Intuit has added new eCommerce management features to its QuickBooks Online accounting software. These innovations aim to help small businesses manage their inventory across multiple sales channels from a centralized platform, the company said in a Wednesday (Nov. 1) press release. For product-based businesses, tracking inventory...
It is becoming more expensive and complex for companies to operate globally, and firms need better access to money to keep their businesses afloat. Inflation remains high and persistent worldwide, with a deeper impact on regions like Latin America and the Caribbean (LAC). Against this...
The past few years have been full of challenges for small- to medium-sized businesses (SMBs). “It is definitely a perfect storm, and not in a good way,” Anthony Peculic, head of BaaS and Card, FinTech Banking at Cross River, told PYMNTS. “Small businesses at this...
The world of payment processing plays a crucial role in the operations of small- to medium-sized businesses (SMBs). That payment processor landscape, particularly for Main Street SMBs, is “saturated but competitive,” Charles Zhu, vice president of product at Enigma, told PYMNTS. When discussing payment processors in the...
Uplinq Financial Technologies has partnered with Ernst & Young (EY) to introduce credit lending to small and medium-sized businesses (SMBs). Using advanced analytics and Uplinq’s decision-making modules, the integrated solution aims transform the lending landscape, the companies said in a Wednesday (Oct. 18) press release. Mario Schlener, EY partner...
The competition in the payment processor market is fierce because of the success of incumbent leaders, as the majority of Main Street small to midsized business (SMB) retailers are satisfied with their current processors. However, there are opportunities to make a mark with lower transaction...
European small business lender iwoca says it has raised $243 million in new funding. The financing, announced late Monday (Oct. 16), follows the $152 million the London-based company raised in January to meet a rising demand for working capital among small- to medium-sized businesses (SMBs). “We started iwoca...
Mastercard has partnered with Bizom, a retail intelligence platform, to provide a comprehensive digital supply chain financing solution to micro retailers and distributors in India. This collaboration aims to address the challenges faced by small retailers and distributors in the consumer packaged goods (CPG) industry, including supply...
Small- to medium-sized businesses (SMBs) on Main Street are finding a dearth of options when it comes to getting the money they need to stay in business. PYMNTS Intelligence found that more than half of SMBs — 53% to be exact — have “no current...