Loan origination platform Decipher Credit has teamed up with small business financial data provider Validis. The partnership will allow commercial lenders to extract financial and accounts receivable data in real-time, letting small- to medium-sized businesses (SMBs) go from “application to automated spreading” in seconds, the companies said...
An unavoidable truth in business is that it frequently takes money to make money. And in today’s world, where small and medium-sized businesses (SMBs) often find themselves struggling to secure the capital they need to invest in their growth, innovative solutions are crucial. That’s why...
Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs have used at least one type of borrowing tool in the past year. Approximately three-fourths of SMBs are using revolving...
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...
April 18, 2024
An unavoidable truth in business is that it frequently takes money to make money. And in today’s world, where small and medium-sized businesses (SMBs) often find themselves struggling to secure the capital they need to invest in their growth, innovative solutions are crucial. That’s why for the “AI Effect” series, PYMNTS sat down with MJ Jiang, […]
January 31, 2024
Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs have used at least one...
March 10, 2020
The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast...
June 07, 2018
The landscape in SMB lending is almost totally unrecognizable from what it was even a short five years ago, BlueVine Founder and CEO, Eyal Lifshitz, told Karen Webster shortly after his...
April 23, 2024
Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over year, reaching a record $3.5 billion. Total company originations for the quarter totaled $1.4 billion, according to the press release. Small and medium-sized business (SMB) products […]
April 22, 2024
Loan origination platform Decipher Credit has teamed up with small business financial data provider Validis. The partnership will allow commercial lenders to extract financial and accounts receivable data in real-time, letting small-...
October 16, 2023
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...
July 31, 2023
Sweeping changes to the federal program for small business lending will begin taking effect Tuesday (Aug. 1). Among the upcoming changes are simplified loan requirements, more widespread automation and an...
