Clearly Payments

NOVEMBER 6, 2024

trillion 2019 $4.0 payment processing market is projected to grow at a compound annual growth rate (CAGR) of 5% to 7% over the next five years, as businesses and consumers continue to embrace digital payments, contactless technology , and alternative payment options. trillion 2020 $3.8 trillion 2021 $4.2 trillion 2022 $5.0

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

The Fintech Times

FEBRUARY 3, 2025

Fintech SMEs in the City of London have secured 4.3billion in equity investment since 2019, making the sector the most dominant in the Square Miles thriving tech ecosystem, according to a new report from the City of London Corporation. These firms have collectively raised 6.7billion in equity since 2019. The Square Mile is home to 14.5

FinTech 64

FinTech Gateways Innovation Small Business 64

PYMNTS

DECEMBER 7, 2020

Digital Black Friday sales this year hit $9 billion, a 22 percent increase from 2019 figures, according to recent Adobe research. Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues.

Finance 142

Finance Small Business Underwriting B2C 142

Clearly Payments

MARCH 18, 2025

Overview of Business Distribution by Industry The following table presents a detailed breakdown of the number of businesses, total employment, and annual revenue across major U.S. industries: Industry Number of Businesses Total Employment Annual Revenue Professional, Scientific, and Technical Services 4,500,000 9,000,000 $2.0

Economy 52

Economy Small Business Credit Cards Legal 52

Lending Front

JUNE 6, 2021

But while the economy in general is expected to boom, many small businesses are still in recovery mode. Of course, many firms opted to apply for fully forgivable PPP loans instead of traditional loans, seeing as the second round of PPP had funds earmarked for underserved small businesses. Enter community banks.

Small Business 52

Small Business Community Banks Economy Non-Bank 52

PYMNTS

DECEMBER 2, 2020

Payments giant Stripe is taking Stripe Capital , its push into online business finance and lending, to the next level. Stripe Capital first got off the ground in September 2019, offering customers and businesses financing options through its online platform. On Tuesday (Dec.

Void 120

Void Financial Inclusion Small Business Finance 120

Fintech News

JULY 1, 2024

This funding will enable Validus’ Indonesian subsidiary, Batumbu , to expand its reach and support more local businesses. The collaboration between Oikocredit and Validus aims to address the significant SME funding gap in Indonesia, where many small businesses struggle to access funds from commercial banks due to data and risk issues.

Finance 111

Finance Security Underserved Financial Inclusion 111

PYMNTS

JANUARY 31, 2019

Mastercard has released its latest report on the FinTech landscape, with analysts fixing their eyes on the small business (SMB) community to drive competition and innovation. Another key trend is the role of SMBs, the report noted, claiming that small businesses were “the next battleground for FinTech.”.

Visa 77

Visa FinTech Small Business Money Laundering 77

PYMNTS

JULY 20, 2020

“We are looking forward to working closely with Mastercard to further develop the innovative service we offer to our members, and to push further forward in our mission to save small business owners time (and money) on their banking and administration.”. In October 2019 the company raised $54 million. SMBs in 2019.

Visa 91

Visa Push-to-Card Card Issuer Issuers 91

PYMNTS

DECEMBER 28, 2018

It was also a busy year for banking technology provider Avoka, which announced it reached an agreement to be acquired by Temenos only weeks ago. Avoka CMO Don Bergal told PYMNTS what global markets can expect in 2019 in terms of bank KYC happenings. ” Banks’ 2019 KYC Challenges. See what Bergal had to say below.

Money Laundering 74

Money Laundering Small Business Fincen Compliance 74

PYMNTS

JANUARY 13, 2021

12) that it is investing $100 million from now through 2025 to support small businesses located in minority neighborhoods. The new Starbucks Community Resilience Fund is an expansion from a 2019 commitment the company made to invest $10 million in four CDFIs based in Chicago, the release noted.

Disaster Recovery 90

Disaster Recovery Small Business Finance Continuity 90

PYMNTS

NOVEMBER 25, 2020

In an effort to assist small business owners in Britian on a greater scale, small business accounting software company FreshBooks has teamed with Barclays to offer joint offerings to customers in the country. The news comes after FreshBooks teamed with Three UK, the telecom and mobile service firm, in 2019.

