Fintech solutions geared at small- and medium-sized businesses (SMBs) are rapidly gaining traction.
Large tech companies like Square, Shopify, and Amazon are increasingly lending to small businesses on their platforms to spur mutually beneficial growth. Amazon, for instance, offers corporate cards to customers and has inked partnerships with banks like Goldman Sachs to underwrite loans. Financial services incumbents have also taken notice, as evidenced by American Express‘ acquisition of SMB lender Kabbage in August 2020.
Free Download: State of Fintech q2’20
Fintech funding rebounded in Q2’20 but deal activity continues to fall. Get the report to learn more.
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