The traditional spigots of credit continue to tighten for small businesses. Blame higher rates, the continued fallout of the Silicon Valley Bank collapse last year, and skittishness on the part of lenders. The impact will hinder the ability of small businesses to capitalize on growth opportunities or...
Pocketbook has selected Grasshopper to provide its small- to medium-sized business (SMB) customers with white-labeled, FDIC-insured commercial checking accounts. The rollout of the products offered by this new partnership was also facilitated by Treasury Prime, the companies said in a Tuesday (March 5) press release. “Pocketbook exists to serve...
Nav has partnered with Fundbox to ease the way for small and medium-sized businesses (SMBs) to access capital. This collaboration aims to help SMBs navigate financial procurement with greater assurance and less hassle, the companies said in a Tuesday (March 5) press release. Nav is a platform for...
BILL is adding new cash flow forecasting and insights capabilities to its financial operations platform for small- to medium-sized businesses (SMBs). These predictive cash flow tools are designed to provide SMBs and their accountants with information that will help them make better business decisions, faster,...
Fundica, a North American funding search engine, has teamed up with Visa to help traditionally underserved small business communities access additional sources of working capital. Together, Fundica and Visa aim to democratize access to government funding, the companies said in a Monday (March 4) press release. ...
Business finance platform multifi has launched 120-day payment terms available to small and medium-sized businesses (SMBs) in the United Kingdom. The official launch of this offering follows a broker pilot program, the company said in a Thursday (Feb. 29) press release emailed to PYMNTS. “We are thrilled...
While traditional financial institutions (FIs) have historically dominated the industry, credit unions (CUs) have carved out a unique niche, serving the needs of their members with personalized care and a focus on mutual benefit. However, faced with the dual challenges of technological disruption and shifting...
Ed O’Donnell, CEO of Versatile Credit, said that embedded finance can — and already is — transforming smaller businesses’ competitive dynamics. “Technology’s been the great equalizer,” he said, “for small- and medium-sized businesses (SMBs) and also the enterprise clients that we deal with.” Generally speaking,...
The COVID-19 pandemic has accelerated the shift to an eCommerce economy, with historically high sales in 2020 and 2021. As a result, most Main Street small- to medium-sized businesses (SMBs) in the United States now recognize the importance of eCommerce for their business growth and...
