Tagged: small businesses

April 10, 2025 @ 8:08 am By Omar Faridi  |  

The British Business Bank has agreed a new facility with BFS Marine Finance, designed to increase the flow of finance to smaller businesses within the commercial marine sector. The structured finance facility of up to £20m will “allow BFS Marine Finance to provide secured financing… Read More

February 26, 2025 @ 11:33 am By Omar Faridi  |  

Mastercard’s (NYSE: MA) range of fraud detection tools and solutions help protect and ensure payment security for consumers and businesses. In an evolving digital world, fraud threats seem to be coming from every direction, making it “challenging for Canadians to feel and remain secure.” Launching… Read More

February 20, 2025 @ 2:57 pm By Omar Faridi  |  

NEXT Insurance, a digital insurtech company transforming small business insurance, announced a new offering to support small businesses with multiple operating locations across a single state, allowing single-entity small business owners with numerous locations “to purchase workers’ compensation (WC) coverage through one single policy.” NEXT‘s… Read More

February 16, 2025 @ 7:45 pm By Omar Faridi  |  

Bluevine, the banking platform that serves as the financial operating system for startups and small businesses, announced an ongoing partnership with  small business accounting platform, Xero. Through this collab, Bluevine customers can sync their banking data with Xero, providing small businesses and their accountants with… Read More

February 13, 2025 @ 5:14 pm By Omar Faridi  |  

Xero, a global small business platform, has released its quarterly Xero Small Business Insights (XSBI) data for Canada, providing a comprehensive snapshot of the health of the small business sector. The latest data, which covers the period from July to September 2024, reveals that while… Read More

February 8, 2025 @ 12:52 pm By Omar Faridi  |  

Mastercard (NYSE: MA) has recently unveiled the newest recipients of the Mastercard x Pier Five Small Business Fund. The Fund grants $10,000 CAD to 10 Canadian women small business owners alongside “support to grow and scale their businesses.” Recipients receive a Priceless experience in Toronto… Read More

January 8, 2025 @ 7:06 am By Omar Faridi  |  

BRISKPE, a PayU-backed cross-border payment platform, has introduced a solution designed to meet the needs of MSMEs. This platform integrates account-to-account (A2A) transfers, card collections powered by PayU and PayPal, providing exporters, service providers, marketplace sellers and freelancers with “efficiency in managing international transactions.” By… Read More

December 24, 2024 @ 5:38 pm By Omar Faridi  |  

BizEquity, a platform that provides business valuation services, announced a partnership with Biz2Credit, a small business funding platform, to help secure business financing for US-based clients. The firms will reportedly launch financing options via an embedded financing solution within the BizEquity platform powered by Biz2Credit’s… Read More

December 6, 2024 @ 12:08 pm By Omar Faridi  |  

Research from Xero, the small business platform, has found leaders of the UK’s smallest businesses (1-9 employees) and sole traders spend less than half (46%) of the working week on their core jobs. According to the report from Xero, these businesses effectively aren’t starting work… Read More

November 26, 2024 @ 4:35 pm By Omar Faridi  |  

iwoca, one of Europe’s SME lenders, announces access to a £500,000 fund to help small businesses and employees build skills in artificial intelligence (AI) and data analytics. Teaming up with learning provider Multiverse, iwoca can now transfer half of its unused apprenticeship levy (~£250,000) to… Read More

November 7, 2024 @ 7:39 pm By Omar Faridi  |  

Xero, the small business platform, released its Xero Small Business Insights (XSBI) update, highlighting that Australian small businesses are persevering amid challenging macroeconomic conditions and still outperforming small businesses in other countries. As noted in the research report shared by Xero, here are takeaways from… Read More

November 4, 2024 @ 8:54 am By Omar Faridi  |  

Xero, the global small business platform, released its quarterly Xero Small Business Insights (XSBI) report for Canada, including data from April to June 2024. As noted in the latest report, Canada’s weak small business sales performance continued in the three months to June. The data… Read More

November 2, 2024 @ 4:33 pm By Omar Faridi  |  

UK small business sales growth continued to slow over the last quarter (July to September), not helped by rising late payments times, according to the  Xero Small Business Insights (XSBI) data from Xero, the small business platform. As noted in the research report, this quarter,… Read More

October 6, 2024 @ 2:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) announced recently that it has launched various new benefits in support of small businesses operating across Canada. Curated new cardholder benefits provide savings on products and solutions tailored to meet the requirements of Canadian business owners. In order to to acknowledge Small… Read More

October 4, 2024 @ 8:41 pm By Omar Faridi  |  

Research from cloud-based small business platform Xero reveals a notable gap in financial literacy among Canadian small business owners. Although 47% or nearly half of small business owners rating their financial literacy as ‘high’, nearly half (43%) actively deal with fiscal challenges in their business… Read More

September 29, 2024 @ 12:36 pm By Omar Faridi  |  

BILL (NYSE: BILL), a financial operations platform for small and midsize businesses (SMBs), announced new payment offerings for SMBs and accountants to make payments faster, easier, and more secure. The new capabilities, which are “part of BILL’s powerful payments engine, include a new international payment… Read More

September 19, 2024 @ 3:45 pm By Omar Faridi  |  

Equifax (NYSE: EFX) has launched a new Merchant Data Network, an Equifax Cloud™-based data network to help provide greater visibility into the financial profiles of U.S small businesses. Designed to give lenders and service providers the “increased confidence they need to extend capital in a… Read More

August 27, 2024 @ 10:13 pm By Omar Faridi  |  

Research by global small business platform Xero has uncovered payment convenience is key for Kiwi consumers, but key barriers such as expensive fees are turning off small businesses from embracing new digital methods. Xero’s latest report ‘I want to pay that way’, delves into the… Read More

August 17, 2024 @ 11:22 am By Omar Faridi  |  

Amount, a digital origination and decisioning SaaS platform powering consumer and small business deposit account opening and loan origination, announced the successful close of a $30 million equity capital raise. The company will use the funds to further “invest in its world-class technology and accelerate… Read More

August 14, 2024 @ 4:29 pm By Omar Faridi  |  

Centime, a Boston-based fintech that offers comprehensive cash management and banking solutions to small to midsize businesses (SMBs), has announced an innovative approach to Accounts Payable (AP) automation that goes beyond the basic promise of ROI. Centime’s new offering not only streamlines the AP process… Read More