Xero, the global small business platform, has reported a significant 81% increase in the cost of late payments to Kiwi small businesses, surging from about $456 million in 2021 to $827 million in 2023. This data is part of the Xero Small Business Insights program,… Read More
Read more in: Fintech, Global | Tagged late payments, new zealand, research, small business
An improvement in jobs and sales growth across UK small businesses in June “has been largely offset by increasing late payments and a slowdown in wages growth,” according to the latest data from global small business platform Xero. Xero’s Small Business Index, based “on anonymized… Read More
Read more in: Fintech, Global | Tagged data, europe, financial data, jobs, late payments, small business platform, small businesses, smbs, sme's, uk, united kingdom, xero
UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that during the month of July 2021, new changes to the Prompt Payment Code came into effect. Announced in January of this year, the changes have been designed “to strengthen the position… Read More
Read more in: Strategy, Global, Investment Platforms and Marketplaces | Tagged alternative financing, business loans, coronavirus, covid-19, europe, late payments, lending, loans, marketfinance, prompt pay, small businesses, smbs, sme's, tomato pay, uk, united kingdom
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