Tagged: small businesses

May 9, 2023 @ 7:55 am By Omar Faridi  |  

NEXT Insurance, a digital insurtech company transforming small business insurance, today announced the promotion of Rachel Jrade-Rice to General Counsel. Jrade-Rice joined NEXT Insurance in 2020 “as Insurance Regulatory Counsel and was quickly promoted to Head of Regulatory Affairs and then again to Associate General… Read More

May 8, 2023 @ 11:21 pm By Omar Faridi  |  

Global payments provider Checkout.com has entered an agreement with Mamo, the fintech powering payments for SMEs across MENA, making Checkout.com the payments provider of choice for their flagship product Mamo Business. This deal further supports Mamo’s mission “to accelerate the growth of SMEs in the… Read More

May 6, 2023 @ 10:19 am By Omar Faridi  |  

Equifax (NYSE: EFX) is introducing a new Kount Essentials fraud detection and prevention application on the Shopify App Store. Specifically designed to address the fraud challenges faced by the platform’s millions of small business merchants, this enhanced technology is easy “to implement and customize for businesses… Read More

May 4, 2023 @ 11:17 pm By Omar Faridi  |  

Airwallex, a global fintech platform, is pleased to announce the launch of its Go Global campaign in Hong Kong, “unlocking opportunities for SMEs, ecommerce businesses and start-ups to scale and expand internationally.” Airwallex Hong Kong’s continued growth and development in the market “is evidenced by… Read More

May 4, 2023 @ 9:01 pm By Omar Faridi  |  

LexisNexis Risk Solutions released its latest Small and Midsize Business (SMB) Lending Fraud Study. Based on a survey of lenders, SMB lending fraud “has increased significantly during the past 12 months, with many smaller banks, credit unions and fintechs expecting fraud levels to worsen over… Read More

May 1, 2023 @ 11:37 am By Omar Faridi  |  

The team at Lendscape are pleased to confirm a new strategic technology partnership in order to “deliver greater efficiencies for finance providers and accelerate access to working capital for SMEs.” As the world’s technology provider for all forms of secured finance, they’ve partnered with Validis,… Read More

April 27, 2023 @ 4:30 pm By Omar Faridi  |  

NEXT Insurance, a digital insurtech company transforming small business insurance, today announced the launch and availability of the Certificate of Insurance (COI) Analyzer – an innovative, new offering “for small business owners to generate free, instant, custom-made COIs to show valid insurance coverage to potential… Read More

April 25, 2023 @ 10:45 pm By Omar Faridi  |  

An American Express (NYSE: AXP) survey of 1,100 U.S. small businesses shows that smaller firms are seeking consolidated cash flow management tools “to foster greater efficiency, profitability, and business growth.” Brett Sussman, Vice President Head of Sales & Marketing, American Express Business Blueprint & Banking,… Read More

April 25, 2023 @ 3:30 pm By Omar Faridi  |  

Melio, a B2B payments platform for small businesses, announced a partnership with Shopify to power Shopify Bill Pay, an accounts payable solution that will transform how Shopify merchants pay and manage their business bills. Through Shopify Bill Pay, merchants will now “have the ability to… Read More

April 24, 2023 @ 8:30 am By Omar Faridi  |  

NEXT Insurance, a digital Insurtech transforming small business insurance, formally announced its strategic hire of Jack Ramsey in order “to lead the company’s agent channel.” Ramsey reportedly “brings over three decades of experience in the insurance industry, with a focus on helping agents who serve… Read More

April 19, 2023 @ 6:54 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), launched MooGPT – a collection of new capabilities built using large language models and proprietary data. MooGPT uses reinforcement learning techniques “to deliver a real-time conversational experience to appointed agents and active policyholders… Read More

April 19, 2023 @ 7:52 am By Omar Faridi  |  

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims “to increase the supply and diversity of finance for smaller businesses across the UK by boosting the lending capacity of a range of finance providers.” Since it was established in 2014, British… Read More

April 18, 2023 @ 11:17 pm By Omar Faridi  |  

In today’s volatile environment, and with 84% of businesses expecting running costs to spike further this year1, SMEs are “increasingly reliant on real-time actionable insights to guide critical decisions.” Latest figures from Pulse, the “one-of-a-kind,” data-driven tool and resource hub for SMEs, from Nucleus Commercial… Read More

April 18, 2023 @ 10:06 pm By Omar Faridi  |  

Debitum reveals that their Estonia-based partner – non-bank financing company Evergreen Capital which issues business loans to Estonian SMEs from the manufacturing and services sectors has “released a new ABS program with 26 underlying assets.” According to a blog post published by Debitum, the ABS… Read More

April 17, 2023 @ 8:34 am By Omar Faridi  |  

A report published by the UK’s small business lending platform, Funding Circle (LSE: FCH), in partnership with insights consultancy Savanta, looks at “how resilience for small businesses and the impact of staff wellbeing is more important now than ever before.” Small businesses have “been hard… Read More

April 17, 2023 @ 8:30 am By Omar Faridi  |  

The European Investment Bank (EIB) is granting a €100 million loan to illimity which, in turn, “undertakes to invest an additional €100 million for small businesses through b-ilty, the illimity Group’s digital bank.” As noted in the update, 30% of the resources will be “channeled to… Read More

April 16, 2023 @ 3:37 pm By Omar Faridi  |  

The Phoenix Suns and PayPal (NASDAQ: PYPL) announced that they have extended their partnership through the 2026 NBA season. PayPal will “continue as the Suns’ jersey sponsor and, as part of the enhanced multi-year deal, the organizations will now increase their focus on supporting small… Read More

April 15, 2023 @ 8:04 pm By Omar Faridi  |  

Arch Insurance recently announced it has acquired Thimble, an insurtech platform for small business customers and agents. Thimble enables small businesses “to quickly get insurance coverage by the job, month or year using its award-winning app, website, or over the phone.” The acquisition “expands Arch’s… Read More

April 13, 2023 @ 10:20 pm By Omar Faridi  |  

Building on four years of work together to enable digital transformation among small businesses, Accion and the Mastercard Center for Inclusive Growth announced a renewal of their partnership and a sustained commitment “to improve the financial health of micro and small enterprises (MSEs) in emerging… Read More

April 13, 2023 @ 10:17 pm By Omar Faridi  |  

Singapore businesses have a “cautious” economic outlook, as new data from global fintech Airwallex reveals 7 in 10 small and medium-sized enterprises (SMEs) here are “bracing for a potential recession within the next two years.” The independent research “considered the challenges SMEs in Singapore would… Read More