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Commercial Cards Find Opportunity In Transparency, Lower Fees

PYMNTS

There is more than one way to drive commercial card innovation. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. For vendors, commercial card acceptance can be a matter of wielding technology to lower interchange costs. Uber Jumps Into Biz Card Rewards.

Cards 131
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B2B eCommerce Tips The VC Scales

PYMNTS

based alternative small business lending isn’t dead with investors and an India startup landed more than half a billion dollars. million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. See all of the latest B2B fundraises below. SaaSOptics.

Capital 128
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

Last week , Walmart Pay rolled out in Alabama and Georgia. Online lending . Costco Card. The Costco Card has generated a lot of buzz. But all that buzz was based on anticipation and the hope that the card would be all it is cracked up to be. The venture capital backers are no doubt smiling. . Walmart Pay.

Lending 101
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How Automated Authentication Helps Propel SMB Loan Disbursements

PYMNTS

The small- to medium-sized business (SMB) lending industry is in a unique position during the pandemic. Interest in the space has been revitalized due to the harsh financial blows the pandemic has dealt, providing opportunities for SMBs to gain capital and for lenders to facilitate. Of the 32 million SMBs in the U.S.,

Georgia 147
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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

Both have access to significant financial capital to scale far beyond what’s available to even well-funded startup challengers. The core product is a digital-first app that tracks spending from a linked card issued by either MasterCard or Visa. Neon quickly secured a new partner, BancoVotorantim, to resume card services.

Retail 78
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Kabbage Reaches $2 Billion in Originated Loans in 5 Years

Fintech Labs Insights

Today, the Georgia-based company announced it has originated $2 billion in loans during the past five years. The credit line is dynamic; it automatically adjusts to furnish businesses with the right amount of capital they need to grow. The 75,000 small business customers on Kabbage’s platform hail from all 50 U.S.

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The Next FinTech Unicorn? Rumored $150 Million Heading to Kabbage

Fintech Labs Insights

Once completed, the company will have a total capital of more than $585 million and a valuation of more than $875 million. The new capital will help Kabbage grow its staff (adding as many as 100 new workers) as well as “double” its office footprint. Kabbage was founded in 2009, and is headquartered in Atlanta, Georgia.