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HSBC Supports Funding Societies With Third Credit Facility to Support APAC Businesses

The Fintech Times

Southeast Asian digital finance platform for micro, small and medium enterprises (MSMEs), Funding Societies , has signed its third credit facility with HSBC under its ASEAN Growth Fund. Furthermore, the region still has a $2.5trillion credit access gap, making up over half of the global shortfall in small business financing.

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Micro-Businesses? Major Role In SMB Banking Disruption

PYMNTS

Solopreneur, independent contractor, freelancer, gig worker – regardless of the name, micro-business owners can largely agree that, when it comes to traditional banking, they’re often left out in the cold. “I think we can all agree that small businesses are at the epicenter of our economy. .

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Business lending and corporate cards. Growing the internet economy. Atlas reduces barriers to new business creation. Sigma aims to streamline business operations. In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance.

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13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

The company provides flexible capital access to small and medium-sized enterprises (SMEs) with competitive interest rates and flexible options in loan tenors, payment models, and collateral participation. Akseleran connects small businesses in need of loans with groups of diverse lenders to secure necessary funding.

FinTech 120
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Historically, market downturns have triggered a rise in demand for graduate-level programs as young professionals seek to avoid a harsh job market and look for ways to augment their skills while the economy stabilizes. The small business sector has also seen an increase in adoption of contactless options.

Posting 101
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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Today, Amazon has expanded its business lending to the US and UK. Amazon Lending initially launched in 2011 to help small businesses finance and sell more goods on Amazon. Its first entry point in the market was in payments in October 2014. In consumer, Amazon offers lending in the US in the form of partner cards.

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Sleepless In 2017: The Eight Big Shifts That Should Keep FIs, Retailers and Payments Execs Up At Night

PYMNTS

Online lenders give consumers and small business loans new outlets and options to borrow money – in some cases refinancing the loans that banks initially extended to them and sapping that fee income from traditional lenders. In developed economies, messaging is used today for — messaging. Commerce Gets Conversational.