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June 17, 2023 at 11:24 am in reply to: How can fintech make a difference for my small business in the United States? #1351Beverleigh H PiepersParticipant
Fintech can make a significant difference for your small business in the United States. SMB neobanks offer seamless online banking with features like online checking, savings, and debit cards. These neobanks partner with traditional banks, ensuring reliable financial services. Fintech lending platforms provide alternative funding options, streamlining the loan application process and offering access to funding based on your business needs. Payroll management is simplified through real-time payments and salary advance platforms, enabling employees to access their earnings promptly. Fintech solutions also streamline payment processes, reducing time and costs associated with international transactions and invoice payments. Integrated expense management platforms simplify expense tracking and reimbursement requests while minimizing fraud risks. Fintech provides personalized, user-friendly tools for efficient financial management.
May 5, 2023 at 10:43 am in reply to: In what ways is lending fintech assisting small businesses in addressing their cash flow challenges? #1310Beverleigh H PiepersParticipantManaging cash flow is a major challenge for micro-entrepreneurs, with 82% of small businesses failing due to poor cash flow management. Many entrepreneurs lack the necessary financial skills and funding to support their business expenses. Fintech is playing a crucial role in addressing these challenges and changing how small businesses manage cash flow. Fintech tools and lending solutions help entrepreneurs access funding, automate financial processes, and make informed financial decisions.
Fintech lending also offers soft credit pulls, reducing credit rating concerns. Invoice factoring allows small businesses to sell receivables to lenders, ensuring cash flow. Crowdfunding platforms provide alternative financing options and help businesses connect with potential customers. Fintech lending empowers small businesses to overcome cash flow challenges and fuel growth and expansion.
February 21, 2023 at 10:58 am in reply to: What role fintech may play in transforming micro, small, and medium-sized enterprise (MSME) credit and financing? #1245Beverleigh H PiepersParticipantIndia has one of the fastest-growing fintech industries in the world, with more than 2,000 fintech startups and a dozen of fintech unicorns. A critical enabler of this growth has been the India Stack, a digital infrastructure project introduced more than a decade ago. The India Stack aims to create a unified software platform for governments, businesses, startups and developers, and seeks to promote financial inclusion, improve the delivery of public services and benefits, and increase competition in the Indian financial sector.
India has also witnessed the rise of so-called neo-banks over the past years.
Neobanks are fintech startups that offer “”over-the-top”” services to consumers, relying on the bank’s balance sheet to lend and issue deposit from. They specialize in either retail banking or SME banking, offering digital checking accounts, savings accounts, personal financial management tools, investment products, credit facilities and foreign exchange services. Popular neobanks serving Indian consumers include Niyo, Freo, Fi Money, and RazorPayX.January 24, 2023 at 4:28 am in reply to: What are the most important elements to consider when comparing ecommerce finance alternatives? #1204Beverleigh H PiepersParticipantA business owner may wish to collaborate with an eCommerce financing provider for a variety of reasons. However, it is important to consider the following factors before selecting an eCommerce financing firm.
1.They must give capital with an awareness of the dynamic character of the company.
2.They must be adaptable or offer adaptability.
3.They must expedite the transfer of monies to you.
4.Minimal application process
5.Decreased capital costs
6.Do they consider your company’s profitability?January 11, 2023 at 5:15 am in reply to: List the advantages and threats of utilizing supply chain financing operations for MSMEs. #1125Beverleigh H PiepersParticipantHi,
SCF is advantageous for both suppliers and buyers since it provides financial stability and predictability within a stable partnership. Cash received immediately, as opposed to later, affords suppliers the opportunity for business expansion. The enhanced resilience of the supply chain promotes stability and profitability for the Buyer.
On the other side, banks are growing to be conservative with their loan models, and when combined with more stringent banking rules, credit is neither as affordable nor as available as it once was. As a result, traditional banks are becoming increasingly difficult for SMBs to secure credit. The research found that the Asian Development Bank denied 50% of SME trade loan applications.
January 5, 2023 at 1:40 pm in reply to: Can you explain the key distinctions between the NASDAQ Capital Market and the NASDAQ Global Market for Small and Medium-Sized Enterprises? #1084Beverleigh H PiepersParticipantCompanies seeking listing on the Nasdaq Capital Market must satisfy the following criteria: to have a net income of $750,000; should have public float of at least 1,000,000 shares; have minimum 300 investors; and have a share minimum bid of minimum $4. (with a few exceptions).
There are 1,450 equities included in the NASDAQ Global Market Composite index, which is a representation of the NASDAQ Global Market on a global scale. Comparing it to the Global Select Market Composite, the Global Market Composite is more accessible to a wider audience.
December 23, 2022 at 11:35 am in reply to: What are the reasons for Nasdaq First North’s application to join the members of the SME Growth Market? #1046Beverleigh H PiepersParticipantNasdaq First North is one of Europe’s major markets for SMEs. First North’s equity divisions now have access to EU-created regulatory reliefs because to the market’s designation as a Small and Medium-Sized Enterprise Growth Market. The change is anticipated to raise Nasdaq First North’s prominence abroad and entice additional foreign investors to the platform. Nasdaq is optimistic that the SME Growth Market designation on Nasdaq First North will provide the market with an extra quality stamp as one of this EU framework, in addition to the decreased administrative burden that has been highlighted. The expansion of Nasdaq First North Growth Market’s global profile is intended to attract more overseas investors and issuers, making for a more active and dynamic market.
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