Biz2Credit, provider of an online marketplace for small business funding, is planning to strengthen its tech team by adding over 150 new employees in 2021 across various positions, including entry, mid and senior-level positions, according to a statement. It said, “In the past few months, the company has recorded terrific growth with a lot of…
Tag: Small & Medium Enterprises
Facebook ties-up with VC fund Matrix Partners to scale early-stage SMBs in India
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•Facebook announced that it has tied-up with early stage VC fund Matrix Partners to scale small businesses in India by providing them with digital skilling support. The tie-up with Matrix Partners is a part of Facebook’s VC Brand Incubator Program that collaborates with venture capital funds to help early-stage small and medium businesses (SMBs) to…
Mastercard commits $250mn to support small business’ financial security
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•The coronavirus pandemic has hit the global economy worse than the 2008 financial crisis. Industry experts predict that the impact of the pandemic will last longer than a year. Some industry bodies are also estimating that the pandemic would cost upto 2.5mn jobs globally. Worst-hit among all sectors of the economy, is the small scale…
Visa foundation commits $200 mn to support small and micro businesses amid coronavirus pandemic
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•It’s hard to predict how markets will react post the coronavirus crisis, so in order to absorb any unprecedented shock that could impact small businesses, major companies are holding the baton and announcing their support to small businesses thrive in such hard times. Visa Foundation has come up with a plan to support such organisations…