PYMNTS
JULY 25, 2019
challenger bank Starling Bank has introduced a new feature to let multiple business owners access a single account. Starling noted that the feature is rolling out 16 months after it first launched its bank account for single-person businesses. Today, that service is nearing 60,000 users, the bank said. throughout Europe.
PYMNTS
OCTOBER 10, 2018
. “We started with a retail current account and then we launched business accounts, first for limited companies with a single director and now for sole traders as well, and soon for multi-director limited companies,” she said. More recently, the challenger bank rolled out account services for 17- and 18-year olds.
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PYMNTS
SEPTEMBER 13, 2017
“Competition is fierce and profit margins are thinner than for any industry except retail,” the publication stated, adding that industry fragmentation and a lack of investment are also troubling trends for the space. “Construction accounting is a little more complex,” he recently told PYMNTS.
PYMNTS
AUGUST 24, 2018
Investors also took a liking to accounting technology, alternative small business finance and eProcurement, with B2B FinTech startups raising more than $107 million in all. million to the company that deploys machine learning to accelerate supplier payments in the accounts payable department. Consero Global. OfBusiness.
PYMNTS
FEBRUARY 15, 2019
The largest round of the week went to OakNorth , but other significant investments landed at supply chain management, corporate accounting and small business finance players, totaling more than $821 million in total VC funding. PYMNTS breaks down all the latest B2B funding rounds below. Chainalysis. OakNorth operates in the U.K.
PYMNTS
OCTOBER 11, 2018
Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements. Some companies may seek legal advice on adopting the new standards or interpreting loan covenants.
PYMNTS
MAY 10, 2018
Businesses are largely behind the push, with government initiatives promoting a digital economy and FinTech innovators targeting corporate payments and finance in addition to their consumer-focused endeavors. In FY2012, corporate lending accounted for half of banks’ revenues linked to advances or income interest, reports said.
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