Dliq TikTok, Foursquare Partner to Garner In-Store Visit Data The pandemic has shone a spotlight on the urgent capital needs of <a href=https://www.cup-stanley.fr>stanley france</a> small- to medium-sized businesses SMBs as they struggle with cash flow.In an interview with PYMNTS, Brian Reaves, CEO of Amsterdam-based Factris said SMB financing ?and particularly the practice of factoring ?offers a lifeline for European SMBs.And the impact has been varied, he said, dependent on the sector. Some sectors, such as travel and hospitality have been devastated; others have not been hit all that hard. Still others are thriving, if <a href=https://www.cup-stanley-cup.ca>stanley mug</a> theyve been linked to the digital economy or delivery services. And, of course, theres everything in between. I see receivables and invoices as being a really great asset class, Reaves told PYMNTS. When you have a receivable, the receivable is very liquid ?and it insurable. In <a href=https://www.stanley-cups.it>stanley cup</a> terms of mechanics across its online platform Finance Business Automation , Factris buys invoices, and finances and collateralizes invoices the same day they are uploaded, measuring risk through the use of artificial intelligence AI .The company, as the owner of the invoice, manages the collection and insurance for a factoring fee paid upfront by the SMB, represented as a discount from the face value on the invoice the discount starts at 50 basis points, according to Factris .As Reaves said, we provide a service in addition to overall liquidity for these smaller to mid-sized businesses. In recent news tied to lending extended to the SMBs, the company said earlier this month that i Afyw Amid Great Interchange Debate, What Happens to Rewards Programs Plaid Technologies, a startup that helps FinTechs like Venmo and Lending Club access their cus <a href=https://www.stanley-cup.us>stanley usa</a> tomers bank accounts, has raised $44 million in a Series B round of venture capital funding.According to a report, the venture units of Citi and Amex聽took part in the latest round of fundraising. The report noted that, while Plaid has only been around since 2015, it has connected to millions of end users via contracts with companies, incl <a href=https://www.stanleycups.cz>stanley termoska</a> uding OptionsHouse, and non-government entities, including charities. Plaids API enables developers to access bank accounts and provides access to transaction data and authentication tools, as well as analytic tools, to lower the amount of fraud. Were excited to support Plaid as they continue to deliver better access to clean, high-quality financial data, enabling innovation and a secure infrastructure for the financial services ecosystem, Arvind Purushotham, co-head of venture investing at Citi Ventures, said in the report.The move on the part of Plaid to raise another round of funding comes at a time when FinTechs are starting to make inroads with banks that have been balking at sharing customer account data. Late last week, Wells Fargo inked a data exchange deal with Intuit in which Intuit customers can import their account <a href=https://www.stanleycup.com.de>stanley kaufen</a> data without having to provide their username and password. And at the end of January, JPMorgan Chase Co.聽announced a partnership聽with聽Intuit聽in a deal that will allow Chase customers to easily load their account data in |
|