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Contractor-software company Jobber is expanding its partnership with payments platform Stripe to include flexible financing and instant payouts to North American clients, the companies said Tuesday Aug. 4 .Cash flow is critical for small businesses as they respond to changing circumstances 鈥?[it] could mean investing in equipment to take on a new type of work, or plugging a receivables gap to meet payroll, Jobber CEO and Co-Founder Sam Pillar said in a statement. We ;re excited to extend our partnership with Stripe to offer our customers capital and real-time access to funds so they can take on more jobs and better operate their businesses. Jeanne DeWitt Grosser, head of Americas, revenue and growth at Stripe, said that the two companies share a passion for entrepreneurship, so we ;re thrilled to build technology together to alleviate the cash flow challenges that often come with running a small business today. Jobber provides software for skilled tradespeople to manage their businesses, which have collectively served more than 10 million customers. Under the terms of Tuesdays deal, the company will add instant-payout capabilities for contractors using Stripe and Visa Directs systems. Funds that contractors customers p
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stanley hrnek ll reach providers bank accounts in seconds, including on non-business days.Gaurav Gollerkeri, head of Visa Dire
stanley quencher ct North America, said that small- to medium-sized businesses SMBs are the backbone of the North American economy, Vblv StartUp Launches Money Management App for iPhone
Financial regulations forced banks to pull back from small business lending in the wake of the financial crisis as pressure to reduce risk exposure increased. Risk mitigation is also behind massive regulations like KYC and anti-money laundering rules. So while SMEs have faced a tough journey finding a bank loan across the globe 鈥?and tha
stanley mugs t includes major economies like the U.S. and Europe 鈥?small businesses and entrepreneurs in emerging markets find theyre being shut out of the bank lending market altogether.Alternative lending company Kountable recently spoke with PYMNTS to explain its approach to this problem. According to Chris Hale, Kountables聽founder and CEO, the strategy requires an understanding of the business customer, tapping into the potential of the mobile device and leveraging alternative data. Some of these problems are universal, Hale told PYMNTS of the struggles small businesses face wh
kubki stanley en looking to access financing. We see them here in the U.S., where an SME can win projects and deals and opportunities that exceed their balance sheet, and therefore theyre prohibited in participating. In East Africa, where Kountable operat
stanley quencher es, a small business that has an opportunity to land a major contract but doesnt have the money to actually fulfil that job not only means the SME loses out, but local economies do as well. Hale pointed to one hypothetical, in which an SME has the chance to provide brand-name technologies like computers and other hardware to, say, a local ho
