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UTAH’S LENDIO, AN ONLINE MARKETPLACE FOR SMALL BUSINESS LOANS, SECURES $55M

Crunchbase News | February 28, 2020

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Lendio, a Lehi, Utah-based free online marketplace for small business loans, has secured $55 million in capital. That includes $31 million in equity led by Mercato Partners’ Traverse Fund and a $24 million debt facility from Signature Bank. According to the company, the equity round was oversubscribed by existing investors including Napier Park Financial Partners, Comcast Ventures, Blumberg Capital, Stereo Capital and Runa Capital. It brings Lendio’s total raised since it was founded...

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FINANCE

OPAY AND MASTERCARD ANNOUNCE STRATEGIC PARTNERSHIP TO GROW CASHLESS ECOSYSTEM AND ADVANCE DIGITAL FINANCIAL INCLUSION FOR MILLIONS

OPay & Mastercard | May 19, 2022

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Fintech giant OPay and Mastercard today announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across Middle East and Africa. The collaboration enables OPay consumers and merchants in the region - including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa and the UAE - to engage with brands and businesses anywhere across the globe, t...

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INVOICE TIMING IS EVERYTHING TO A SMALL BUSINESS OWNER

Business 2 Community | January 28, 2020

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According to our research, 63 percent of invoices are paid within 30 days. The good news is that a majority of invoices are in fact being paid. The bad news, however, is that it’s taking a month to get paid. Invoice timing matters. That may not sound like a big deal, but when you’re waiting that long to receive a payment you’re putting your business in jeopardy. And, once a bill isn’t paid in 90 days, there’s only an 18 percent chance of ever receiving that payment....

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SMALL BUSINESS TRENDS

KABBAGE INTRODUCES KABBAGE CHECKING FOR SMALL BUSINESSES IN THE UNITED STATES.

Kabbage | June 19, 2021

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Kabbage, an American Express Company, has announced the launch of Kabbage Checking, American Express's first business checking account designed specifically for small businesses in the United States. Kabbage Checking aims to help small businesses grow by charging no monthly maintenance fees, no set-up fees, and offering convenient on-the-go features backed by American Express. American Express has also begun to offer Kabbage Funding to existing customers, with p...

Read More
news image

UTAH’S LENDIO, AN ONLINE MARKETPLACE FOR SMALL BUSINESS LOANS, SECURES $55M

Crunchbase News | February 28, 2020

Lendio, a Lehi, Utah-based free online marketplace for small business loans, has secured $55 million in capital. That includes $31 million in equity led by Mercato Partners’ Traverse Fund and a $24 million debt facility from Signature Bank. According to the company, the equity round was oversubscribed by existing investors including Napier Park Financial Partners, Comcast Ventures, Blumberg Capital, Stereo Capital and Runa Capital. It brings Lendio’s total raised since it was founded...

Read More
news image

FINANCE

OPAY AND MASTERCARD ANNOUNCE STRATEGIC PARTNERSHIP TO GROW CASHLESS ECOSYSTEM AND ADVANCE DIGITAL FINANCIAL INCLUSION FOR MILLIONS

OPay & Mastercard | May 19, 2022

Fintech giant OPay and Mastercard today announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across Middle East and Africa. The collaboration enables OPay consumers and merchants in the region - including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa and the UAE - to engage with brands and businesses anywhere across the globe, t...

Read More
news image

INVOICE TIMING IS EVERYTHING TO A SMALL BUSINESS OWNER

Business 2 Community | January 28, 2020

According to our research, 63 percent of invoices are paid within 30 days. The good news is that a majority of invoices are in fact being paid. The bad news, however, is that it’s taking a month to get paid. Invoice timing matters. That may not sound like a big deal, but when you’re waiting that long to receive a payment you’re putting your business in jeopardy. And, once a bill isn’t paid in 90 days, there’s only an 18 percent chance of ever receiving that payment....

Read More
news image

SMALL BUSINESS TRENDS

KABBAGE INTRODUCES KABBAGE CHECKING FOR SMALL BUSINESSES IN THE UNITED STATES.

Kabbage | June 19, 2021

Kabbage, an American Express Company, has announced the launch of Kabbage Checking, American Express's first business checking account designed specifically for small businesses in the United States. Kabbage Checking aims to help small businesses grow by charging no monthly maintenance fees, no set-up fees, and offering convenient on-the-go features backed by American Express. American Express has also begun to offer Kabbage Funding to existing customers, with p...

Read More