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Trustly Nets Capital Infusion From Blackrock-led Investment Group

PYMNTS

Online payment platform Trustly’s global expansion plans just got a big boost. The BlackRock-led group is injecting capital into Trustly at a time when the company is building out its network, which enables merchants to accept bank transfers with the same ease as they now take credit card payments. “At

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SMBs’ Online Lending Surge Raises Borrower Protection Concerns

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Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth in the U.S. But the majority of online SMB lenders do not disclose publicly their fees and interest rates, reports warned.

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SMB Financing Fuels Week Of B2B Venture Capital

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Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. In addition to invoice finance, the company offers SMBs a range of other solutions, including order management and online payments tools. Apollo Agriculture.

Capital 141
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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

PYMNTS

Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. California-based automaker Tesla is one company that has witnessed the merits of offering 2FA for its car owners.

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California Closes In On Extending Borrower Protections To SMBs

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California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products, according to Manatt, Phelps & Phillips, LLP. The bill was cleared by the Senate in May, and is closing in on a vote in the state Assembly.

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Top News In Payments: R3 Works With Mastercard On Blockchain Tech; Uber Pushes Back On California Law

PYMNTS

Also, Uber will reportedly fight the recent passage of controversial labor legislation in California per reports. Robert Chapman, founder of California investment firm Chapman Capital, said per reports , “It is reasonable to conclude that a relatively large acquisition by Groupon is forthcoming,”.

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Digital Payments, Online Ordering And Memberships Top This Week’s News

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We have deep dives on digital payments, online ordering and memberships. From Online Ordering to Cupcake ATMs: How Sprinkles Prepared for the Pandemic. Sprinkles , a California-based confectioner, adopted digital ordering almost 10 years ago for custom cakes and catering. Fun, Cool and Otherwise Interesting.

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