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Six in 10 UK Small Businesses Say Late Payments Are Preventing Them From Reaching Their Full Potential

Fintech Finance

A new report from bank payment company GoCardless , commissioned through the Federation of Small Businesses (FSB), has revealed late payments are not only a perennial concern for small and medium businesses (SMBs) — theyre a growing one too. The perceived lack of control varies based on the payer.

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Cross-Border Payments in Numbers: Global Corporations Lost $120 Billion in Transaction Fees

Fintech Finance

Challenges to financial inclusivity Cross-border payment challenges disproportionately affect low-income individuals and small businesses in developing regions. Many small businesses depend on cross-border trade to expand their operations.

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GoCardless Report Highlights the Domino Effect of Late Payments and Calls for Change

The Fintech Times

While late payments are a constant concern for small and medium businesses (SMBs), their impact continues to grow, according to a new report from bank payment company GoCardless. Meanwhile, 50 per cent revealed concern over the number of late payments rising over the next 12 months.

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Banking-as-a-Service Tops This Week's B2B VC Roundup

PYMNTS

With nearly $90 million in new funding landing at B2B FinTechs this week, investors showed off a diverse range of focuses, from procure-to-pay to small business payments. Digital small business payment services provider Statrys , based in Hong Kong, announced $5 million in fresh funding. and Hong Kong.

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Nigeria's Challenger Bank Kuda Raises $10M For Its Mobile-First Services

PYMNTS

Kuda's bank works with customers and will soon add a capability for small businesses. Kuda launched in 2019 and has since racked up almost 300,000 customers, including some small businesses as of late, the report stated. The company processes around $500 million in transactions per month.

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Technology: SME Friend And Foe

PYMNTS

Technology has the power to help a business rise up from the competition. From spend data analytics to cybersecurity detection, innovative tools in FinTech enable companies to gain visibility into the performance of their business. Small businesses, too, have an appetite for technology. 78% of U.S.

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How Payment Variety Drives Collections Flexibility For SMBs

PYMNTS

In the B2B world, however, small businesses offering payment choice is less about a positive customer experience and more the result of how a customer demands a certain payment experience. Time is of the essence for B2B small businesses,” said Gray. “To Accelerating Collections. Finding Flexibility.