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Over 200 submissions were received across six categories, with 175 entries in the corporate categories and 29 in the individual Fintech Mentor Award category. Each day, approximately 500 micro and small business owners use their app to apply/request for a business loan. Four finalists were shortlisted in each category.
This approach has enabled CapBay to provide over MYR 3 billion (US$643 million) in financing to more than 1,700 underserved SMEs across 20 diverse industries. The company offers innovative digital financial services aimed at empowering local and regional micro, small, and medium enterprises (MSMEs).
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. In its Q3’19 10-Q, Square said Capital had originated 85,000 loans totaling $563M, up 38% year-over-year. Source: Square. Business lending & corporate cards.
Industry proponents have been making the case for telehealth for years, pointing to its potential to lower costs, ease pressure on overextended healthcare systems, and make care more accessible in rural and underserved areas. These entry points give cyberoffenders more room to find susceptible targets. Source: Recorded Future.
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