Accounts 94

Accounts Small Business NOV Payment Solutions 94

PYMNTS

SEPTEMBER 24, 2020

Turn the clock back a year and the world for small businesses was very different on the eve of the 2019 holiday-shopping season. According to Ingo’s data, only 37 percent of small businesses were citing cash flow as a major concern, down from more than 60 percent two years earlier.

Checks 105

Checks Small Business ISOs Point-of-Sale (POS) 105

PYMNTS

AUGUST 7, 2020

Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. based small business lending platform iwoca, which secured $131.45 also participated.

B2B 100

B2B FinTech Small Business Participant 100

PYMNTS

OCTOBER 4, 2020

Square Capital is the company's small business financing arm, providing loans from $300 up to $10,000, charging a single fee for loans. In the most recently reported quarter, Square stopped its small business financing in lieu of providing Paycheck Protection Program (PPP) loans. Revenues had surged to $1.3

Federal Reserve 92

Federal Reserve Small Business Adjustments Finance 92

The Fintech Times

MARCH 18, 2025

PayFuture , the payments technology platform connecting global businesses with emerging markets, has appointed Praful Morar as deputy CEO. Founded in 2019 by Manpreet Haer and Zaki Farooq , PayFuture has offices in London, Dubai, Malta, and the Philippines.

FinTech 59

FinTech Payment APIs and Integration Non-Bank APACS 59

PYMNTS

SEPTEMBER 21, 2019

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. “All these threats mean that businesses need to cast a wide ned and use a variety of tools to keep their businesses and their customers safe.”

Data Breach 80

Data Breach Breach Small Business Business Email Compromise 80

PYMNTS

SEPTEMBER 30, 2020

We believe demand by small businesses seeking access to unsecured capital will be at unprecedented levels because most businesses have already accessed the government-backed business loan programs in the U.K. In 2019, Capify netted a $96 million credit facility from Goldman Sachs.

Continuity 84

Continuity FinTech Small Business Governance 84

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14).

FinTech 75

FinTech Small Business Central Bank Social Security 75

PYMNTS

JUNE 19, 2019

Small business platform Xero has announced a partnership with Stripe to work on small business payments innovations. The companies will develop new tools that aim to help small businesses get paid faster in various ways while also gaining more visibility over their business performance.

Small Business 68

Small Business Payments Tools Payments Reconciliation 68

Fintech News

OCTOBER 2, 2024

South African digital bank, TymeBank , has surpassed the milestone of 10 million users just under six years after its launch in 2019. The bank, which is the first digital bank in Africa to reach profitability, now holds close to R7 billion (US$402.5

Small Business 117

Small Business FinTech AI Product 117

PYMNTS

NOVEMBER 10, 2020

Gareth Walsh , chief executive officer for SumUp Ireland, said small firms are the backbone of a strong economy and getting a license “during this critical time” amid the ongoing pandemic lets the firm continue “to empower those small businesses” and help them thrive. .

Central Bank 98

Central Bank FinTech Small Business Regulations 98

The Fintech Times

MARCH 7, 2025

Challenger and specialist banks share of gross lending is the highest on record, outperforming the UKs big five banks, according to a report from the British Business Bank. Less than promising Equity investment in 2024 was similar to both 2019 and 2020 levels, prior to the significant increase in activity that began during the pandemic.

Finance 59

Finance Credit Cards Small Business Continuity 59

PYMNTS

SEPTEMBER 3, 2019

. “Starling understands that many SMEs want to manage their banking online as well as through mobile applications and to support this, it will launch its web portal in Q3 2019,” Starling wrote In its update. “Construction of this portal is underway and on track for launch in September 2019.”

Online and Mobile Banking 68

Online and Mobile Banking Small Business Deposit Account Accounts 68

PYMNTS

DECEMBER 27, 2018

Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management. Read what he had to say below.

Small Business 76

Small Business Non-Bank Treasury On-Demand 76

The Finance Weekly

JUNE 22, 2022

Even before the pandemic, business was booming for FCFOs, as between 2019-2020 there was a , 27% increase in CFO resignations creating a CFO talent shortage that has only , gotten worse in 2020 and 2021. In addition, it will create a far more efficient process that will allow FCFOs to take on more customers and add value.

