September 26, 2023 @ 3:41 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) has issued a statement hammering the Federal Trade Commission (FTC) and its legal assault on Amazon. Earlier today, the FTC sued Amazon for “illegally maintaining monopoly power.” The FTC claims that  Amazon has pursued a “pattern of… Read More

 Tagged amazon, federal trade commission, ftc, karen kerrigan, lina khan, ray keating, sbe council, small business and entrepreneurship council

September 26, 2023 @ 3:06 pm By Omar Faridi  |  

Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced the findings of its 6th annual Business Barometer ― an in-depth study of the mood, mindset, and strategic priorities “of 1,250 leaders of small and midsize businesses across the U.S.” Business leaders… Read More

 Tagged research, Research Report, Research Study, small businesses, smbs, sme's, umpqua bank, united states, us

September 26, 2023 @ 11:08 am By JD Alois  |  

Fintech-focused venture capital firm Luge Capital is reporting it has raised $71 million for its second fund to invest in Fintechs in both the US and Canada. Fund investors include returning investors CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), Fonds de solidarité FTQ, and new investor Inovia Discovery Fund I. Founded… Read More

 Tagged david nault, luge capital, vc, venture capital

September 26, 2023 @ 10:44 am By Omar Faridi  |  

Assemble users can now view Carta Total Compensation benchmarking data and cap table information within the Assemble platform, making it easier to “build a startup compensation strategy.” In the past, Assemble customers had “to log in to Carta separately to access Total Comp or their… Read More

 Tagged carta, data, startups

September 26, 2023 @ 10:40 am By JD Alois  |  

Online business lender service Biz2X has partnered with TAB Bank, a Utah-based digital ban that targets SMEs. Biz2X is a subsidiary of Biz2Credit Inc., an online direct lender. Rick Bozzelli, President and CEO of TAB Bank, said the partnership will help them streamline their business lending… Read More

 Tagged biz2credit, biz2x, rohit arora, tab bank

September 26, 2023 @ 9:14 am By JD Alois  |  

Mangopay, a very successful European Fintech, has revealed a partnership with publicly traded VTEX (NYSE: VTEX), according to a company statement. VTEX is a digital commerce platform that serves big companies with more than 2600 customers. Mangopay is a payments infrastructure firm that has garnered… Read More

 Tagged france, luke trayfoot, mangopay, payments

September 26, 2023 @ 8:40 am By Omar Faridi  |  

Standard Life, part of Phoenix Group, which claims to be the UK’s largest long-term savings and retirement business, has partnered with Moneyhub, the Open Banking and Open Finance platform, to deliver its pensions dashboard. This marks the first UK provider to commit to offering a… Read More

 Tagged europe, moneyhub, open banking, open finance, pensions, phoenix group, retirement, savings, standard life, uk, united kingdom

September 25, 2023 @ 9:42 pm By JD Alois  |  

Nubank (NYSE:NU) says it has received a significant increase in the A/B loan provided by the International Finance Corporation (IFC) – part of the World Bank. Previously, the IFC had committed $150 million. Today, the amount has jumped to $265.1 million which should help fuel… Read More

 Tagged colombia, david vêlez, nu, nubank

September 25, 2023 @ 3:35 pm By Omar Faridi  |  

Every company that moves money is keeping a close eye on FedNow, the team at Plaid notes in a blog post. Plaid explains that firms expect instant payments for every use case, but the reality is “that the market isn’t quite there yet.” However, there… Read More

 Tagged fednow, financial services, fintech adoption, fintech trends, instant payments, plaid, real-time payments

September 25, 2023 @ 2:43 pm By Omar Faridi  |  

DailyPay, a Fintech focused on earned wage access, and a member of Oracle Partner Network (OPN), announced it is available on Oracle Cloud Marketplace and can be integrated with Oracle Fusion Cloud Human Capital Management (HCM). Oracle Cloud Marketplace is described as “a centralized repository… Read More

 Tagged cloud, dailypay, earned wage access, ewa, financial services, fintech adoption, fintech trends, integration, kevin coop, on-demand pay, oracle, payments, virtual payments