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

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 59

Visa Payment APIs and Integration Gateways B2B 59

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

PYMNTS

MARCH 1, 2019

Credit report company Equifax is extending its partnership with the Small Business Financial Exchange (SBFE), the firm said in a press release Thursday (Feb. The platform is built to allow small business borrowers to understand their credit performance and use that information to extend payment terms throughout their supply chains.

Small Business 47

Small Business Identity Theft Breach Data Breach 47

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

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 Participant Small Business 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

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

NOVEMBER 24, 2020

This week's look at the latest in bank-FinTech collaborations explores how a range of banks is turning to partners and API connectivity to enhance small business services, from lending to payments. He added that Visa's banking clients will be able to enhance their own small business services as a result of the partnership.

Payment APIs and Integration 60

Payment APIs and Integration Small Business API Underwriting 60

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

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

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 Value Added Service 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 Risk Mitigation Underwriting 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

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

PYMNTS

APRIL 14, 2020

To roll out a completely managed small business lending offering that digitizes the end-to-end loan life cycle, application development technology firm Unqork has teamed with Deloitte. Ramadi continued, “This lending service addresses these inefficiencies by quickly getting small businesses the economic relief they need.”.

Small Business 64

Small Business Underwriting Consulting Volume 64

PYMNTS

OCTOBER 23, 2019

Small business lending platform Biz2Credit is collaborating with consulting firm Infosys to expand its white label small business lending-as-a-service solution to more financial institutions. In a press release issued Tuesday (Oct.

Payment APIs and Integration 41

Payment APIs and Integration Small Business Underwriting Consulting 41

PYMNTS

MAY 10, 2018

The initiatives are far-flung and varied, but each is marked by a common thread of serving small business needs as both the lenders and the borrowers seek growth. Credibility’s excellent borrower sourcing capabilities and underwriting platform will help us grow efficiently.

FinTech 49

FinTech B2B Small Business Central Bank 49

PYMNTS

JULY 23, 2019

PYMNTS research estimates businesses across industry and sizes are owed $3.1 trillion on any given day as more businesses deploy a “buy now, pay later” strategy when procuring and buying from other businesses. Indeed, sluggish B2B payments can be felt the world over. In the U.S., The firm, which announced a $33.6

Payments 58

Payments Point-of-Sale (POS) Small Business Payer 58

PYMNTS

MARCH 28, 2019

FinTech Fundbox said on Thursday (March 28) that it is expanding its partnership with Synchrony , the consumer financial services company, to make B2B credit available to the latter’s merchant client base. In addition, funding can be available as soon as the next business day. That’s equivalent to several percentage points of U.S.

B2B 52

B2B Underwriting Small Business Finance 52

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. ” Research released earlier this year from PayNet found that small business lending picked up compared to last year, which Phelan attributed to a strong economy.

Community Banks 53

Community Banks Small Business Risk Assessment Underwriting 53

PYMNTS

DECEMBER 21, 2020

Additionally, she said she sees the solution as a new financing tool for small- to medium-sized businesses ( SMBs ). “We We see it as a new way for small businesses to use and benefit from their commercial card, by enabling small businesses to use their card as a financing tool, similar to having a loan in your pocket,” Ramsay said.

Commercial Card 70

Commercial Card Cross-Border Payments Cross-Border B2B 70

PYMNTS

AUGUST 26, 2016

The purpose of a bank is to meet this need,” said Ramamurthi, and yet, the documentation and the underwriting process can be unwieldy. For a small business, which can make hundreds of transactions per month, said Ramamurthi, the cash cycle can be burdened by the use of paper checks (still a hallmark of vendor payments).

B2B 41

B2B Direct Deposit Small Business Reconciliation 41

PYMNTS

AUGUST 7, 2020

Lots of firms that jumped into the underwriting game over the past decade of economic growth are finding out these days that collecting the money isn’t a joke at all. The good news for Fundbox as an underwriter of small business loans is that the firm managed to avoid falling into that trap in recent years.

Innovation 99

Innovation Underwriting B2C FinTech 99

PYMNTS

JULY 31, 2019

The merchant cash advance is considered the payday loan for many in the small business lending market — and that’s not necessarily a good thing. That bank connectivity allows a company like MO to deploy a different tactic in loan underwriting and risk mitigation, Shidfar explained. Regulators have taken note.

Federal Trade Commission 65

Federal Trade Commission Small Business Underwriting Risk Mitigation 65