SMBs

SMBs
PYMNTS’ Main Street Merchant Index Shows Deep Divide Between Winners, Losers
December 14, 2021

Main Street businesses are enjoying a strong, if incomplete, recovery from the pandemic’s ongoing economic impacts, according to The Main Street Index, a PYMNTS and Melio collaboration.  Get the study: The Main Street Index: How America’s Small to Mid-Sized Businesses Are Navigating the Post-Pandemic Economy  The...

SMBs
FreshBooks, Sensibill Bolster Small Business Expense Management
December 09, 2021

Customer data platform Sensibill has joined forces with accounting software company Freshbooks to offer better expense management for small business owners, according to a Thursday (Dec. 9) press release.   As part of the collaborative effort, the companies are automating data entry and implementing optical character...

SMBs
AmEx’s Kabbage Debuts Small Business Lines of Credit
December 08, 2021

The online lender Kabbage has launched a service offering small businesses lines of credit, backed by its owner, American Express.  Unveiled Wednesday (Dec. 8), Kabbage Funding offers credit lines of $1,000 to $150,000, designed to help small businesses manage their cash flow.  “Most small business...

SMBs
Resilient Main Street Businesses Use Digital to Keep Recovery on Track
December 07, 2021

Main Street businesses — the small- to mid-sized businesses (SMBs) that represent the lion’s share of American commercial enterprises — are emerging from a chaotic year with the hope of a less fraught 2022. Despite SMBs’ long history of resilience, their long-term prospects and regional...

SMBs
Bankjoy Unveils Business Banking Platform 
December 01, 2021

Digital banking provider Bankjoy — which recently signed up its millionth member — on Wednesday (Dec. 1) launched a digital business banking platform that gives its small business clients tools to attract customers and keep them loyal.  The launch comes as a recent survey shows...

SMBs
Fundbox Notches $100M Series D to Fund SMB BNPL Offering
November 30, 2021

Fundbox, an artificial intelligence (AI)-powered financial platform that offers small- to medium-sized businesses (SMBs) quick access to business credit, has raised $100 million in a Series D funding round, driving its valuation beyond $1 billion, according to a Tuesday (Nov. 30) press release.   Healthcare...

SMBs
$1.2 Trillion in Non Recurring Payments Create Cash Flow Problems for Small Business
November 25, 2021

Nonrecurring payments to infrequent service provider and independent contractors are a fact of life for small- and medium-sized businesses (SMBs), but they also present a payments problem. With an average of 72 ad hoc transactions from some 15 different buyers annually, these payments represent a...

SMBs
Better Data Access Delivers Profit, Spending Controls for Small Business
November 23, 2021

Consolidation is critical when it comes to improving spend management. In a recent On the Agenda, Bessemer Venture Partners Operating Partner Jeff Epstein; Airbase Founder and CEO Thejo Kote; and Silicon Valley Bank Head of Global Payments Kathleen Pierce-Gilmore said visibility is a critical component...

SMBs
Small Businesses Must Have Digital Tech To Win Black Friday Sales
November 22, 2021

Shoppers in New York, Los Angeles, Chicago and Boston might notice a new art installation this holiday season featuring products from local businesses. But these murals, a collaboration between American Express and Google, aren’t just for aesthetics — they create a fully shoppable experience, allowing...