Tagged: inflation

Biz2Credit Analyzes Inflation’s Impact on Small Businesses

Biz2Credit, an online funding provider to small businesses, announced the findings of its Small Business Inflation Study that “analyzed the revenues and expenditures of more than 140,000 U.S. small businesses from January 2019 to October 2022.” The Biz2Credit Small Business Inflation Study identified three distinct… Read More

Consumer Spending Survey: Two-Thirds of Americans to Spend Same or More on Retail Purchases in 2023

Despite continued inflation and the potential of a recession, 67% of Americans plan to spend either the same or more in 2023 as they did in 2022 “on retail purchases” according to a new survey commissioned by DailyPay and Dollar Tree and conducted online by… Read More

Sweden’s Intergiro Announces Free Business Banking Services for Merchants to Combat Inflation

Intergiro, a Swedish business account provider and payment processor, has announced that it will offer free banking services “to merchants who open a merchant business account with the company.” This move comes in response “to rising inflation rates and uncertain market conditions, which places pressure… Read More

European P2P Market Growth Expected to Slow Down in 2023: Report

The European P2P market is expected to lower its growth in 2023 “as financial institutions grapple with inflation,” according to an update from Robo.cash. Robocash analysts see several possible scenarios for the European P2P market development in 2023. The baseline scenario “implies that the market… Read More

Fintech Executive Shares Four Themes that Could Shape Investments in 2023

There are four “over-riding” investment themes that investors will be watching and positioning for in 2023 in order to build their wealth, says the CEO and founder of an independent financial advisory, asset management and fintech organization. Nigel Green of deVere Group’s recently commented on… Read More

Stackin, a Financial Wellbeing App, Reveals its Sign-Ups Increased as Consumers Need Help with Money Management

As searches for financial wellness skyrocket, financial therapist Megan Ford offers advice to consumers on how to look after their mental health – and their money With the news covering inflation, recession and the cost of living crisis more, it’s no wonder Americans are “feeling… Read More

UK’s Landbay Reveals that House Price Growth Is Now Falling as Demand Slows Due to Cost-of-Living Crisis

The team at Landbay notes that 2022 started with rising inflation and the Bank of England base rate “followed suit with interest rate increases.” That scenario has “continued throughout the year with steeper rises than many had predicted.” Inflation is “at a 40-year high of… Read More

Startups, Large Corporations Revisit Strategies to Balance Growth, Profitability, Report Reveals

The current business environment is getting tougher with higher interest rates, rising inflation, talent crunch, and weaker supply chains while investors “are increasingly demanding profitable growth,” according to an update from GlobalData. To hedge against these shifts, startups as well as bigger corporations are “revisiting… Read More

Financial Stress: Majority of Healthcare Workers Find It Stressful to Manage Finances, Survey Reveals

Inflation is taking its toll on America’s healthcare workers, according to an update from DailyPay. A recent Harris Poll, “among over 2,000 U.S. adults of which nearly 200 are healthcare workers, commissioned by IntelyCare and DailyPay reveals that a majority of healthcare workers across the… Read More

DailyPay Survey Reveals Need for Employers to Provide Impactful Financial Benefits to Workers

Inflation and uncertain economic times are “keeping many Gen Zers at home with their families,” according to an update from DailyPay. Around 54% of 18-25-year-olds have “made the choice to live with their parents given the current economic climate,” according to a new study of… Read More

With Inflation Rising, Bondora Provides Clients Ways to Earn Greater Returns on Investments

On  November 9, 2022, Bondora had their latest live Q&A session for 2022. It’s become somewhat of a tradition that connects clients, Bondora’s investors, “directly to Pärtel Tomberg, the CEO and Founder of Bondora.” Bondora‘s CEO has shared more about how the platform is doing… Read More

October Introduces More “Dynamic” Pricing for Loans

Interest is both “the cost of borrowing money for a borrower and the compensation of lending money for a lender,” the team at October notes in a recent update. As a lending platform, October explains they are “right in the middle and connect borrowers to… Read More

Muhannad Ebwini: CEO at HyperPay Says Fintech Solutions Can Help Us Deal with Cost-of-Living Crisis

Globally, rising inflation, a higher cost of living, and slower wage growth are impacting the lives of people right around the world. A recent report suggested that many consumers are turning to physical cash to help manage their finances amid the cost-of-living crisis. But Muhannad… Read More

Truflation Supports Crypto Accessibility Platform to Bring Inflation Data to Visually, Hearing Impaired

Truflation, the independent, real-time inflation data aggregator, has partnered with Haptics DAO, a “decentralized” voice command platform that uses audio and haptic feedback “to help visually and hearing impaired users access wallets, trade cryptocurrencies, and explore price feeds and inflation data.” The Haptics DAO project… Read More

European Fintech iwoca SME Expert Index: Cash Flow Now a Priority for SMBs

With inflation hovering at a 40-year high, “managing day to day cash flow has become the primary reason for small business applications for finance,” according to iwoca’s latest SME Expert Index. The survey of brokers has “revealed that managing cash flow is the most common… Read More

More Big Rate Hikes on the Way, as Recession Warnings Flash

Monthly non-farm payrolls came in hot today, alongside a robust employment report, causing markets to swoon as the likelihood of a Fed pause diminishes. Everyone now believes that the Fed will continue its path to curb-stomp inflation after a too-long period where the central bank… Read More

Federal Reserve: Interest Rates Poised to Increase; How Does this Impact Consumers?

The Federal Reserve is meeting this week to determine interest rates and the odds on favorite is for a 75 basis point increase to the benchmark rate. While it could go higher – perhaps 100 bps – most market observers believe 75 bps is already… Read More

Uday Akkaraju: CEO at BOND.AI Comments on Latest Developments in Embedded Finance

The economy is facing massive disruptions: inflation, great resignation, and possible recession, among others. This has driven customers to switch financial institutions at a click of a button, looking for the ones that provide them the most benefits and help with their financial health. However,… Read More

Fundbox Releases US Small Business Trends Survey 2022

The early stages of the COVID-19 pandemic were a “hive of activity” for small businesses, with a striking 53% jump in applications to start new companies, according to an update from Fundbox. Now macro economic factors, from inflation to staffing shortages, “are posing significant challenges… Read More

Capify Launches £40M Fund to Assist SMBs with Addressing Financial Challenges

Capify, the specialist SME lender, recently introduced a £40 million fund for UK-based small businesses in order to help with maintaining operations through challenging conditions. The fund has been established in response to growing concerns regarding access to finance from traditional lending platforms and the… Read More

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