Xero, a global small business platform, has partnered with Flinks, an open banking firm, to enhance banking data access for small businesses. This collaboration aims to provide small businesses in Canada and the United States with secure access to more than 20 direct bank connections and...
A lot can change in a year, particularly for the small- to medium-sized business (SMB) segment. And while change can be a constant, constant change is not always a good thing — particularly when liquidity is tight, customer spending is low, and SMBs looking for...
Working capital is the lifeblood of businesses of all sizes, and to those companies just starting, access to financing can mean the difference between stagnation or being able to grow. The lack of financing sources limits companies’ ability to undertake expansion plans and sometimes makes...
Main Street small business owners anticipate limited wiggle room to boost prices, and they’re prepared to tap credit to help grapple with operating costs. As disclosed by the National Federation for Independent Businesses Tuesday (Dec. 12), the Small Business Optimism Index was down in November...
Small- to medium-sized businesses (SMBs) facing limited access to funding are turning to external sources to finance their operations. However, access to credit remains a challenge, leaving them vulnerable in times of financial difficulties. This is particularly true among Main Street businesses, where nearly 34%...
Most small- to medium-sized businesses (SMBs) across industries use some kind of payment processor. The most common providers are PayPal, Square and Shopify, which are chosen mainly for their ease of use or low processing fees. However, more companies are requiring their payment processors to...
Mastercard’s Strive fund has awarded nearly $2 million in grants to organizations that support small businesses. The Strive Innovation Fund will support 11 organizations around the world, including those focused “on innovative digital solutions that support small businesses’ growth in environmental sustainability and data for market...
Bluevine, a digital banking platform for small businesses, has surpassed $1 billion in managed deposits by its small business banking customers. The accomplishment places Bluevine on par with the top 20% of Federal Deposit Insurance Corp.-insured banks and savings institutions in terms of deposit volume,...
Republicans aim to overturn the Consumer Financial Protection Bureau’s (CFPB) 1071 Small Business Lending Rule, saying the rule is overly burdensome for small businesses and the lenders who serve them. “To sum it up, this rule is a backwards-looking, anti-small business solution in search of...
