Fintech-Group

WSFS Bank | June 25, 2020

Today, WSFS Bank announced a $200,000 donation to four organizations, providing relief grants to help local small businesses within the Bank’s footprint impacted by the pandemic. In addition, WSFS dedicated more than 200 Associates to work on Paycheck Protection Program applications and received approvals for more than 5,000 loans worth nearly $1 billion. These businesses employ about 100,000 people in the region. As the pandemic continues to take an unprecedented toll on businesses in the...

eSellerCafe | April 15, 2020

Small and micro-businesses are facing an unprecedented challenge in light of COVID-19. In the U.S., nearly two-thirds have temporarily closed or are planning to so in the next two weeks. Around the world, small and micro-businesses account for more than 90% of global businesses and 50-60% of global employment. Supporting these small and micro-businesses to help get our world moving again has never been more critical. Earlier this month, the Visa Foundation announced two programs totaling $210 mi...

Duff & Phelps | October 13, 2020

Financial services group Duff & Phelps has launched a new equity match service which will link small- and medium-sized enterprises (SMEs) with more than 70 separate funding providers. The service was created in response to a growing demand for SME funding in the wake of the coronavirus pandemic. Through its work in governance, risk and transparency solutions, Duff & Phelps has access to a wide network of potential funders which have a track record of providing smaller amounts of equity f...

Reuters: Business & Financial News, | February 05, 2020

What is worrying Rao Yong more than the daily news updates of a virus outbreak gripping China is that he may soon have to shut his online handicraft store and tell the 1,400 craftswomen he employs he is no longer able to sell their work. Rao, from eastern China’s Zhejiang province, is among millions of small business owners feeling the ripple effects of the epidemic which has killed 490 people in China and infected over 20,000. Businesses face widespread disruption as local governments ord...