectively, the provider of financial automation software for...
Main Street may be the soul of America, but its businesses find themselves increasingly embattled. That’s because small and medium-sized business (SMBs) looking for credit or working capital and other financing solutions are often underserved and ignored by traditional financial institutions (FIs). It is a...
Credit decisioning platform Uplinq has teamed with Visa to help small businesses access credit. The collaboration, announced Wednesday (Aug. 30), is designed to help lenders reduce risk while also giving American and Canadian small business owners access to fair credit. “Having fast access to working capital is important for businesses of...
U.S. Bank subsidiary Elavon has launched a next-generation model of its Android-based point-of-sale (POS) system called talech Terminal. The system aims to help small business owners streamline their operations and enhance customer payment experiences, the company said in a Wednesday (Aug. 30) press release. With various hardware options available, including...
Qarar, a leading data analytics and credit decisioning company in the Middle East, has partnered with Biz2X, a global FinTech technology and financing provider, to launch a cloud-based small- to medium-sized business (SMB) lending platform in Saudi Arabia. This strategic joint venture aims to revolutionize SMB...
Small- to medium-sized businesses are tough. “It’s a resilient sector made up of business segments that are seeing strong growth,” Hicham Oudghiri, co-founder and CEO of Enigma Technologies, told Karen Webster. That’s not to say there isn’t a raft of challenges confronting SMBs and the banks and...
Business is expanding, but at a torpid pace that signals some pressures for some of Main Street’s smaller firms. As detailed in the S&P Global Flash US Composite PMI (purchasing managers’ index), which is a preliminary estimate measuring manufacturing and services activities, stagnation, or near-stagnation, is...
Lightyear has unveiled small business investment accounts designed specifically for freelancers and sole directors in the United Kingdom. The investment platform aims to cater to the underserved market of small businesses, particularly those without employees, by providing them with access to investment opportunities and the ability...
