Electronic Transactions Association

FEBRUARY 22, 2023

The report, Advancing Economic Inclusion—Empowering Underserved Communities with Fintech , highlights the innovative products and services revolutionizing the way commerce is conducted through safe, secure, convenient, and rewarding solutions.

Underserved 40

Underserved Financial Literacy Online and Mobile Banking FinTech 40

PYMNTS

MARCH 27, 2020

companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. California’s Pathlight announced a $7 million Series A funding round this week for its B2B technology that enables businesses to streamline day-to-day team management operations.

FinTech 72

FinTech Cross-Border Small Business Credit Cards 72

Faster Payments Council

APRIL 29, 2021

"It is really critical to think about how we, as an ecosystem, can come together and drive the right financial services for unserved and underserved consumers and small businesses." Many underserved are being served with alternative banking means, which are arguably more expensive than they would be through the banking system.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Financial Literacy 68

PYMNTS

MARCH 10, 2020

The bank has its sights set on small businesses, startups and freelancers. The funding round was led by Battery Ventures and both Redpoint Ventures and Tom Williams participated. NorthOne, which has an API-enabled platform, says it was built specifically for small businesses, from the ground up. are less prevalent.

Small Business 54

Small Business Payment APIs and Integration Underserved ATM 54

PYMNTS

DECEMBER 18, 2019

Hourly — a FinTech startup that helps with workers’ comp insurance, time-tracking and payroll for small businesses — has raised $7.15 “Tom, with his sharp business acumen, and Shay, with his strong technology background, have come together to solve this problem in a way that is transforming the industry.

Payroll 60

Payroll Small Business Underserved Participant 60

PYMNTS

AUGUST 7, 2019

Increasingly, FinTechs are targeting corporate and small business banking friction, and exploring how open banking frameworks — including the use of application programming interfaces (APIs) and collaboration with traditional financial institutions — can achieve the disruption they’re looking for. For instance, in the U.K.,

Office of the Comptroller of the Currency 72

Office of the Comptroller of the Currency Payment APIs and Integration Federal Reserve Small Business 72

PYMNTS

APRIL 26, 2018

In a press release , Mastercard said that updating the agreement inked in 2015 will help financial companies in developing countries participate in the Mastercard network through an IFC program. Mastercard said the new agreement will support a “major” expansion of the program to more participating banks and financial institutions.

Visa 48

Visa Digital Payments Underserved Agreements 48

PYMNTS

SEPTEMBER 18, 2020

Stem’s target client base, said Rabkin Lewis, consists of “not just the artists, but also their management teams, the labels that work with and all the various collaborators, songwriters, producers … all of them are part of a population of creators that we see as being underserved by financial tools and technologies.”.

Digital Payments 125

Digital Payments Payments Venmo Underserved 125

PYMNTS

DECEMBER 6, 2019

This week saw B2B FinTechs targeting a range of pain points for business customers around the world, as investors put nearly $462 million in combined funding into the space. Osome aims to help its business clients migrate away from paper by providing reporting technology that mixes AI with human expertise. From Singapore to the U.K.,

On-Demand 53

On-Demand Payroll B2B FinTech 53

Fintech News

DECEMBER 4, 2024

Source: Unsplash Small and medium enterprises are also getting in on the action. Fintech companies offering APIs and open banking standards have democratised access, allowing even small businesses to embed financial services without building them from scratch. What’s Next? Financial inclusion will remain a key focus.

Embedded Finance 93

Embedded Finance Finance Payment APIs and Integration BNPL 93

PYMNTS

MARCH 15, 2019

Investors targeted the alternative small business lending market, particularly in the trade finance arena, but it was the human resources management and talent retention space that saw the largest investment round of the week. million for its small business trade finance and lending platform, too. CreditDigital.

B2B 57

B2B Small Business Finance Payroll 57

PYMNTS

JUNE 11, 2019

Until recently, these changes rarely impacted the small business (SMB) financial services (FinServ) sphere: Among the biggest challenges for entrepreneurs is accessing bank services that are smaller than enterprise-level offerings, yet more tailored to their needs than consumer-sized options.

