Category: Small Business
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Small Business
Equifax Launches Merchant Data Network for Small Businesses
by Kyle Burbank
Equifax is launching a new service meant to help small businesses and lenders. About the Merchant Data Network: This week, Equifax announced its new Merchant Data Network. This Equifax Cloud-based service combines the bureau's commercial data with credit card transaction data to give lenders a better picture of a small business's finances. According to Equifax, this feature can help improve traditional commercial scoring by more than 8% — meaning that lenders... Small Business
Alibaba Launches Co-Branded Business Credit Card with Cardless
by Kyle Burbank
A mega-popular online retail site is introducing a co-branded business rewards credit card to the U.S. market. About the card: Alibaba and Cardless have unveiled the upcoming Alibaba.com Business Edge Credit Card. Currently, a waitlist for the card is available, with applications expected to open later this year. With the Alibaba.com Business Edge card, businesses can earn 3% cashback on purchases made on Alibaba. Alternatively, they can opt for 60-day... Small Business
Hello Alice Reveals Small Business Accelerator Expansion for 2024
by Kyle Burbank
The small businesses funding platform Hello Alice has announced expansions for its accelerator and Boost Camp programs. About the expansion: Hello Alice is partnering with enterprise partners to grow its Boost Camps accelerator programming. These programs include skill-building and grant opportunities for small businesses in the United States. Some current partners include Progressive Insurance, Antares Capital, Wells Fargo, and FedEx. While applications for the Antares Capital REACH Program and Progressive... Small Business
American Express to Acquire Tock from Squarespace
by Kyle Burbank
American Express is expanding its dining platform with not one but two acquisitions. About the acquisitions: Today, Amex announced that it will be acquiring the restaurant reservation service Tock from Squarespace (who purchased the company in 2021). The purchase is expected to be for $400 million in cash but is subject to closing conditions, customary adjustments, and regulatory approval. Amex also notes that, as part of the deal with Squarespace,... Small Business
Visa Relaunches Small Business Rewards Platform SavingsEdge
by Kyle Burbank
Small business owners with Visa business cards can once again earn rewards via SavingsEdge. About the relaunched program: Visa has officially relaunched its SavingsEdge platform following a short hiatus. The updated tool includes some enhanced features, new offerings, and more. These changes are meant to "support smarter spending and saving." According to Visa, the new SavingsEdge includes hundreds of new merchant offerings. This includes Instant Coupons and Cashback Offers in... Small Business
Wells Fargo Introduces Signify Business Cash Credit Card
by Kyle Burbank
Wells Fargo has launched a new business rewards credit card. About the Signify Business Cash Card: This week, Wells Fargo announced the debut of the Signify Business Cash World Elite Mastercard. With the card, business owners can earn 2% cash rewards on purchases with no cap. These rewards can then be redeemed for statement credits, a direct deposit into an eligible Wells Fargo account, gift cards, travel, and more. Notably,... Small Business
Barclays Reveals Winners of Fourth Small Business Contest
by Kyle Burbank
After launching its fourth annual "Small Business Big Wins" grant contest in February, Barclays has now revealed the winners. About the winners: Barclays reports that more than 4,500 businesses applied for this year's Small Business Big Wins contest. Following a finalist selection round and a public voting period, a grand prize winner has been chosen. Diversability LLC is a New York-based business dedicated to increasing the visibility of disabled people. The...