Sixty Percent of Startups Using Cards Credit Them With Business Success

B2B and Digital Payments Tracker®: The Role of Business Cards in SMB Financial Management

Business cards offer numerous benefits to small businesses over other financing, including easier qualification, significantly higher credit limits, and perks such as cash back, travel and mileage-earning rewards. The latest “B2B and Digital Payments Tracker®” explores why 63% of small business owners using cards as their primary startup funding attribute their success to this method of financing.

Inside the February Tracker

PYMNTS Intelligence interviews Hicham Oudghiri, co-founder and CEO at Enigma, and Anthony Peculic, head of banking as a service and cards, FinTech banking at Cross River, about how the financial pressures on SMBs are shaping a move toward data-fueled alternative financing.
As small businesses consider their options for managing their finances in the present economic climate, business cards are proving to be an essential addition to their toolkit.
SMBs are more likely to have business cards than any other form of business financing, but an equal share report having personal cards available for business contingencies.