Office of the Comptroller of the Currency 60

Office of the Comptroller of the Currency Small Business Payment APIs and Integration Third-Party Service Provider 60

PYMNTS

DECEMBER 11, 2019

Qwil, a company that gives loans to small businesses and freelancers, has received $24.4 Mosaik Partners, Reciprocal Ventures, Silicon Valley Bank, Cantos, Sam Hodges and Prosper President Emeritus Ron Suber all participated in the round. CEO Johnny Reinsch co-founded the company in 2015.

Underserved 52

Underserved Small Business On-Demand Participant 52

PYMNTS

DECEMBER 11, 2019

Qwil, a company that gives loans to small businesses and freelancers, has received $24.4 Mosaik Partners, Reciprocal Ventures, Silicon Valley Bank, Cantos, Sam Hodges and Prosper President Emeritus Ron Suber all participated in the round. CEO Johnny Reinsch co-founded the company in 2015.

Underserved 52

Underserved Small Business On-Demand Participant 52

CB Insights

AUGUST 26, 2021

Konfio , for instance, provides business credit and lending. Human Interest offers affordable and transparent 401K plans for small- and medium-sized business (SMB) employers. Clearco provides growth capital for small businesses. Our Business Social Graph below includes all equity investments since 2018.

Online and Mobile Banking 94

Online and Mobile Banking Participant AI Automation 94

PYMNTS

AUGUST 12, 2019

Existing investors Fullerton Financial Holdings, Bertelsmann India Investments and India Quotient participated in the round. Lendingkart offers loans to micro, small and medium-sized enterprises, issuing more than 60,000 loans to more than 55,000 SMBs in 1,300 cities across India so far.

Underserved 43

Underserved Small Business Participant B2B 43

PYMNTS

SEPTEMBER 17, 2019

France’s FairMoney , a small business and consumer micro-lending technology company operating in Nigeria, has announced $11 million in venture capital funding. 16) said its Series A round was led by Flourish, a venture of The Omidyar Group, while DST Global and existing backers Newfund, Speedinvest and Le Studio VC also participated.

Financial Inclusion 46

Financial Inclusion Underserved Small Business Underwriting 46

PYMNTS

MARCH 28, 2019

The funding also had participation from Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures following their initial investments in the company’s seed round. Through this follow-on round of financing and the business opportunities that Alibaba Group has facilitated, we have confidence in the future success of Qupital.”.

Cross-Border 49

Cross-Border FinTech Risk Management Underserved 49

Fintech News

OCTOBER 28, 2024

The APIs has not only helped platform partners unlock new revenue opportunities, more importantly, it has allowed ANEXT Bank to engage and enable the ecosystem of partners to accelerate and scale financial inclusion for unserved and underserved MSMEs. To date, the solution has disbursed $16.5 million in loans.

AI 80

AI FinTech Innovation Payment APIs and Integration 80

PYMNTS

FEBRUARY 10, 2017

The VC units of Citi and Amex both participated in the investment, reports said this week, with a big show of support for Plaid’s API that connects FinTech developers to bank accounts to gain access to transaction data, as well as to authentication solutions to help them prevent fraud.

B2B 51

B2B FinTech Cybersecurity Small Business 51

Fintech News

DECEMBER 12, 2024

In these models, banks lend funds to intermediaries like fintech companies or non-banking financial companies (NBFCs), which then provide loans to underserved sectors such as agriculture, small businesses and affordable housing.

FinTech 52

FinTech Embedded Finance Payment APIs and Integration NOV 52

PYMNTS

JULY 14, 2017

The fund aims to focus on cross-border FinTech startups run by Latinos, it said; the second startup it financed was Listo, a B2C financial services firm that similarly focuses on the underserved Latino community in the U.S. The company added that Catamaran Ventures also participated in the investment. and other global markets.

Cybersecurity 53

Cybersecurity B2B FinTech Cash Management 53

Fintech News

DECEMBER 20, 2023

Recognizing their importance, efforts are underway in Singapore to address the challenges faced by these small businesses, including lack of scale, connectivity, and financing. This year’s event drew a record of 66,000 participants from 150 countries and regions and attracted a line-up of over 970 speakers. and advancing talent.

