U.K. FinTech SumUp is launching its first card for business payments, in partnership with Mastercard, SumUp announced in a blog post on Tuesday (Feb. 18). The new SumUp Card will enable merchants to quickly access money and monitor finances while making necessary business payments. The...
Nav, a platform for small businesses to compare financing and credit options, has announced a new CEO. A press release issued on Tuesday (Jan. 14) said that Nav has named Greg Ott as CEO, with former CEO Levi King stepping down. King will join Nav’s...
Trade finance remains an essential tool for cross-border B2B trade, and with an estimated $1.5 trillion gap in available trade finance, non-bank players have flooded the market to address the demand — and introduce efficiencies to an area of finance that has historically been bogged...
FinTech and automation technology have cast a shadow of anxiety on the accounting industry in recent years, as certified public accountants (CPAs) began to wonder whether their jobs would be replaced entirely by robots. Those concerns have eased somewhat, however, as FinTech firms assure accountants...
November 27, 2019
It’s not easy being small — especially in business, and often when it comes to banking and payments. The bigger players take up more space at the table, and, for various reasons, often face fewer barriers to market entry and expansion than small- and medium-sized businesses (SMBs). That can hold especially true in wealthy countries, […]
June 25, 2019
Trade credit has been around for decades and is less than efficient, with $3.1 trillion tied up in outstanding invoices. To grease the wheels of commerce, Fundbox and OroCommerce are joining...
May 29, 2019
Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if they will have enough capital to fund operations,...
March 28, 2019
FinTech Fundbox said on Thursday (March 28) that it is expanding its partnership with Synchrony, the consumer financial services company, to make B2B credit available to the latter’s merchant client...
October 19, 2022
Money management solution Wave, which works with small business owners, has debuted a new mobile app to offer services for such businesses, a press release said. The app will offer money management solutions, such as a new dashboard with business insights such as profit and loss overviews, mobile invoicing, and integrated mobile banking. Wave CEO Zahir […]
October 30, 2018
Chinese payments conglomerate Alipay is ramping up its B2B services with a new suite of offerings for small businesses (SMBs). Reports in Financial IT on Monday (Oct. 29) said Alipay...
September 18, 2017
Manual processes are expensive for small businesses, in both time and money. Taking time to crunch numbers or hand-pick data is a waste for SMB owners, for sure. But a...
September 11, 2017
Alternative lending hasn’t completely lost its edge with investors. U.K.-based invoice and trade finance firm Reward Finance Group recently reported it had raised more than $51 million from Foresight Group....
