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How Venture Debt Helps Founders Grow Their Businesses Many founders of SaaS businesses I speak with look only to equity to finance the start-up and early growth of their businesses. They may not be aware of, or do not appreciate the value of, venture debt financing which is complimentary to venture financing. In this guide […]. The post Founder’s Guide to Venture Debt appeared first on The SaaS CFO.
This week marked a historical milestone that many Americans probably missed in the course of trying to follow a news cycle that is always full, to say the least. This week an American citizen’s bank account was hacked. From space. The story, admittedly, is a bit less exciting than the setup makes it sound; it is not the case that E.T. has picked up a bad bitcoin habit and turned to a life of cybercrime to support his cryptocurrency speculating addiction.
Finance functions across many organisations are at a key point in their development. They need to evolve to create the value sought by their customers, both internal and external. What is the nature of this challenge and how prepared are they for it? What is the relevance to attaining this future state of the discussion in which the finance community is engaged?
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
The phenomenon of payments fraud is not a modern one — far from it. But as RL Prasad, SVP of payment system risk at Visa , told Karen Webster in a recent conversation, what is new today is the who and the how of fraud, particularly in a digital world. As for the who, Prasad told Webster that there are still plenty of attacks perpetrated by the more professional organized crime-modeled hacker gangs that are behind massive breaches that capture the headlines.
The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. 25). The Jackson Hole, Wyoming, conference was comprised of current and former central bankers, including Bank of England Governor Mark Carney , who has challenged the dollar’s position as the world’s reserve currency.
The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. 25). The Jackson Hole, Wyoming, conference was comprised of current and former central bankers, including Bank of England Governor Mark Carney , who has challenged the dollar’s position as the world’s reserve currency.
Here’s a thought as the unofficial end of summer draws near and a new decade looms: Pay more attention to Vietnam. No doubt you already are, but maybe pay even more attention, especially to get a better sense of how digital and mobile payment and commerce trends are playing out in one of the fastest-growing economies in the world. In a new PYMNTS interview with Karen Webster, Ryan Frere, the vice president of global payments at Flywire , made one of the latest cases we’ve heard about why Vietnam
U.S. bank PNC has begun using RippleNet to facilitate cross-border transactions, reports said Thursday (Aug. 29). Fintech Futures reported that PNC is the first U.S. bank to use RippleNet’s blockchain network to move money across borders. The solution is available to corporate clients of the bank’s PNC Treasury Management unit, according to reports, and will enable PNC to offer businesses real-time global payments.
From the biggest transactions between enterprises to the small weekly allowances doled out weekly by 70 percent of America’s parents , there are three ingredients necessary when trying to reap the many rewards of digitization. First, it has to be fast , because no one likes standing in line. It has to be safe, because trust is the grease that keeps the financial services wheels spinning.
Global payments company MoneyGram announced a new partnership with HD Bank in Vietnam to provide a home delivery service, MoneyGram said in a press release on Thursday (Aug. 29). . MoneyGram already has a home delivery network in Vietnam, but teaming with HD Bank offers customers more confidence money will arrive where it is supposed to and on time.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
While Facebook’s proposed cryptocurrency Libra hangs in regulatory limbo over concerns of money laundering and a threat to financial stability, popular social network Telegram has plans to release its own cryptocurrency by October, according to a report by The New York Times. “A whole new economy saturated with goods and services sold for cryptocurrency will be born,” the company said in 2017.
Elwood Asset Management — owned by British billionaire and Brevan Howard Founder Alan Howard — is planning a $1 billion venture into the crypto hedge fund space. The asset manager is developing a platform that would tailor portfolios of cryptocurrency funds for institutional investors, the Financial Times reported on Aug. 30. Howard is launching a $1 billion endeavor for specially-designed cryptocurrency hedge fund portfolios.
Retailers looking to engage tech-savvy millennials and Gen Z consumers are quickly doubling down on their efforts to offer more visual content and enhance the discoverability of their products and services. The need for fast, visual-based search systems is filtering into the mainstream, with Google recently revamping its Image tool to include a new user interface that allows shoppers to compare product images.
