Melio | July 14, 2022
Melio, a leading B2B payments platform for small businesses, announced the launch of a fully integrated accounts payable solution with Capital One Business. This strategic partnership will enable Capital One small business cardholders to pay their vendors and suppliers with a card – even if they do not accept credit cards – directly from their Capital One Business account.
Small businesses across the country continue to use time-consuming and costly methods to pay their vendors, with many still manually writing and mailing checks. Melio's payments technology for small businesses enables credit cards to be accepted everywhere, saving businesses valuable time and money that would otherwise be spent mailing checks or managing wire transfers.
Through this multi-year strategic partnership, Capital One Business cardholders will have access to more flexible payment options and streamlined workflows from their Capital One Business account, enabling them to better manage their cash flow while also earning unlimited rewards and cash-back on purchases.
"At Capital One, we recognize the power that adoption of payments technology can generate for businesses. In fact, a recent Capital One survey found that more than a third of small and mid-sized business leaders cite investing in automated, real-time, or fully integrated payables as a top priority over the next year, Through our partnership with the innovative team at Melio, we are proud to deliver this capability to our customers and continue to help transform how they do business."
-Rebecca Silver, vice president, small business card at Capital One.
We are delighted to expand on our strategic partnership with Capital One to increase access to cash management tools for small businesses, especially at a time when cash flow is so critical," said Matan Bar, Melio's co-founder and CEO. "Melio and Capital One share a common passion for helping small businesses succeed, and we are excited to have been selected as the default embedded accounts payable solution for Capital One Business cardholders.
Last June, the two companies announced the creation of a strategic partnership to equip a segment of Capital One Business customers with increased access to accounts payable cash flow management tools for small businesses. Capital One Ventures the financial institution's corporate venture capital arm – also joined Melio's Series C funding round last year with a strategic investment.
Melio's mission is to keep small business in business, helping them improve their cash flow and workflow, gain more control over their finances, and optimize their business's financial health. Melio was founded by CEO Matan Bar, CTO Ilan Atias, and Ziv Paz in 2018, with headquarters in New York, an R&D center in Tel Aviv, and western U.S. headquarters in Colorado. The company has raised $506 million to date. Melio's smart B2B online payment solution is tailor-made for small businesses' needs. It is a free, simple, and secure solution that allows small businesses and their suppliers to transfer and receive payments quickly and easily.
About Capital One Business:
Capital One® offers a broad spectrum of financial products and services to consumers, small businesses, and commercial clients. Capital One Business offers a diverse suite of financial products, tools, and services designed specifically for small businesses, including credit cards with unlimited rewards and banking products and services. Capital One Business is committed to fueling the courageous entrepreneurial spirit that's at the heart of American small businesses. We are focused on listening to and learning from the millions of businesses we serve every day to make sure our products, services, and experiences work as hard as they do.
Norma | June 24, 2022
Norma, an all-in-one banking, accounting, and business services platform, has seen interest from members early on with more than 2000 small business pre-registrations for its services. Norma moved from its closed beta to public launch in Turkey and is quickly onboarding small businesses on its list while also acquiring new members. Norma wants to onboard thousands of small businesses in the country before the year end and collect feedback from them to release new features to enhance and automate their financial experience.
Norma completed two successful fundraising rounds within the span of one year; a $350k pre-seed round from various angel investors in Turkey and a seed round of $1,8m led by Global Founders Capital, and joined by MSA Novo, Finberg, D4 Ventures.
The founder Hakan Gonca, a seasoned executive in the Fintech space, is excited about the product release and explains why Turkey is the right place to launch, emphasizing on the crucial role Norma will play in the lives of SMBs and freelancers. Norma wants to build an internationally impactful company, while partnering with globally recognized brands and bringing customer-oriented solutions for small businesses to increase their visibility in the banking system, and to support their financial efficiency.
“All around the world, banking is focused on individual users and the needs of large companies, while ignoring small businesses that need these products the most. Moreover, the products offered to these businesses come with no advantages in terms of segmentation or pricing. Norma offers a next-generation experience by focusing on the needs of these businesses while creating a community where members can learn from each other as well. Norma distinguishes itself from the traditional banking approach by combining all company finance and accounting information on a single platform, while expanding the scope of banking services offered to these businesses. The interest international investors has given us even further assurance that we will make a great deal of difference in banking for small businesses with our customer-oriented vision. Norma is keen to become a multi-regional player and grow both in Turkey and new markets.”
