Category: Small Business News

Amex Partners with Extend to Offer Small Businesses Virtual Cards

There's no question that the payments landscape has evolved greatly in just the past few years. In addition to the growing popularity of mobile and contactless payments, another technology that started to catch on is virtual cards. These uniquely generated cards can be used for one-time purchases, subscriptions, or just about anything else. Now, American Express is making virtual cards more readily available to small business owners in the United...

Gopuff Reveals First “Put Me On” Small Business Accelerator Participants

Business owners in the consumer packaged goods market interested in growing their brand may want to draw their attention to Gopuff's latest news. This week, the delivery platform officially launched its "Put Me On" small business accelerator. Developed in partnership with NBA superstar Chris Paul, the program aims to support entrepreneurs from historically underrepresented groups by partnering them with industry leaders and helping them to grow their businesses. Throughout the...

PepsiCo Launches Platform Supporting Hispanic-Owned Small Businesses

PepsiCo is doing its part to help small business owners across the United States with its latest efforts. Juntos Crecemos (translating to "Together We Grow") is a $50 million platform specifically aimed at Hispanic-owned restaurants, bodegas, and carnicerías. It's also part of PepsiCo's Racial Equality Journey Hispanic Initiative, which was announced last year. The Juntos Crecemos platform has several components, ranging from info and resources to additional programs. For example, the Hispanic Digital &...

BankUnited Launches Inaugural Women in Business Challenge

Women-owned businesses that could use an extra $10,000 might be interested to hear about the latest small business challenge. BankUnited's inaugural “Small Business, Big Dreams” content is now accepting entries through September 23rd. However, applicants must be based in either New York or Florida and be at least 51% women-owned. Additionally, the content defines "small businesses" as those with annual revenues of no more than $3,000,000 for the previous two...

U.S. Bank Set to Acquire Small Business Banking Service Bento

A FinTech and a major financial institution are coming together to offer better solutions to small business owners. This week, U.S. Bank announced plans to acquire the San Fransisco-based Bento Technologies — better known as Bento for Business. The purchase terms of the deal were not disclosed but the transaction is expected to close next month. Previously, Bento had raised a total of $18.5 million, with the most recent round...

Paychex Small Business Jobs Index Jumps in July

On the heels of news that the United States economy grew 6.5% last quarter, the latest Paychex | IHS Markit Small Business Employment Watch report found a sharp increase in small business job growth as well as a significant bump in hourly wages these businesses pay. In July, the Small Business Jobs Index increased by 0.85 points to reach 99.36. This actually marked the second largest single-month jump since 2010....

Square Launches Square Banking Suite for Small Business Owners

Over the past few years, Square has expanded from being a small business point of sale solution to offering a variety of financial services to consumers and business owners alike. Now, the company is furthering those efforts by once again focusing on the needs of small business owners. Following the debut of Square Financial Services — Square's industrial bank — in March, the FinTech recently rolled out Square Banking. Square...

Mastercard and MLB Announce Home Team Advantage Small Business Contest

Just in time for the annual All Star Game, this week, Mastercard and Major League Baseball announced that they were extending their long-held partnership. More importantly, the two entities also revealed that they're teaming up for the Home Team Advantage Small Business Contest. This edition of the contest is open to business owners in three baseball cities: Los Angeles, Boston, and Atlanta. One grand prize winner from each of these three...