HSBC has launched an embedded finance venture aimed at its business clients. SemFi is a joint venture between HSBC and B2B global trade network Tradeshift, designed to embed HSBC payment, trade and financing solutions across a variety of eCommerce and marketplace venues, including Tradeshift’s network, according to...
Embedded lending’s usage around the globe has been growing — but as we enter new cycles of technology and seamless interactions, we’ll see more consumers and businesses turn to a growing set of use cases where they get the financing they need to get the...
Forward Financing has increased its existing $250 million credit facility to $450 million to support continued growth of its revenue-based financing for small businesses across the United States. “This significant expansion of our credit facility is an exciting step towards continued growth and our ability...
Have you ever been in the process of paying for a purchase — either online or in a retail outlet — only to be prompted to apply for a new credit card to cover your purchase or to disperse your payments over a set period...
Embedded lending may gain new consideration at the point of sale as cash-strapped consumers grapple with the pain of emergency expenses. And it may help them pay for at least some “everyday” essentials, too. The PYMNTS Intelligence and Visa report “The Embedded Lending Opportunity” found...
Debt continues to mount — and at an accelerated pace, per the Federal Reserve’s latest tally on consumer credit. Within that growth likely lies a continued use of card installment plans. Consumers’ total outstanding credit increased by $14.1 billion in February, tied to an annualized growth rate of...
Pier has raised $2.4 million in an oversubscribed round to develop its technology that helps businesses launch credit products. The company’s “Stripe for credit” solution automates every aspect of the credit lifecycle, including origination, underwriting, compliance and servicing, Jessica Zhang, CEO and co-founder of Pier, said in...
The utilization of working capital solutions among Growth Corporates in North America has transcended the conventional focus solely on investment purposes. Insights detailed in the “2023-2024 Growth Corporates Working Capital Index (WCI): North America Edition” by PYMNTS Intelligence underscores this evolution, shedding light on the...
SumUp has raised a $100 million credit facility to launch a merchant financing solution. The British company’s Cash Advance tool offers advances of up to £20,000, based on merchants’ payment history and repayable via payment acceptance using SumUp’s card readers. According to a release emailed...