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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small.

Taxes 175
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Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank

PYMNTS

In an interview with Karen Webster, Vilash Poovala , founder and CEO of FinTech Oyster , said online financial platforms, powered by open banking, can serve as alternatives for business banking in a country where business banking seems an afterthought. The world needs a FinTech operating system.”.

System 258
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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

With the holiday shopping season in full swing amid the global pandemic, online commerce is booming. Despite a surge in sales, small businesses selling online can struggle to manage working capital, particularly as many rely on third-party marketplaces like Amazon that don't facilitate instant access to revenues.

Capital 356
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. At the same time, 59% pursued credit to meet operating expenses. Online fintech lenders had a market share of about $25 billion.

Lending 195
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. At the same time, 59% pursued credit to meet operating expenses. A majority of applicants sought less than $100,000.

Lending 243
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Intuit Reportedly Set To Spend $7B To Buy Credit Karma

PYMNTS

Intuit is known for making online tax filing service TurboTax, which is used by millions of people. Credit Karma offers a number of services including free access to one’s credit score and borrowing history, alerts to potential data breaches, and tax preparation and filing. Intuit is valued at around $77 billion.

Report 180
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Freelancer Banking App Lili Raises $10M In Seed Funding Round

PYMNTS

Lili , which works to provide online banking services for freelancers, notched $10 million in a seed funding round led by Group 11, according to a press release. Foundation Capital, AltaIR Capital, Primary Venture Partners and Torch Capital also participated, the release states. or 35 percent of the workforce.

Taxes 130