Automation 264

Automation Process On-Demand Audit 264

PYMNTS

NOVEMBER 26, 2019

Small businesses needing access to loans and senior citizens less inclined to adopt digital banks were affected the most by the loss of local financial services. . As a result, decreases in the presence of local institutions likely reduce the financial well being of these small businesses,” according to the report.

Federal Reserve 83

Federal Reserve Online and Mobile Banking Small Business Fed 83

PYMNTS

MAY 22, 2020

The self-employed might regret getting one of the Paycheck Protection Program (PPP) loans from the Small Business Administration (SBA). Under the terms of the CARES Act, businesses don’t have to repay the loan if they spent at least 75 percent of the proceeds on payroll and no more than 25 percent for other items.

Payroll 99

Payroll Small Business Laws Returns 99

PYMNTS

AUGUST 5, 2020

The app boasted 30 million users in June — that’s up from 26 million at the close of 2019. While there was growth in Cash App, Square remains heavily indexed to small businesses including cafes and eateries through the company’s payment terminals.

Tax Refunds 87

Tax Refunds Small Business Shutdown Venmo 87

PYMNTS

SEPTEMBER 8, 2020

Millions of consumers and small businesses have received government stimulus and small business assistance payments in response to the economic downturn caused by the coronavirus pandemic, while others are getting paid for freelance or contract work to help make ends meet. More than two-thirds of U.S.

Small Business 73

Small Business Instant Payments Venmo Direct Deposit 73

Finovate

FEBRUARY 2, 2024

Small business financial automation solutions provider BILL unveiled this week it has selected payments technology platform Adyen to offer advanced acquiring and issuing experiences for its accounts payable (AP) and accounts receivable (AR) solutions. .” Formerly known as Bill.com, the company rebranded to BILL in 2022.

Acquirers 98

Acquirers Embedded Payments Risk Management Small Business 98

PYMNTS

MARCH 15, 2019

Anxieties that automation will replace humans have waned in the accounting sector, as industry players begin to realize that technology can actually help accountants play a more important role for their small business (SMB) customers as advisors and guides, rather than replacing their roles outright. Tackling Tax. The CPA Steps In.

Accounts 77

Accounts Small Business Automation Enrollments 77

PYMNTS

APRIL 22, 2020

1, 2019, showing the full plaintext credit card number, the expiration date and the amount of money spent, along with a partial showing of the credit card number. And, more recently, the Small Business Administration may have left data for applicants for coronavirus -related loans exposed.

Credit Cards 97

Credit Cards Database Payments Processors 97

PYMNTS

JANUARY 6, 2020

where new research has found that fewer invoices were paid late to small businesses (SMBs) in 2019 than in 2018. based FinTech that positions itself as a provider of accounts receivable services to help small businesses recover revenue stuck in unpaid invoices. The good news stems from the U.K., In total, $44.5

FinTech 64

FinTech Small Business Payments B2B 64

PYMNTS

AUGUST 13, 2020

A 2019 LexisNexis study found that overall retail fraud attempts increased by two times year over year and three times since 2017. Our EMV 3DS solution enables small businesses to securely pivot and capitalize on the immense growth of remote commerce, while not sacrificing the end-user experience.”. Merchants pay $3.13

EMV 99

EMV Technology Authentication Visa 99

PYMNTS

FEBRUARY 27, 2019

The nation’s unique history and current economic challenges may actually present a prime moment for innovators in the small business (SMB) financial services (FinServ) space, particularly as the Fourth Industrial Revolution ushers in continued digitization across the globe — South Africa included.

Technology 76

Technology Small Business Financial Literacy Innovation 76

PYMNTS

JANUARY 24, 2020

bank BankUnited says restaurant debt in its small business loan portfolios is showing signs of stress, and is blaming food delivery apps like Uber Eats for the problem. Lenders including First Financial Bankcorp, Cadence Bancorp and Equity Bancshares have all raised concerns about restaurant bankruptcies in 2019, the publication said.

Small Business 67

Small Business Commercial Card On-Demand Continuity 67