October 05, 2023
Finance Sector Small Businesses Report Above-Average Closure Risks Due to...
Access to business financing remains a significant challenge for small- to medium-sized businesses (SMBs), with many finding it increasingly difficult to secure traditional funding from banks. According to data from...
October 05, 2023
Small Businesses Look for New Options as Traditional Funding Shrinks
Smaller firms feel the credit crunch — and are likely to pivot to new avenues of financing. PYMNTS Intelligence shows that six in 10 smaller firms are denied funding through...
October 05, 2023
Mastercard Teams With Peacock and Instacart as Consumers Seek Rewards
Mastercard has debuted its first streaming subscription offering via a partnership with Peacock. That collaboration is one of two announced Thursday (Oct. 5) by the payments giant, which is also expanding its earlier...
October 05, 2023
Galileo, Mastercard Team on Smart BNPL for Small Businesses
David Feuer, chief product officer of Galileo Financial Technologies, told PYMNTS that the current financial services landscape is a challenging one for smaller firms — and especially so for the...
October 05, 2023
82% of Small Insurance Firms Forgo Instant Payments
The insurance industry is witnessing a surge in the adoption of real-time payments, with nearly 40% of all firms surveyed in a PYMNTS study planning to increase their use of...
October 05, 2023
Why FinTechs Are Telling Customers They No Longer Want Their...
FinTechs spent years pursuing growth at all costs — where profits were an afterthought. Revenues, eyeballs, clicks and accounts — in short, the more business the better — were the...
October 04, 2023
Clearco Secures $60 Million in Funding to Support eCommerce Businesses
Toronto-based FinTech company Clearco has secured $60 million in a Series D funding round, as part of a recapitalization effort. The funding was led by Inovia Capital and Founders Circle Capital, both of which are...
October 04, 2023
Monzo Picks Cash App Vet Conor Walsh for US CEO
British digital bank Monzo has named Conor Walsh to head its U.S. operations. Walsh, a veteran of Cash App, was named the bank’s U.S. CEO on Wednesday (Oct. 4), according to a news release provided...
October 04, 2023
Brite Raises $60 Million to Expand Instant Payments
Swedish FinTech Brite Payments has raised $60 million to expand its instant payment offering. The funding round, announced Wednesday (Oct. 4), was led by Dawn Capital along with a number of Sweden’s other FinTech...
One-Third of Credit Union Members Would Leave for Better Credit Products
Consumers are on the hunt for better access to credit and financing, and they’re not afraid to shop around to find the FI providing the lowest rates and most convenient offerings. PYMNTS’ latest study of more than 4,000 consumers and 154 FinTech and CU execs reveals what CUs can do to win — and keep — consumers’ business. Read more in Credit Union Innovation: How Credit Products’ Rates and Terms Impact FI Selection,” a collaboration with PSCU.