Tagged: small businesses

September 18, 2023 @ 10:11 pm By Omar Faridi  |  

Despite a challenging economic environment, 101 new businesses were created every hour across the UK in the first half of 2023, according to research by iwoca, one of Europe’s small business lenders. Analysis of Companies House data reveals “that over 436,000 businesses were registered in… Read More

September 18, 2023 @ 11:06 am By Omar Faridi  |  

Finli, a digital back office platform for small businesses, announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is a provider of digital transformation solutions for banking and lending. This integration means “that Finli’s platform… Read More

September 18, 2023 @ 9:35 am By Omar Faridi  |  

Trade Ledger announces it will launch a new solution integrating Microsoft Azure OpenAI Service designed exclusively for Business Owners, CFOs and Financial Directors in small and medium-sized businesses (SMBs). SMBs often don’t have the resources or in-house expertise “to access and understand information to optimize… Read More

September 14, 2023 @ 11:10 am By Omar Faridi  |  

Episode Six (E6), a global provider of enterprise-grade payment processing and ledger infrastructure, announced the launch of Business Now, Pay Later. This solution enables commercial banks “to capture new revenue streams by meeting the working capital needs of small and medium-sized enterprises (SMEs) through tailored… Read More

September 14, 2023 @ 8:11 am By Omar Faridi  |  

Mastercard (NYSE: MA) and Paysend, a UK-based fintech, have today expanded their collaboration to enhance cross-border payments for small and medium enterprises (SMEs), which are increasingly looking “for ways to send money or pay vendors across the globe quickly and securely.” While digital payments are… Read More

September 14, 2023 @ 8:10 am By Omar Faridi  |  

Visa (NYSE: V) revealed findings from the seventh edition of its Global Back to Business Study, which found that a majority of surveyed small and micro businesses (SMBs) plan to prioritize cross-border sales as they look to scale beyond Main Street and High Street to… Read More

September 11, 2023 @ 11:06 pm By Omar Faridi  |  

Bluevine, the “one-stop” digital banking platform specifically designed for small businesses, today announced expanded FDIC insurance coverage of up to $3 million through Coastal Community Bank, Member FDIC, and program banks in a sweep network, automatically offering Bluevine account holders coverage of up to 12x… Read More

September 11, 2023 @ 10:24 am By Omar Faridi  |  

A report from Xero, the global small business platform, has revealed “that 48% of U.S. small business owners have experienced an extreme or high impact from inflation on their cash flow over the past six months, and 44% expect inflation to continue to have a… Read More

September 11, 2023 @ 9:45 am By Omar Faridi  |  

Human Interest, which claims to be the “fastest-growing,” and “top-rated” 401(k) provider, introduces Fast Track 401(k), a radically simplified way for small and medium-sized businesses (SMBs) to purchase and design a new 401(k) plan. Fast Track 401(k) is the latest step in Human Interest’s mission… Read More

September 9, 2023 @ 10:44 pm By Omar Faridi  |  

WorldFirst, a “one-stop” global payment and financial services platform for SMEs engaged in cross-border trade, reported that international SME buyers have increasingly “adopted the WorldFirst Cross-border Pay solution for 1688, one of China’s top wholesale marketplaces, as SMEs worldwide seek cost-effective sourcing options to stay… Read More

September 9, 2023 @ 4:13 pm By Omar Faridi  |  

British Business Investments announces a new £20m Tier 2 facility for DF Capital. This investment will help DF Capital provide “an additional £300m+ of new lending per annum, to existing and new UK SME vendors and dealerships.” The investment has been “made through British Business… Read More

September 7, 2023 @ 3:11 pm By Omar Faridi  |  

In the inaugural Small Business Financial Confidence Report, it was revealed that 54% of small business owners surveyed stated they “felt very confident in their ability to make sound growth decisions.” The latest data polled and shared by American Express (NYSE: AXP) two months later… Read More

September 7, 2023 @ 7:55 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced plans to further expand its footprint in the UK market “with a new senior appointment and launch of its AI-powered cyber insurance program.” With more than half (54%) of SMEs in… Read More

September 6, 2023 @ 10:37 pm By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, today announced the launch of “Airwallex for Startups”, a business readiness campaign “exclusively for Hong Kong entrepreneurs to support their global growth ambitions.” With the support of Hong Kong flagship incubators, and in collaboration with… Read More

September 2, 2023 @ 11:01 am By Omar Faridi  |  

Xero recently announced new AI-powered product features and enhanced product experiences designed “to help small businesses and their advisors work smarter and more efficiently.” As noted in the update from Xero, the new innovations include: Enhanced AI-powered predictions in bank reconciliation and Xero Analytics Plus… Read More

August 30, 2023 @ 10:55 am By Omar Faridi  |  

GoCardless, the bank payments company, has announced it is renewing its strategic partnership with Xero, the global small business platform, for another five years. The agreement builds on a long-term relationship which “started in 2016, focused on helping small businesses get paid faster.” For GoCardless… Read More

August 30, 2023 @ 9:33 am By Omar Faridi  |  

Banks have long struggled to serve small and midsize enterprises (SMEs) effectively, despite the prominence of these companies in national economies, as SMEs recently “represented just over half of gross value added in the European Union and just under half in the US.” As noted… Read More

August 30, 2023 @ 8:52 am By Omar Faridi  |  

UK-based SME funding advisors are reporting significantly lower levels of activity and fewer business pipelines when compared to earlier this year. This, according to a survey conducted by the team at ThinCats. The firm reported that over 55% of advisor surveys reveal that there are… Read More

August 30, 2023 @ 7:28 am By Omar Faridi  |  

The grant will establish a PayPal Retail Academy to support Atlanta-area entrepreneurs. The Russell Innovation Center for Entrepreneurs (RICE) announced a $1 million grant from PayPal Holdings, Inc. (NASDAQ:PYPL) in order to launch the PayPal Retail Academy, which will provide a robust curriculum of innovative… Read More

August 29, 2023 @ 9:46 pm By Omar Faridi  |  

The India Digital SME Credit Report 2023 released in collaboration between GetVantage and Redseer Strategy Consultants estimates that “a potential US$ 220 Bn credit deficit poses a roadblock to unlocking the economic potential of millions of digitized businesses.” Out of the current US$ 220 Bn… Read More