PYMNTS

JANUARY 25, 2019

Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. CapX noted that Moody’s Analytics’ tool addresses the pain point of lack of access to historical data on small businesses seeking financing.

Underwriting 43

Underwriting Small Business Risk Mitigation Underserved 43

PYMNTS

OCTOBER 3, 2019

In response, FIs are prioritizing credit assessment, underwriting and borrower verification processes, and finding that technology can be instrumental in bolstering their fraud mitigation strategies. Identity spoofing, meanwhile, has increased 20 percent.

Small Business 63

Small Business Credit Union Mitigation Account Takeovers 63

PYMNTS

OCTOBER 19, 2020

Although the COVID era continues to have an outsized impact on small businesses, frontline lending experts say SMBs have recently begun to catch a break when it comes to getting loans through FinTechs and other non-bank lenders. And the cost of underwriting a large borrower vs. a small SME was virtually the same.”.

AI 120

AI B2B Underwriting Non-Bank 120

PYMNTS

NOVEMBER 28, 2018

B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB). With checks still so heavily in play, small businesses must not only wait to receive a check, but banks often enact a holding period that forces a company to wait even longer to see the funds they’ve been paid.

B2B 67

B2B Small Business Checks Payments 67

PYMNTS

MAY 22, 2019

Moody’s Corporation is partnering with the Foundation for Small Business Development (FFSBD) to connect small businesses with cash flow forecasting solutions and other financial resources. “Effective cash flow management is essential for every small business in the U.S.,”

Small Business 40

Small Business Advisors Financial Inclusion Underwriting 40

Finovate

JANUARY 16, 2024

B2B payments and invoicing network TreviPay launched its Universal Acceptance solution. Courtesy of a partnership with Mastercard , B2B payments and invoicing network TreviPay launched its Universal Acceptance solution this week. In August, the company introduced its support for cross-currency, B2B sales.

Visa 58

Visa Payment APIs and Integration Gateways B2B 58

PYMNTS

OCTOBER 21, 2019

Accounting platforms are increasingly positioning themselves at the center of the small business ecosystem,” he said, adding that this evolution “makes a lot of sense” with many companies considering the accounting portal the “single source of truth” for company finances. feel like a second job.”. Expanding Open Banking’s Horizons.

Small Business 40

Small Business Payment APIs and Integration Underwriting Value Added Service 40

PYMNTS

JULY 26, 2019

But a closer look at the rest of the B2B funding market shows investors turned to FinTechs helping small businesses grow and operate across borders, with FX, cross-border payment, and trade finance solutions securing new funding. Enabling its business and bank clients to facilitate global B2B payments, VertoFX raised $2.1

B2B 62

B2B Cross-Border Payments Cross-Border Payroll 62

PYMNTS

JULY 3, 2018

The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. They never ask what your business is worth.”

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

PYMNTS

AUGUST 24, 2018

There are ways, however, that traditional financial institutions (FIs) still beat out alternative players, especially when it comes to the relationship between small business (SMB) owners and financial service providers. “It’s cool for us, because we have a better choice of who we get to work with in terms of customers.

Small Business 40

Small Business Federal Reserve Underwriting Finance 40

PYMNTS

APRIL 2, 2018

Quarles, the Federal Reserve’s vice chairman for supervision, recently spoke at the HOPE Global Forums Annual Meeting to reflect on the changes endured by the nation’s small business lending market, according to reports on Friday (March 30) in JD Supra. Business owners can receive funds in a couple of days or even hours.”.

Small Business 40

Small Business Fed Financial Inclusion Underwriting 40

PYMNTS

MARCH 29, 2019

Equity investments reigned this week, thanks to backing for accounts payable (AP) automation firm MineralTree and treasury management company Kyriba , but it was the logistics market that saw the largest venture capital round — and secured another unicorn for the B2B startup space. MineralTree. Sayata Labs.

B2B 53

B2B Treasury Small Business Cybersecurity 53

PYMNTS

NOVEMBER 15, 2018

As the peaks and valleys of blockchain hype continue to rise and fall, more doubt has surfaced over the future of distributed ledger technology, particularly in the area of B2B payments. Analysts point to the challenges associated with adoption and implementation of blockchain-powered B2B payment solutions as a key hurdle for the technology.

