Mobile World Capital Barcelona

SMALL BUSINESS TRENDS

Square | September 28, 2021

Square announced the launch of Square Card in Canada to address one of the biggest challenges small businesses face: managing their cash flow. The announcement marks a milestone in Square’s goal of expanding financial access in Canada — its second largest international market — and better positions the company to serve the needs of business owners across the country. “We’ve heard, time and time again, that cash flow is a major pain point for C...

TechNode | February 11, 2020

Chinese tech behemoth Alibaba has unveiled a number of measures to support smaller sellers in its ecosystem as the economic impact from the novel coronavirus outbreak begins to set in, including offering service fees waivers or reductions and financial assistance. Why it matters: The coronavirus epidemic that has immobilized China is hitting the country’s already-slowing economy, the growth rate of which has inched down to a multi-decade low (in Chinese) in 2019. Business interruption, ris...

Camino Financial | July 28, 2020

Camino Financial, a Fintech that provides affordable loans to small businesses, announced raising debt funding to lend to underserved Latinx- and Undocumented-owned businesses in Colorado. The debt funding will come from San Francisco-based impact investor, Community Investment Management (CIM). "As we approach the end of the PPP loan program, we're seeing the majority of the funds disproportionally left behind black- and brown-owned businesses," said Sean Salas CEO of Camino...

INDUSTRY OUTLOOK

Rapyd | December 09, 2021

Rapyd, a global Fintech-as-a-Service company has agreed to acquire Hong Kong-based Neat, a cross-border trade enabling platform for SMBs and startups. Neat provides full company incorporation, business accounts, global payment collection and disbursements, as well as credit card-based capital expansion services. Terms of the deal were not disclosed, and it is subject to regulatory approval. By integrating Neat into the Rapyd Global Payments Network, small and medium businesses wil...