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PPP: Paycheck Protection or Main Street SMB Rescue Program?

PYMNTS

months of payroll (plus some expenses) if they could prove it necessary to continue to operate their business as the businesses were told to close their doors as a result of the pandemic. Part of the “necessary” requirement included the lack of access to other capital.

Maine 161
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Global Fintech M&A Deals Set to Outpace Last Year

Bank Innovation

Fintech M&A deals have sustained volume and value this quarter. During 2Q 18, fintech deals totaled $12.7 This boost in transaction volume is mainly due to the consolidation of sectors, according to KPMG’s biannual “Pulse of Fintech” report. billion, up from $7 billion in 2Q17. Major deals such as PayPal’s $2.2

Fintech 210
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How 5G Will Shake Up Banking and FinTech?

PYMNTS

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. Digital Demand.

Fintech 211
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Africa is leap-frogging the financial world with mobile

Chris Skinner

Here is how he saw things … Fintech in Rwanda: the place where Telcos are surpassing Banks in the financial sector Telcos dominate in the financial sector of Rwanda Last week I participated in the leading fintech conference in Africa “Dot Finance”, which took place in Kigali, capital of Rwanda.

Mobile 334
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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending

PYMNTS

So, access to capital isn’t just essential for these companies to survive — it’s critical for the economy to thrive. “We all know banks are a key source of capital for small and medium businesses,” Phelan told PYMNTS in a recent interview. Yet, the small business lending gap remains.

Lending 159
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Investors Cap Off 2020 With An Eye On B2B eCommerce, SMB Banking

PYMNTS

Though 2020 was full of volatility, the B2B FinTech landscape persevered with venture capitalists and other investors for a lucrative year. Highlighting the increasing interest in this startup space is this week's B2B venture capital roundup, which recaps the final two weeks of 2020 in B2B FinTech investments. CloudTrucks.

Capital 211
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PayPal Hits $10B SMB Lending Milestone

PYMNTS

Businesses of a certain size — and in industries as varied as construction and restaurants — know the pain of wondering if they will have enough capital to fund operations, inventory, expansion and other mission-critical business activities. For loans made via the Working Capital operation, the new money tends to support inventory.

Lending 221