CloudBusiness talks SMBs’ eCommerce opportunity, FLEETCOR acquires global payments firm AFEX, and Next Insurance pursues $2.25 billion valuation
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

September 21, 2020

       BUSINESS-TO-BUSINESS EDITION

Corporate Finance

Asset-Based Finance Finds Growth With Balance Sheet Strength

The asset-based financing market has developed a negative reputation over the years, but technology that has lowered the cost of capital means asset-based loans are no longer a last-resort solution to cash flow lumpiness. Cadence Business Finance's Norb Schmidt tells PYMNTS how the pandemic has created solid ground for mid-market firms with strong balance sheets to turn to ABF first.

 

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Late Payments

Late Supplier Payments Tied To Economic Ebbs And Flows

Despite economic volatility, not every business is struggling. This week's Late B2B Payments roundup reflects the correlation between companies' financial positions and their supplier payments behavior. In France, officials fined one firm for late payments after it raised financial concerns. On the other end of the spectrum, another firm has announced accelerated supplier payments as it expects a strong fourth quarter.

 

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SMB Accounting

Why The eCommerce Model Is More Accessible To SMBs Than They May Think

Migrating sales online became a life raft for many small businesses, but for some firms — like hair salons — the eCommerce model may appear out of reach. CloudBusiness CEO Michael Astreiko explains why the digital sphere is more accessible than some SMBs may think, and why firms must be ready to change their bookkeeping strategies as they begin accepting payments online.

 

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What's Hot


FLEETCOR Buys AFEX To Boost Cross-Border Payments


Cape Debuts 'Recession Fighting' Credit Card


Western Union Teams With Isabel Group To Offer Payments In Belgium


ECS Fin To Test Apifiny's Blockchain Program


Next Insurance Looks To Secure $250M Funding Round To Reach $2.25B Valuation


Best Of Yesterday


Visa: Real-Time Settlement, Online Marketplaces Help Put SMBs Back On The Road To Recovery


Subscription Business Models Lead B2B VC Funding


Payment Rail Innovators Dive Into Real-Time


 

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