Fynd receives funding

Fynd | January 03, 2017

Unique fashion e-commerce portal Fynd has clinched an undisclosed amount of funding from former Snapdeal chief product officer Anand Chandrasekaran, chief executive officer of Arvind Sports Lifestyle Rajiv Mehta and Livspace co-founder Ramakant Sharma.

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FINANCE

VeriCheck Acquires ACHWorks

VeriCheck, Inc. | January 07, 2022

VeriCheck announced its acquisition of Applied Payments, LLC, dba ACHWorks (ACHWorks). VeriCheck, Inc. is a market leader in payments and financial technologies. ACHWorks, on the other hand, is a technology business and a supplier of Automated Clearing House (ACH) payment services. VCI will merge ACHWorks' personnel and technology to provide clients with a comprehensive suite of payments and fintech solutions that enables businesses to develop. The company will integrate all technology and team resources in order to expand VCI's offerings and establish a world-class customer service team in the United States. "The acquisition of ACHWorks will deliver important benefits to our combined clients through our broader product mix, expanded technology solutions, and increased operating leverage." Don Singer, CEO of VeriCheck ACHWorks provides advanced payment technology that enables business transactions to be processed over the ACH Network. "In VCI, we have found a partner with complementary business lines that also shares our commitment to advanced technology and outstanding customer service," said Ryan McCurry, president of ACHWorks. The VCI team has been working on the first Microsoft Azure-based ACH payment platform. Veer is a highly customizable ACH solution that enables businesses to swiftly transition to a platform that enables them to develop their business while saving time and money. VEER will replace VCI's existing ACH processing system with customizable APIs, a free web platform, and off-the-shelf options for businesses with diverse needs. "VCI has been a leader in payments solutions for more than 30 years, and we could not be more excited to combine the ACHWorks and VCI resources," said McCurry. "On behalf of all of us at VCI, I want to welcome ACHWorks' talented employees and loyal customers to the team. We look forward to a smooth integration of our two organizations," said Singer.

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SMALL BUSINESS ADVICE

Tide Launch Cashflow Insights to Assist SMB Owners

Tide | June 24, 2021

Tide, a UK-based business financial platform, will launch Cashflow Insights this month to assist small business owners in optimizing their cash flow, mitigating payment delays, improving their credit score, and receiving recommendations for credit products suitable for their businesses. Cashflow Insights will assist business owners in improving their cash flow by providing quick, easy-to-digest insights and predictions on how their business is performing and recommending actions to take ahead of any potential shortfalls. The product will also assist business owners in gaining access to the right products to maintain a consistent cash flow, such as Direct Debits for invoices and credit products that are appropriate for their business – whether it needs to grow or stay afloat. Cashflow Insights, according to FinTech, will first be available to exist Tide members, using their account data to predict what their balance will look like in the next 30 days. The product will then be made available to non-Tide members via Open Banking technology in the coming months. Tide will be able to access transaction history from other financial solutions via Open Banking with the permission of the business owner to provide an accurate prediction.

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MANAGEMENT

Next Insurance and Intuit QuickBooks Integrate to Provide Seamless Coverage for Millions of Small Businesses

Next Insurance | October 22, 2020

Next Insurance, the fastest growing digital insurtech company transforming small business insurance and Intuit Inc. (Nasdaq: INTU), today announced that they have teamed up to simplify the insurance purchasing process for millions of small businesses. This integration will enable QuickBooks users to seamlessly obtain a customized quote and easily purchase General Liability, Professional Liability and Workers' Compensation coverage from Next Insurance with a few clicks of a button, directly from their QuickBooks account. Next Insurance's simple, online application process allows QuickBooks subscribers to obtain tailored insurance coverage alongside their financial data, creating one cohesive experience.

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