B2B 74

B2B Blockchain Risk Assessment Payments 74

PYMNTS

OCTOBER 4, 2019

More than $874 million in fresh funding landed at B2B startups this week across a range of market segments and geographies. based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. See all of the latest B2B fundraises below. SaaSOptics.

B2B 51

B2B Payment APIs and Integration Small Business Participant 51

PYMNTS

SEPTEMBER 7, 2018

There are some B2B FinTech segments that are mainstays with investors. Companies like alternative small business (SMB) lenders or accounting solutions providers, for instance, remain popular investment targets. This week, though, investors revealed their appetite for B2B FinTech firms that can multitask.

B2B 43

B2B FinTech Point-of-Sale (POS) Small Business 43

PYMNTS

NOVEMBER 22, 2019

However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. Finland’s Enfuce announced more than $11 million in new funding for its B2B financial services offerings, with Maki.vc leading the investment.

B2B 43

B2B FinTech Cross-Border Payments Payroll 43

PYMNTS

JANUARY 2, 2020

Trust in B2B eCommerce is critical for both buyer and suppliers, and as more businesses demand to conduct trade online, B2B eCommerce platforms like Alibaba are positioning themselves as facilitators of this buyer-supplier trust. In a recent survey of 1,000 small businesses in the U.S., Supplier Payment Security.

B2B 48

B2B Cross-Border Small Business Mitigation 48

PYMNTS

SEPTEMBER 22, 2020

This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expense management. Acumatica Links Its ERP Into Bank Data.

Use Case 110

Use Case Payment APIs and Integration Credit Union FinTech 110

PYMNTS

NOVEMBER 30, 2017

This year, Black Friday , Small Business Saturday and Cyber Monday all raised the bar on holiday shopping levels. Tis the season for a surge in spending, especially at small businesses (SMBs). For some businesses, seasonal shifts simply mean winter in the U.S. coincides with a dip in sales and a cash flow crunch.

Small Business 40

Small Business Processors Point-of-Sale (POS) On-Demand 40

PYMNTS

APRIL 8, 2020

Small businesses overwhelmed U.S. It was a shaky start for the initiative that was designed to ease the pain of the coronavirus pandemic, with small businesses expressing frustration at the “ nightmare ” process of attempting to access a portion of the $349 billion available under the legislation. billion in applications.

FinTech 98

FinTech Small Business Credit Union Payroll 98

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Bectran Augments Cash Application With API. Jack Henry Links FIs to AR Finance Offering.

Payment APIs and Integration 77

Payment APIs and Integration API Small Business Underwriting 77

PYMNTS

APRIL 16, 2018

India’s YES BANK is tapping into tax data to expand small business (SMB) lending. Reports in MENAFN on Friday (April 13) said the company plans to offer loans to micro, small and medium-sized businesses based on their Goods and Services Tax (GST) returns. Singapore, Germany and Hong Kong.

Returns 43

Returns Underwriting Cross-Border Payments Cross-Border 43

PYMNTS

APRIL 6, 2018

On the surface, investors were quite varied this week when it came to backing B2B startups. From using AI to enhance eProcurement processes to deploying AI-powered robots in warehouses, the B2B startups that integrate the technology into their own offering impressed backers this week. PYMNTS breaks down the deals below. eProcurement.

B2B 46

B2B Payment APIs and Integration Cybersecurity AI 46

PYMNTS

JUNE 27, 2016

While last week was a fairly impressive week for B2B venture capital, investors swooped in on their dark horses to give an extra bump to B2B financial services startups. Apruve provides financial management solutions for small businesses that operate in the B2B eCommerce space.

B2B 41

B2B FinTech Underwriting Database 41

PYMNTS

APRIL 2, 2020

has abruptly cut off credit to small business customers. Georgia-based Kabbage claims it has provided small business borrowers with over $9 billion in loans as of its 2009 establishment. The company has furloughed workers as it deals with decreased spending at small companies. Lenders such as Fundbox Inc.

Small Business 78

Small Business Underwriting Adjustments Economy 78

CB Insights

MAY 4, 2018

The small commercial insurance market makes up about one-third of the total commercial lines market in the US, generating around $100B in direct written premiums. By 2020, 15% — 30% of all small business insurance will be sold digitally, according to Morgan Stanley. Note: CB Insights users can access this search here.).

