Tagged: smbs

UK SMEs Forced to Borrow or Raise Nearly £50K to Survive Inflationary Crisis: Report

Nucleus Commercial Finance research highlights the scale of the challenge facing UK SMEs: 65% of SMEs are finding the current cost-of-living crisis is proving more of a burden on their business than the pandemic lockdowns Just 33% believe the cost-of-living crisis is proving less of… Read More

Major UK SME Concerns in 2023 Revealed in Report Released by European Fintech iwoca

As Chancellor Jeremy Hunt announced measures intended to lift the UK economy in the Spring Budget, data from iwoca highlights what small businesses “were most worried about as they entered 2023.” Small business lender iwoca’s latest SME Expert Index data – based on UK finance… Read More

Insurtech: Cowbell, a Cyber Insurance Provider for SMEs, Expands Operations to Pune, India

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced the opening of its new technology center in Pune, India. The center will “augment Cowbell’s existing development centers in Pleasanton, California; Plano, Texas; and Toronto, Canada, and extend the company’s global… Read More

Marijke Koninckx: Chief Product Officer at BankiFi Reveals Why SMBs Are Underserved by Traditional Finance Sector

SMEs are at the heart of our economy and financial institutions need to do more to help them. It has been found that they play a central role in financial inclusion, representing around 90% of businesses globally and more than 50% of employment worldwide, according… Read More

UK SMEs Demonstrate Resilience as they Prepare for Future Business Operations, Research Reveals

New research— recently published by Oxford Economics and in partnership with Funding Circle (LSE:FCH), including a detailed survey of Funding Circle customers—reveals UK SMEs’ durability, with 58% of respondents “saying their experience of dealing with the pandemic’s challenges has made their business more resilient.” Over… Read More

90% of Small Business Owners Aren’t Sure If Their Company is Adequately Insured, Survey Reveals

  It’s been a stressful few years to run a small business in America — and so far 2023 has been no exception. Inflation, supply chain snags and staffing shortages continue to test business owners, the team at Next Insurance writes in a blog post…. Read More

UK Small Businesses Reportedly Losing 680,000 Days of Trading Each Month as Impact of Strikes Bite

With signs that strikes may be abating for the time being, new data from small business lender iwoca reveals that UK SMEs have “lost out on 680,000 days of trading per month, due to industrial action.” Cumulatively, this amounts “to four million days of trading… Read More

European Financing Platform Debitum Reports Solid Start to 2023

The team at Debitum notes that platform performance in February reveals a solid start of the year. New Loan originator – Flexiadea Polska – assets are “available for investments; increased rates for existing Loan Originators; improvements of the platform (‘About us’ section rebuilt); new deposits… Read More

Fintech CaptivateIQ Identified as Strong Performer in Sales Performance Management in New Industry Report

CaptivateIQ is recognized as a “Strong Performer” in Forrester’s new report, “The Forrester Wave: Sales Performance Management Platforms, Q1 2023.” The report reportedly “uses 25 criteria to evaluate 11 sales performance management (SPM) providers.” CaptivateIQ was recognized for “having an enterprise roadmap that has ‘delivered… Read More

Fintech Clik2pay, Xero Integration to Save SMBs Up to 50% on Credit Card Fees

Payment service provider Clik2pay is announcing a new integration with global small business platform, Xero, “offering the ability for Canadian small businesses to pay their Xero invoices securely from almost any Canadian bank account using Interac e-Transfer™, one of the most trusted money transfer systems… Read More

Digital Banking: Hong Kong’s livi Bank Launches New Business Service to Empower SMEs

livi bank, which claims to be one of Hong Kong’s leading lifestyle and technology-driven virtual banks, recently announced the full launch of livi Business, which is described as its game-changing service designed “to empower SMEs (small and medium enterprises) to pursue their ambitions by meeting… Read More

Embedded Finance Workflows Firm Monite Launches Payment Links to Support B2B Platforms Growth

Monite, an API-first embedded finance workflows startup, introduces Invoice Payment Links. It is described as “a hassle-free solution that enables invoicing and accounting platforms to earn two to five times per user by helping their clients to get paid 40% faster.” While many SMBs facilitate… Read More

Financial Automation Software Firm BILL, BMO to Help Businesses Digitize, Streamline Payments

BILL (NYSE: BILL), a key player focused on financial automation software for small and midsize businesses (SMBs), announced a partnership with BMO in order “to digitize and streamline business payments.” BMO Bill Connect, powered by BILL, is a bill pay and invoicing platform that “helps… Read More

Insurtech: Cowbell 365 Elevates Policyholder Experience with Cyber Claims Handling, Risk Mitigation

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced Cowbell 365, an around-the-clock service that “offers policyholders comprehensive support for risk improvement and incident response.” Cowbell 365 “provides 24-hour availability every day of the week, 365 days of the year, bringing… Read More

Walmart, Citi Introduce Bridge to Walmart Suppliers

Walmart (NYSE: WMT) and Citi (NYSE: C) are collaborating to introduce the Bridge built by Citi platform (Bridge) to Walmart’s 10,000 small- and medium-sized businesses (SMBs) in their US-based supplier network. Bridge is “a digital platform that connects SMBs with a diverse group of more… Read More

GoDaddy, Worldpay to Bring Omni-Commerce Solutions to Small Businesses

As consumers move more regularly between online and in-the-store, small businesses need the latest tools “to provide the same type of shopping experiences seen at big brand companies.” To make payments simple and provide small businesses with an easy-to-use portal to manage their website, inventory… Read More

Funding Circle, Sage to Streamline Financing for Small Businesses

Funding Circle (LSE:FCH) has announced a partnership with Sage, a firm focused on accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs). The collaboration “makes it simpler for small businesses to secure funding.” With the incorporation of Sage Accounting and Funding Circle’s… Read More

Visa Introduces New Offers for Small Businesses

Visa Inc. (NYSE: V) announced new offers aimed “to help small and micro businesses (SMBs) accept digital payments, fine-tune their essential systems and save on the technology needed to grow and build business resilience.” With Visa SavingsEdge, eligible Visa Small Business cardholders can “unlock automatic… Read More

High Street Banks Cut Lending to SMEs as Demand for Finance Grows: iwoca Report

Demand for finance from the UK’s 5.5m small and medium-sized businesses1 is on the rise at the same time as banks are “reducing their lending appetite,” according to iwoca’s latest SME Expert Index. More than eight in ten SME finance brokers (82%) agree “that major… Read More

Insurtech Cowbell Teams Up with Millennial Shift Technologies, an E-Trading Platform Suite

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced a partnership with Millennial Shift Technologies, a custom branded e-trading platform suite. The partnership will deliver Cowbell’s cyber insurance programs, Cowbell Prime 100 and 250, on Millennial Shift’s e-trading broker platform, mFactor…. Read More

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