Home News Alt. Financial Services B2B Payments Financial Inclusion International Loyalty & Rewards Merchant Innovation Mobile tubeplus Commerce Payment Methods Regulation Security & Risk Social Commerce Point of Sale Opinion Karen Webster David S. Evans PYMNTS Contributors Exclusive Series EMV: The Next Twelve Months 100 Innovations in Payments Developer tubeplus Lab Series CEO Series Playmakers QSR & tubeplus Mobile Omnichannel Series Regulation Series Tracker Series Security Series Data & Research tubeplus Vantiv OmniReadi Index X-Border Payments Optimization Index PII360 Investment Tracker Apple Pay EcoSystem Bitcoin Tracker MPOS Tracker Media Center Webinars Webinar Archives The Weekender Company Spotlight CA Technologies tubeplus Mastercard Monitise TSYS Vantiv tubeplus PayAnywhere Oberthur Technologies Events B2B Conference Retail Reinvention tubeplus Week, October 20-24 Innovation Project 2015 Summer School 2014 Newsletter Signup About Media Kit Terms & Conditions Contact tubeplus 2014 1st in Media, LLC
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FundThrough, based in Canada, launched operations in the nation last Monday (Feb. 23) after announcing a $2.2 million funding round, reports said . The company s most attractive selling point for small businesses is its platform: SME owners can access working tubeplus capital from FundThrough by simply tapping a button on their smartphone.
Small businesses can t get access to the capital they need to grow from banks, FundThrough CEO and co-founder Steven Uster said. By using technology, we can make it convenient for small business to get the capital they need. They can access capital with one tap on their iPhone; it s that easy.
Offering small business financing through a smartphone is an innovative strategy, but the company s methods for determining tubeplus which businesses will be granted a loan are similarly progressive. The company reportedly has a list of criteria businesses need to meet to be approved. When researching these firms , FundThrough looks at the company s customers and open invoices to determine how much those customers will pay and have already paid.
Companies submit open invoices to FundThrough, meaning the lender receives a snapshot of SMEs current tubeplus cash flow. Once those invoices have been uploaded to FundThrough, Uster said loan approvals can be granted in only a matter of seconds.
This process, Uster added, means FundThrough tubeplus is not relying on these small businesses to pay back the loans, but is relying on the customers of those businesses. We re bridging that gap so you can have money today and when invoices are paid, then we get paid back, he said.
For tubeplus lenders, assuring that your borrower can pay back the cash is crucial, especially as a recent report found that small business borrowers tubeplus in Canada are more frequently tubeplus failing to pay back their loans and more invoices are turning delinquent.
B2B Payments
B2B Payments tubeplus
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Inside Digital River’s Data Driven Approach To International Expansion
Pinterest Now Valued At $11 Billion
The Definitive Innovation Project tubeplus Cheat Sheet
Omnicommerce Retail Model Of The Future
Investment Tracker
What s Holding mPOS Back In Big Retail?
Elizabeth Buse Named Co-CEO At Monitise TSYS
Innovation Project 2015
FundThrough, based in Canada, launched operations in the nation last Monday (Feb. 23) after announcing a $2.2 million funding round, reports said . The company s most attractive selling point for small businesses is its platform: SME owners can access working tubeplus capital from FundThrough by simply tapping a button on their smartphone.
Small businesses can t get access to the capital they need to grow from banks, FundThrough CEO and co-founder Steven Uster said. By using technology, we can make it convenient for small business to get the capital they need. They can access capital with one tap on their iPhone; it s that easy.
Offering small business financing through a smartphone is an innovative strategy, but the company s methods for determining tubeplus which businesses will be granted a loan are similarly progressive. The company reportedly has a list of criteria businesses need to meet to be approved. When researching these firms , FundThrough looks at the company s customers and open invoices to determine how much those customers will pay and have already paid.
Companies submit open invoices to FundThrough, meaning the lender receives a snapshot of SMEs current tubeplus cash flow. Once those invoices have been uploaded to FundThrough, Uster said loan approvals can be granted in only a matter of seconds.
This process, Uster added, means FundThrough tubeplus is not relying on these small businesses to pay back the loans, but is relying on the customers of those businesses. We re bridging that gap so you can have money today and when invoices are paid, then we get paid back, he said.
For tubeplus lenders, assuring that your borrower can pay back the cash is crucial, especially as a recent report found that small business borrowers tubeplus in Canada are more frequently tubeplus failing to pay back their loans and more invoices are turning delinquent.
B2B Payments
B2B Payments tubeplus
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