OnDeck reports $59 million net loss, CRIF Realtime eyes SMB risk profile analysis, and Coupa acquires business travel app developer
| | BUSINESS-TO-BUSINESS EDITION | Why Accounts Receivable Is Warming Up To Digital Currency Cryptocurrencies promise to reduce the friction and costs associated with traditional cross-border transactions, but thanks to credit card-like processing fees, the technology is rarely suitable for B2B transactions. Neal Roche, chief operating officer of Gilded, explores the factors beginning to convince accounts receivable teams of the value in accepting digital currencies. |
Challenger Banks Raise The Stakes (And The Cash) This week's B2B FinTech funding roundup saw $68 million in combined investment rounds, with logistics, expense management and B2B eCommerce landing on the board. But the bright spot were two challenger banks targeting small- and medium-sized businesses with digital native services, signaling growing competition in the SMB banking arena. |
| Small Business Lending | Contextualizing The SMB Credit Score Through Open Banking Small business credit scoring is an emerging field helping banks accelerate their return to SMB lending. But the pandemic has made it clear that itâs just as important for business owners to understand their own risk profiles, too. CRIF Realtime Chief Product Officer Glen Keller spoke with PYMNTS about open bankingâs ability to educate SMBs on where they are, where they were, and what financing theyâll need to get to where they want to be. | | |
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