Small Business 36

Small Business Underwriting Agreements Continuity 36

PYMNTS

DECEMBER 12, 2019

billion, including the underwriters’ option,” according to Reuters. He used his own experience as a co-founder of PayCycle and as part of the small business group at Intuit to boost that point. Why are smaller businesses so slow to adopt digital back-office and payments process? percent to $7.3 Moving From Cash.

B2B 52

B2B Cross-Border Payments Cross-Border Payments 52

PYMNTS

JANUARY 3, 2020

Yet, the vast majority of small firms in India remain underbanked, according to SOLV CEO Nitin Mittal, who recently told PYMNTS that opportunities to drive B2B eCommerce in India are not only vast, but open doors to support digitization and financial inclusion for SMBs. Addressing The Digitization Gap. Alternative Financial Data.

Financial Inclusion 48

Financial Inclusion On-Demand FinTech Small Business 48

PYMNTS

SEPTEMBER 7, 2018

Investors this week placed more than $447 million in B2B FinTech startups, with the biggest investment rounds landing at companies that address more than one point of friction. One startup, Colombia’s Portal Finance, also signals investors’ appetites for multitasking B2B FinTech startups. million.

Finance 46

Finance Underwriting Risk Mitigation B2B 46

PYMNTS

JANUARY 8, 2021

There's no doubt that the small business community is facing a period of immense tribulation. In addition to navigating forced shutdowns and supply chain disruptions, business owners are now tasked with making some difficult decisions about how to keep their business alive, or whether to throw in the towel.

Finance 92

Finance Small Business Credit Union Shutdown 92

PYMNTS

JANUARY 5, 2021

Longtime small business microlender Opportunity Fund is teaming up with a trio of credit unions (CUs) as part of the nonprofit’s bid to invest $1 billion in “marginalized businesses” across the country over the next two years. The San Jose-based community development financial institution, or CDFI, on Tuesday (Jan.

Credit Union 79

Credit Union Small Business Underserved Agreements 79

PYMNTS

AUGUST 12, 2016

This week, venture capital for B2B startups is all about quality — not quantity. For instance, the week saw a rare investment round for a company dedicated to improving B2B payments processes and with a unique perspective on the downfalls of virtual card payments. million in B2B venture capital from the last seven days below.

B2B 40

B2B Participant Underwriting Payroll 40

PYMNTS

JULY 1, 2019

Credit and data analytics firm PayNet is launching an automated reporting solution for lenders to more seamlessly collect and analyze financial information on small business (SMB) borrowers. On average, the company said, credit underwriting can take as long as 30 days to complete. Main Street companies are starving for capital.

Automation 55

Automation Underwriting Small Business Encryption 55

PYMNTS

APRIL 9, 2020

The demand for Small Business Administration (SBA) loans has led the Federal Reserve to consider allowing non-bank lenders to speed distribution of $350 billion in loans through the coronavirus crisis, Reuters reported. The daily demand for loans has been more than the SBA typically processes in a year. trillion in loans. “Our

Federal Reserve 70

Federal Reserve Fed FinTech Small Business 70

PYMNTS

APRIL 9, 2020

Oliver Kidd, chief executive officer at commercial card FinTech Archa , recently told PYMNTS that outdated application processes are a major turnoff for small businesses seeking credit and payments capabilities in the form of a corporate card, with significant negative consequences. ” Legacy Processes. ” Legacy Processes.

Commercial Card 60

Commercial Card Small Business Credit Cards Underwriting 60

PYMNTS

AUGUST 12, 2020

As service providers in the business of disasters and disruptions, insurance companies have had a front-row seat to the ways the pandemic has affected their small business policyholders. But as Pogreb highlighted, small businesses also have an opportunity to change the way they interact with their insurance providers, too.

Small Business 91

Small Business Underwriting Direct Deposit Shutdown 91

PYMNTS

DECEMBER 19, 2019

Insurance may not be the most flashy or exciting of industries, but its continued reliance on paper and inefficient underwriting processes makes the market a prime target for technology disruptors. “Business insurance is complicated,” O’Connell said. For small businesses, that means less time filling out paperwork.

Small Business 52

Small Business Underwriting Process On-Demand 52