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INDUSTRY OUTLOOK
Citi | January 12, 2022
Citi today announced that it intends to exit the consumer, small business and middle market banking operations of Citibanamex as part of its strategic refresh. Citi will continue to operate a locally-licensed banking business in Mexico through its global Institutional Clients Group. Citi has operated in Mexico for more than a century and the country will remain among Citi’s top institutional markets outside of the U.S. Citi will continue to invest in and grow those institutional banking op...
MARKETING AND NETWORKING
Picsart | January 20, 2022
Picsart announced “Unboring Boring,” its first national brand marketing campaign. Picsart is the world’s leading digital creation platform and a top 20 most downloaded app worldwide. This campaign demonstrates the transformative power of creativity in mundane marketing to reach the creator economy and small business owners. The Nutz-n-Boltz Theatre Company, Boring Bean Coffee, and The North American Bigfoot Center collaborated with the Picsart creative team to de...
MANAGEMENT
Novo | May 23, 2022
Novo, the powerfully simple financial platform for small businesses, announced that the company has brought on Kevin Phillips, former CFO at small business lending company Kabbage, to launch and scale Novo’s lending business. Today, Novo is also launching Boost, making it the only financial platform that gives small businesses and freelancers same day access to payments received through e-commerce platforms.Introducing Novo Boost “While some fintech compa...
BUSINESS STRATEGY
American Express | November 15, 2022
American Express today announced that it has partnered with TikTok to launch the #ShopSmall Accelerator, a new program to help small business owners reach a new generation of shoppers on Small Business Saturday, which is on November 26, 2022, and runs throughout the holiday shopping season. The partnership with TikTok builds on the ongoing support American Express provides small businesses year-round and its goal to drive $100 billion in reported consumer spending at small businesses from 2021 t...
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