OneDirectory | June 29, 2022
OneDirectory, a leading software-as-a-service provider of modern employee directory software, announced the launch of its new employee directory pricing offer for small businesses.
Since 2010, OneDirectory has helped over 500 businesses implement employee directory solutions to better connect their people and offices.Traditionally, OneDirectory has served larger businesses but with recent shifts to remote and hybrid work, even the smallest of businesses are needing a tool to bring their employees together.
"Over the past year we've had an increase in smaller businesses reaching out and trialing our product,These are businesses with 100 employees or less that have wanted our product but our pricing plans have remained a roadblock."
-Lawrence Cawood, CEO at OneDirectory
To solve this OneDirectory created a new pricing plan to help smaller businesses gain the benefits of an enterprise employee directory solution.
The new small business plan is $79 per month for businesses up to 100 employees, which is a saving of 68% on the previous lowest plan. OneDirectory's other pricing plans range from $249 to $2,000+ per month.
"When tackling the SMB market many software providers reduce features and options for their smaller customers, So we've decided not to remove any product features from our new plan for small businesses."
-Greg Bennett, Head of Marketing at OneDirectory
When it comes to employee directories many small businesses have the same requirements as larger businesses, so OneDirectory made sure that their small business plan included all the following features: employee profiles, people search, office directory, skills directory, and org chart.
We're excited to bring our software to smaller businesses and see the impact it will have on employee collaboration and engagement, says Cawood. Businesses of all sizes are struggling to connect their employees, especially as hybrid and remote work is becoming the norm. At OneDirectory, we remain focused on solving this problem with our modern employee directory platform.
OneDirectory has six pricing plans tailored for different-sized businesses. The new plans are currently in effect as of 20th June 2022. The new pricing plans can be found here: https://www.onedirectory.com/pricing.
OneDirectory is a leading software-as-a-service provider of modern employee directory software that helps companies improve the efficiency of their digital workplaces. 500+ organizations rely on OneDirectory's employee directory platform to better connect their employees and offices.
Nuula | May 18, 2022
Nuula, a fintech company focused on providing small businesses the tools and the capital they need to succeed, announced an initiative to help small business owners improve their overall mental and physical well-being. In partnership with Walnut, Nuula's new wellness feature gives small business owners access to life insurance, plus meditation programs and online fitness classes, all for as little as $9/month.
Nuula's focus on the entrepreneur's well-being, in addition to business performance, was driven by insights into how personal stress is affecting small business owners, especially with the pressures of the COVID-19 pandemic.
A recent Capital One survey found that 45% of small business owners report that running a business during the pandemic has had a negative impact on their mental well-being, and 42% say they are currently experiencing burnout or have experienced it within the past month.
"For a small business owner and entrepreneur, work and life are inextricably linked, which is why it is so important to provide support for both, Nuula is taking a new approach to small business financial services by focusing not only on the needs of the business but also on the needs of the small business owner."
-Mark Ruddock, CEO at Nuula.
Nuula's new health and wellness feature offers access to guided meditation, sleep guides, and mental focus programs through Headspace Plus and online fitness programs through ClassPass Digital. The programs are paired with $10k-$50k of Life Insurance to give small business owners peace of mind. The new feature sits atop of Nuula's existing portfolio of small business tools, including financial health tracking, cash-flow forecasting, 24/7 credit monitoring, as well as updates on rating and reviews, all available in the Nuula app.
"Nuula is taking a forward-looking approach to the needs of small businesses, by embedding tools that match the holistic needs of its customers, Mental and physical health are paramount to entrepreneurial success. Walnut is proud to help Nuula empower business owners by allowing them to easily access health and wellness offerings within Nuula's existing ecosystem of critical financial tools."
-Derek Szeto, Co-founder and CEO of Walnut
Starting today, Nuula users can sign up for a health and wellness membership that includes group life insurance and subscriptions from ClassPass and Headspace.
Nuula is building the future of small business performance. Launched in 2021, Nuula is a financial services and technology company focused on serving the small to medium-sized business community. Nuula provides real-time data and analytics, allowing businesses to manage their finances, monitor their credit ratings and user reviews, and more. Nuula is an advocate of financial inclusivity and a proud partner to Kiva to create economic and social good. To learn more about Nuula, visit www.nuula.com
Founded in 2020, Walnut is a Canadian and US insurtech that has built infrastructure to enable multiple lines of embedded insurance for brokers, employers, and financial services coupled with value added benefits from international brands. Walnut's platform makes insurance simple and convenient – creating greater accessibility for underserved audiences. Learn more about Walnut at www.gowalnut.com/businesses.