September 13, 2019
The Evolution of Digital Payouts for SME Lenders
In recent years, online lenders have made strides toward solving a problem for growing US businesses: they put speed, flexibility, and opportunity on the table for small and medium-sized enterprises (SMEs) that once struggled to get loans. 80 percent of SMEs use external funding, and the majority want to borrow no more than $250,000. This makes them ideal candidates for...
February 26, 2019
Payhawk: A Digital Expenses Solution Making Life Easier for SMEs and Their Employees
We all know the pain: expense management, such as for business trips, costs employees everywhere a lot of time and nerves, because they have to deal with a lot of paper receipts and manual input of data – even in the 21st century! Bulgaria-based fintech Payhawk addresses this problem with a smart, digital solution – and was able to win...
December 8, 2015
How can Small and Medium Businesses Manage Spending and Optimise Cash Flow?
For example prepaid cards enable small businesses to better manage cash flow with real-time expense tracking and spending controls There are many indicators of a healthy business – annual revenue, hiring, sales pipeline for example – but perhaps none is more important than cash flow. The ratio of cash inflow to outflow is so crucial to a company’s economic health...
November 12, 2015
Mobile Banking’s Biggest Missed Opportunity is to Offer Specific Solutions for SMBs
Mobile banking is underserving one key demographic: small and medium businesses. Here’s why SMBs are an untapped opportunity. Small and medium-sized businesses are often called the backbone of the economy, and for good reason: They represent 99% of all businesses in the EU, equally in the U.S. In the past five years, they have created around 85% of new jobs...