While all financial institutions (FIs) operate on customer relationships, trust and loyalty can play a larger role for credit unions. According to PYMNTS’ Credit Union Innovation Index, 65 percent of credit union members said they chose a credit union (CU) as their primary because they trusted it, as opposed to 45 percent of non-CU members who said the same.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Chinese tech giant Tencent has said it will release a version of its ultra-popular WeChat app specifically for drivers to use in cars, according to a report by Reuters. The company is teaming up with China carmaker China Chang’an Automobile Group on the function. WeChat is China’s most popular chat app, with upwards of a billion users. The app will be integrated into upcoming car models later this year.
Gaining scale as a marketplace is, by-and-large, a good thing. . It’s a sign that one has successfully found a way to reach a stable base audience with its goods or services to such an extent that it is time to think about expanding that footprint. . However, as marketplaces start gaining scale, their thoughts turn to the global marketplace and how to expand fully into it, said Yapstone Executive Vice President and Chief Product and Technology Officer Sanjay Saraf to Karen Webster in a recent
Turn off that TV show or movie — even if you are binge-watching this holiday weekend, just take a minute away from the addictive content — and wish a hearty happy birthday to the force more or less behind all your home-entertainment enjoyment. Yes, Netflix is another year old. The streaming and subscription service turned 22 on Thursday (Aug. 29). The trends sparked largely by this company since 1997 have led to new areas of commerce, new opportunities for payments and even potentially existenti
Uber is trying to reassure its customers before a tell-all book about the company is released. One excerpt of the book, authored by New York Times reporter Mike Isaac , reveals that Uber misled customers into paying $1 more per ride by telling them the rideshare giant would use the proceeds to pay for an “industry-leading background check process, regular motor vehicle checks, driver safety education, development of safety features in the app, and insurance.”.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Small businesses have historically been deemed as unprofitable by major banks, with FIs’ innovation efforts often prioritizing consumer products, followed by commercial banking offerings. The twist is, that gap in small business banking innovation led external FinTechs to step in and today, small business banking is a highly competitive, and highly innovative, area of financial services.
In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. As reported by AltFi , the People’s Bank of China (PBOC) has said that the sector represents a “new” growth engine. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.
Down supply chains, paper checks indeed remain the dominant way companies pay suppliers, logistics service providers and business partners. While the payment method is far from efficient — paper requires manual data entry, expanding the risk of mistakes and fraud and taking up valuable time — it’s often the actions before the actual act of payment bogging up cash flow.
Nike’s new Adapt Huarache shoes work with voice commands on Siri and Apple Watch , allowing owners to adjust the fit and lace and unlace their sneakers, CNBC reported on Thursday (Aug. 29). This redesign of the 1991 Nike Huarache uses FitAdapt self-lacing technology, similar to the Nike Adapt BB shoes that were announced in January. The latest iteration of FitAdapt allows for more personal preferences, environments and situations.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
California-based Imperva , a principal cybersecurity provider that works to prevent website breaches, has said it was hacked, The Next Web reported on Wednesday (Aug. 28). The popular security vendor said its cloud-based firewall product exposed user data online, including email addresses, passwords, API keys and SSL certificates. The hack affects customers using the Cloud Web Application Firewall (WAF) product.
In the quest to streamline B2B processes, and to move beyond the way things have always been done – especially when it comes to managing payments and cash flow — ePayables are gaining traction with financial professionals. As noted in a recent Optimization and ePayables Playbook , more than one-third of businesses are “enthusiastic” about adopting that innovation, with an eye on improving day-to-day operations.
To provide men’s personal care items that feel like premium brands at accessible price points, eCommerce innovators are building product lines through the direct-to-consumer (DTC) model. Take Huron , which sells body wash, face lotion and face wash through its website. Founder Matt Mullenax was inspired to start the brand after cutting his teeth in the DTC world as an early employee at Bonobos.
When Square released its first set of developer application programming interfaces (APIs) about five years ago, the focus was to attract partners able to give its sellers tools to more effectively manage their point of sale data. The archetypical example, Square Developer Platform Lead Carl Perry, told PYMNTS in a recent conversation, was QuickBooks.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
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