article thumbnail

When Micro Supply Chain Frictions Create Major Payment Bottlenecks

PYMNTS

While the payment method is far from efficient — paper requires manual data entry, expanding the risk of mistakes and fraud and taking up valuable time — it’s often the actions before the actual act of payment bogging up cash flow. That could mean improper invoicing, delays or errors in manual data entry, or lost documents.

article thumbnail

13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

The company provides flexible capital access to small and medium-sized enterprises (SMEs) with competitive interest rates and flexible options in loan tenors, payment models, and collateral participation. Akseleran connects small businesses in need of loans with groups of diverse lenders to secure necessary funding.

FinTech 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Robots Are Shaking Up The Grocery Industry

PYMNTS

It has gained speed in 2018, showing how fulfillment — in many cases, following the lead of Amazon — is relying less on human participation as eCommerce buyers continue to change their shopping habits and expectations. online supermarket operator that earlier inked a deal with Kroger for entry into the U.S. Location also plays a role.

article thumbnail

SFF 2024 Awards Highlights Fintech Innovation with Updated Categories, New AI Focus

Fintech News

Over 200 submissions were received across six categories, with 175 entries in the corporate categories and 29 in the individual Fintech Mentor Award category. Each day, approximately 500 micro and small business owners use their app to apply/request for a business loan. Four finalists were shortlisted in each category.

AI 108
article thumbnail

11 Most Promising Singapore Fintech Startups in NextGen Tech 30

Fintech News

Funding Societies Funding Societies illustration, Source: Funding Societies Established in 2015, Funding Societies is a regional fintech company that specializes in providing financing to micro, small and medium-sized enterprises (MSMEs). In 2023, the Group expanded its offerings into Germany, signaling its entry into the European market.

FinTech 109
article thumbnail

Mastercard’s Head Of Innovation: How The Microsoft Partnership Will Boost Digital Commerce Globally

PYMNTS

It’s a merging of capabilities with three primary goals: 1) to build new commerce experiences; 2) to expand financial participation in the digital ecosystem globally; and 3) to drive startup innovation to push those goals forward worldwide. We can make data that was previously invisible, visible,” Moore said.

article thumbnail

Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance. Thrive Capital, Khosla, Kleiner Perkins Caufield & Byers, and Redpoint also participated in early fundraising rounds.As Source: Square. Business lending & corporate cards.