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Predicting Community Bank Cost of Funds

South State Correspondent

Community bank cost of funds is jumping up. As shown in the graph below, the net interest margin (NIM) for community banks declined 22bps in Q1’23. The question is – what will happen to community bank’s cost of funds from here? The graph below shows community bank cost of funds compared to those banks over $25B.

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Starbucks Launches $100 Million Fund To Support SMBs

PYMNTS

12) that it is investing $100 million from now through 2025 to support small businesses located in minority neighborhoods. The aim of the Starbucks Community Resilience Fund is to support SMBs in areas “with historically limited access to capital,” the release said, to promote racial equality and environmental resilience.

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Today In Payments: Visa Opts Out Of Plaid Acquisition, Cites Complex Litigation; BillTrust To Make NASDAQ Debut Today Trading As BTRS

PYMNTS

13) on the Nasdaq Global Select Market and the Nasdaq Capital Market under the symbols “BTRS” and “BTRSW,” respectively. Billtrust has completed a special purpose acquisition company (SPAC) merger with South Mountain Merger Corp., and is expected to begin trading Wednesday (Jan. Starbucks Launches $100 Million Fund To Support SMBs.

Analytics 145
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Mojio Closes $40M Funding Round For Tech Dev, Hiring

PYMNTS

Mojio closed the round with financing from Kensington Capital, who led the round, along with T-Mobile, Bosch, BDC IT Venture Fund, Trend Forward, Innogy Ventures and Iris Capital, among others. The company connects cars wirelessly with a plug-in device that connects with the car’s OBD-II port, enabling Wi-Fi connectivity.

Capital 100
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SMBs Turn To Barter To Ease Uncollected Receivables Burden

PYMNTS

When an organization is bearing an ever-increasing burden of outstanding accounts receivables, there are multiple sources of capital to which it can turn. "It's been a really rough adjustment for a lot of them.". Yet they're not all created equal, James explained, and many sources lack a more humane approach to easing the burden of debt.

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

billion in value by 2025. The new Workforce Spend Playbook highlights the newest solutions helping SMBs to more effectively manage their capital, and focus on their expansion ambitions. These organizations face increased demand during the holidays — when they deliver food to communities in need. Inside The Playbook.

Tools 141
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Fiverr Reports Post-IPO Revenue Bump Amid Gig Economy Growth

PYMNTS

The company previously raised $111 million in venture funding from Bessemer Venture Partners, Accel, Square Peg Capital, Qumra Capital and others. The company also pointed out the need to continue growing the community, as well as the chance that the freelance market may not grow as quickly as expected. Gig Growth.

Report 116