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Small Businesses Struggle as Banks Tighten Lending
Small Businesses Struggle as Banks Tighten Lending
June 01, 2023  |  Loans

Smaller businesses have begun cutting back as banks impose tougher lending standards. As The Wall Street Journal (WSJ) notes in a Thursday (June 1) report...

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Stripe Issues Charge Cards to Help Small Business Cash Flow
Stripe Issues Charge Cards to Help Small Business Cash Flow
June 01, 2023  |  SMBs

Financial services platform Stripe has unveiled a new charge program for its commercial card-issuing product. “Whether a small business is just starting out or looking to expand, access to...

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Capital One Acquires Concierge Firm Velocity Black
Capital One Acquires Concierge Firm Velocity Black
June 01, 2023  |  Acquisitions

Capital One has acquired digital concierge company Velocity Black to supplement its offerings of customer experiences. Velocity Black’s platform uses both technology and human experts...

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GetYourGuide Raises $194 Million for AI-Powered Travel
GetYourGuide Raises $194 Million for AI-Powered Travel
June 01, 2023  |  Travel Payments

German travel platform GetYourGuide has raised $194 million to expand into North America. The company announced the equity and credit financing Thursday (June 1), saying it would allow it...

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Report: Fizzling SPAC Wave Leads to Rash of Lawsuits
Report: Fizzling SPAC Wave Leads to Rash of Lawsuits
June 01, 2023  |  SPAC

First came the SPACs. Now come the legal actions. Special purpose acquisition companies (SPACs) were a super-popular method of going public in recent years. But...

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AvidXchange Adds Lien Waiver Management Feature for Construction Industry
AvidXchange Adds Lien Waiver Management Feature for Construction Industry
June 01, 2023  |  B2B Payments

AvidXchange has added a Lien Waiver Management feature for the construction industry. This new feature has been added to the company’s TimberScan purchase-to-pay platform and associates the release of funds...

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Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
Sorbet Launches On-Demand PTO Cash Advance Solution in 8 States
June 01, 2023  |  Consumer Finance

Sorbet has launched a platform that lets employees access the value of their unused paid time off (PTO). With this on-demand PTO cash advance solution...

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Revolut’s Global Retail Customer Base Tops 30 Million
Revolut’s Global Retail Customer Base Tops 30 Million
June 01, 2023  |  Digital Banking

British financial platform Revolut says it now has more than 30 million retail customers. That’s according to an announcement from the company Thursday (June 1),...

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India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
June 01, 2023  |  Real-Time Payments

India’s monthly Unified Payments Interface (UPI) transaction count has topped 9 billion in a single month. The real-time payments system’s transaction count hit 9.41 billion in May,...

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