Contabilizei, the Brazilian back-office accounting services firm for small- and medium-sized businesses (SMBs), has raised $60 million in a Series C financing, Bloomberg reported Thursday (March 10). The funding round was led by Japan’s SoftBank with contributions from Goldman Sachs and Pruven Capital. This latest financing will be used to...
Guardedly optimistic describes the mood on Main Street with the second quarter closing in, as businesses see a year of cash flow struggles ahead and inflation pushing the pandemic off its perch as their big worry. What’s clear from new data is that small- to...
Chicago Federal Reserve President Charles Evans on Friday (March 4) told CNBC that small businesses will likely take the brunt of ongoing inflation and higher wages. CNBC interviewed Evans shortly after the U.S. Bureau of Labor Statistics said the country added 678,000 nonfarm jobs in...
Tencent Holdings Ltd, the China-based global technology and entertainment conglomerate, plans to reduce transaction fees for small- to medium-sized businesses (SMBs) using the WeChat payments network, Reuters reported. The 10% price drop is expected to be retroactive from Sept. 1 of last year through Sept....
Through the pandemic, the perspective of many small- to medium-sized business (SMB) owners changed. Many smaller firms may have kept their roots in brick-and-mortar operations — and then moved online. Robert Clarkson, chief revenue officer at Payoneer, told PYMNTS’ Karen Webster there’s been a shift...
Generally speaking, businesses are feeling optimistic about their prospects as economies reopen — and they have incentives to invest in the technologies and initiatives that will make them more efficient. But inflation is on the rise, which is spurring more firms to manage their cash...
Traditional credit scores — for decades, the prime metric to be granted or denied financing — is a bit of a relic, and in the aftermath of a global health and business crisis, it’s simply not that helpful. In a time of off-the-charts small business...
American small business owners feel less confident about the country’s economy amid ongoing inflation and supply chain shortages, according to a survey from the National Federation of Independent Business (NFIB) released Tuesday (Feb. 8). “More small business owners started the New Year raising prices in...
The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee has released the agenda for its next virtual meeting on Feb. 10, which will look into small business investment issues. The Committee provides advice and recommendations to the Commission on rules and policy matters...
