PYMNTS
SEPTEMBER 29, 2020
And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In Overall, Marco Financial has noted, banks reject 50 percent of small- to medium-sized business (SMB) financing applicants.
PYMNTS
MARCH 23, 2020
After a long period of pulling back, lenders are finally beginning to find value in financing small- and medium-sized businesses (SMBs). But after years of finding SMBs too unprofitable to finance, lenders have to play catch-up to develop better underwriting processes for greater accuracy and efficiency. “For the U.S.,
The Fintech Times
APRIL 15, 2024
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe.
PYMNTS
JUNE 26, 2020
Some startups focused on data aggregation to expand underwriting capabilities, while others operate platforms to facilitate financing. The company aims to expand the sources of data from which financial services providers can pull for underwriting and other services. Aye Finance. Pipe Technologies.
PYMNTS
MARCH 10, 2020
Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack. Mathur emphasized that an augmented data collection approach can do more than simply connect SMBs to capital when they cannot access bank financing.
PYMNTS
SEPTEMBER 21, 2020
Decades ago, asset-based finance developed a nasty reputation. As a financing tool that requires business owners to place valuable assets — whether working capital or physical — up for collateral, asset-based financing (ABF) was often viewed as a solution to a dire problem when no other options were available.
Finezza
APRIL 23, 2024
Accounts receivable financing or debt factoring is a common business financing practice. Factoring […] The post Mitigating Risk in Debt Factoring: Underwriting Best Practices appeared first on Finezza Blog. Businesses can sell their accounts receivable to a third party, called a factor, at a discount.
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