FinTech 85

FinTech Cross-Border CBDC Web 3.0 85

PYMNTS

MAY 23, 2016

One pocket of online lending that perhaps has been flying under the radar focuses on the smallest businesses, with no real paper trail. New Business Funders (NBF), which launched mid-month, is offering unsecured credit lines to those as-yet-untested businesses.

Small Business 41

Small Business Accreditation Returns Underserved 41

PYMNTS

APRIL 14, 2017

The company announced this week it raised $2 million in seed funding led by Wireframe Ventures — BBG Ventures, Early Impact Ventures, Impact Engine and angel investors also participated, according to reports. Microsoft Ventures led the round, while Hewlett Packard Enterprise and Singtel Innov8 also participated, according to reports.

B2B 43

B2B FinTech Participant Small Business 43

CB Insights

FEBRUARY 13, 2020

Now both companies have moved beyond payments and built new businesses that serve a range of needs for small businesses. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations. Source: Square. Source: Stripe. focus on developers.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

CB Insights

OCTOBER 10, 2018

What these startups share is the goal of creating customer-centric banking products that target underserved individuals and businesses. Digital banking adoption among consumers and small businesses (SMBs) is at an inflection point. In December 2017, Amazon’s Alexa Fund participated in its $16M Series A.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

Fintech News

MARCH 26, 2024

It operates with the goal of building a credit ladder for the underserved population in India, aiming to serve over 550 million individuals. #9 21 Aspire (Singapore) Aspire provides an all-in-one finance platform for over 15,000 startups and small businesses.

FinTech 81

FinTech APACS Payment APIs and Integration Multi-Currency 81

Clearly Payments

FEBRUARY 12, 2024

High interchange fees can eat into merchants’ profit margins, particularly for small businesses with tight budgets. As dominant players, Visa and Mastercard have significant control over interchange fee rates , which can impact merchants’ costs for processing card transactions.

Visa 88

Visa Payments Payment Networks Online and Mobile Banking 88

PYMNTS

FEBRUARY 16, 2018

Amid the talk of filling in the small business (SMB) financing gap banks have left since the financial crisis, the rush of FinTechs, alternative and marketplace lenders coming to market may have left another business segment behind: the middle market, particularly the lower middle market.

Underwriting 40

Underwriting Small Business Process Automation 40

PYMNTS

JUNE 15, 2018

million from Iris Capital, while existing backers 360 Capital Partners and Breega also participated. Exotic Solutions offers eCommerce businesses its Skypods robots, using automation to transport products in warehouses to human operators. Based in France, Exotic Solutions provides warehouse services with its robotics technology.

Cybersecurity 40

Cybersecurity B2B Non-Bank Finance 40

The Fintech Times

FEBRUARY 19, 2024

Businesses navigating a new landscape Large and small businesses are adapting quickly to the cashless paradigm, accelerated by COVID-19. Digital payment solutions can reach remote and underserved populations, providing them access to financial services.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

PYMNTS

MAY 27, 2016

The funding was led by Accion Frontier Inclusion Fund, with participation from Quona Capital, QED Investors, Kaszek Ventures and Jaguar Ventures, reports said. The Series A funding round also saw participation from Celebes Capital, NTT DOCOMO Ventures, Nullabor, Tuas Capital Partners and Anfield Equities, reports said.

Online and Mobile Banking 40

Online and Mobile Banking B2B Payment APIs and Integration Credential 40

CB Insights

JUNE 17, 2020

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. The small business sector has also seen an increase in adoption of contactless options.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

Fintech News

JULY 23, 2024

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 109

FinTech Online and Mobile Banking Multi-Currency Non-Bank 109

PYMNTS

MARCH 10, 2016

“With Square Reader in Australia, we’re empowering local sellers with the tools they need to start, run and grow their businesses. This is an important step for our company and an exciting moment for a market so committed to innovation and an entrepreneurial small business community,“ said Jack Dorsey, CEO of Square.

Online and Mobile Banking 41

Online and Mobile Banking EMV P2P Mobile Deposit 41

PYMNTS

JANUARY 8, 2021

Small Business Administration (SBA) outlined the new program’s parameters through interim final rules on the “ Paycheck Protection Program as Amended ” and the “ Paycheck Protection Program Second Draw Loans.”.

Small Business 82

Small Business Rules Payroll Underserved 82