Catering to SMBs can be lucrative due to the size of the industry, but also challenging because traditional “one-size-fits-all” approaches don't work in this sector.
American Express is solidifying its presence in the space with Business Blueprint, which will help SMBs manage their cash flow through SMB-focused UX.
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Given the current macroeconomic headwinds, debt cycles are getting created faster than they are being eliminated. Helping Americans realize their financial capabilities amid debt spirals is a challenge.
To help consumers with low credit scores build credit while saving money, Intuit has made a move to acquire SeedFi – a personal loan and credit-building platform.