Epos Now is reportedly considering a sale of a minority stake in the business and other strategic options. The British payments group is discussing the options with advisers, Reuters reported Wednesday (May 1), citing unnamed sources. The privately held business is seeking a valuation of up to $1.5 billion, and potential investors are likely to include private […]

Against a challenging macro backdrop, freelance work matters more than ever.  And the innovations that support those freelancers have taken on a new prominence.  That’s the tack that Upwork executives emphasized on their company’s first quarter 2024 earnings call Wednesday (May 1), shedding light on the evolving landscape of the gig economy and the impact […]

Google has reportedly reorganized its Core unit, which builds the technical foundation behind the company’s products. The reorganization included the layoffs of at least 200 employees and the shifting of some roles to India and Mexico, CNBC reported Wednesday (May 1). “As we’ve said, we’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead,â€� a […]

Kroger and Walt Disney Co. are reportedly exploring a partnership that would offer the Disney+ streaming service to subscribers of Kroger’s grocery delivery program. If a deal is struck, Kroger Boost subscribers would get access to Disney+ at no additional cost, Bloomberg reported Wednesday (May 1), citing unnamed sources. Neither Kroger nor Disney immediately replied to PYMNTS’ request for comment. Retailers have been […]

Late business-to-business (B2B) payments aren’t just a headache for the people in the accounts receivable (AR) department; for some businesses, past due payments can mean the difference between success and insolvency.  AR professionals gauge the severity of late payments by measuring days sales outstanding (DSO), a metric that tracks the average number of days it takes for […]

Enova originated $960M in small business loans in Q1 2024, setting what is believed to be a new quarterly record. During the earnings call, Enova CEO David Fisher said that confidence in the economy and consumer spending was driving the SMB market forward. “Our small businesses aren’t concerned about inflation,” Fisher said. “Strong consumer spending […]

The submitted deals are real. The merchants are real. Everything checks out until suddenly it doesn’t. The merchants block the payments and find out they’ve been scammed.The funders find out they’ve also been scammed. But it’s too late because the money is gone and the fraudsters disappear without a trace. deBanked reviewed hundreds of court […]

Online SME lender Capify secures $125 million credit facility from Pollen Street Capital Leading online SME lender Capify has today secured a $125 million credit facility from Pollen Street Capital (“Pollen Street”), an alternative asset manager dedicated to investing within financial and business services. The new facility will support the lender’s ambitious future growth plans […]

It’s a sign of the times. State and federal organizations are launching their own business loan marketplaces to compete with the numerous ones that exist in the private sector. The latest is California which just launched its “Small Business Loan Match” tool. “We created Loan Match to ease the process of finding trusted loans for […]

It’s called a DeFi Cash Advance, a collateralized loan with 1-30 day terms. It’s just one of many products created by Teller, a peer-to-peer lending platform that relies on smart contracts to facilitate the transactions. The key word is “collateralized” because the blockchain-tethered asset doesn’t necessarily have to be crypto-native per se anymore. Virtually any […]