Tag: expand

SBA Awards $19 Million to Expand Small Business Exporting

The MarketWatch News Department was not involved in the creation of this content.

Washington, Sep 25, 2020 (GLOBE NEWSWIRE via COMTEX) —
Washington, Sept. 25, 2020 (GLOBE NEWSWIRE) — The U.S. Small Business Administration announced today that 48 state international trade agencies successfully competed for $19 million in grants to support export growth among small businesses through SBA’s competitive State Trade Expansion Program (STEP).

“The SBA is committed to assisting small businesses to enter and prosper in the global marketplace,” said Loretta Greene, Associate Administrator for SBA’s Office of International Trade. “Through SBA’s STEP awards, states provide small businesses with the critical funding they need to thrive internationally while creating jobs and strengthening their communities.”

The opportunities for small businesses to grow by exporting are substantial, especially during this unprecedented time. The COVID-19 pandemic has resulted in a paradigm shift to increased web-based sales and virtual trade missions to reach

Read More

Visa And EBANX Expand Collaboration In Brazil

In today’s top payments news around the world, international FinTech firm EBANX and Visa have grown their partnership, while Delivero is reportedly the latest startup to consider going public. Plus, Ant Group has rolled out its Trusple blockchain platform.

Visa, EBANX Grow Partnership For Commerce In Brazil

EBANX and Visa said they have expanded their strategic collaboration sealed by a participation agreement with Visa do Brasil for Visa’s Money Transfer Merchant Program. The partnership makes the relationship between the two companies stronger and is centered around offering payments services to international websites that sell to Brazil through EBANX offerings as well as shoppers in the nation who buy from them.

U.K. Food Delivery Startup Deliveroo Considers IPO

Deliveroo is the newest startup to mull over having an initial public offering (IPO). The British digital delivery platform has reportedly had discussions with possible investors

Read More

Trump unveils plan to expand loans for Black business owners, Juneteenth pledge

President Trump unveiled what he calls the “Black Economic Empowerment — Platinum Plan,” at a campaign event in Atlanta, Georgia on Friday, promising to secure more lending for Black-owned businesses if elected for a second term.

Why it matters: With national polls showing the president lagging behind Joe Biden with Black voters, Trump’s plan also includes a proposal to make Juneteenth — the commemoration of the end of slavery in the U.S. — a federal holiday.

By the numbers: The Trump campaign said in a release that federal investments could generate $500 billion in additional capital, generate 3 million new jobs for Black Americans and 500,000 new Black-owned businesses.

  • The other side: Biden has pledged to leverage $150 billion in new capital for Black-owned businesses and increase funding for historically Black colleges and universities. Sen. Kamala Harris along with fellow Senate Democrats introduced legislation earlier this year to make Juneteenth
Read More

Counterculture clothing store ‘The Alley’ to close its Lakeview storefront to expand online business

CHICAGO (WBBM NEWSRADIO) — The counterculture clothing store “The Alley,” in Chicago’s Lakeview neighborhood, is moving and shifting focus to a largely on-line business model.



a sign above a store: The counterculture clothing store “The Alley,” in Chicago’s Lakeview neighborhood, is moving and shifting focus to a largely on-line business model.


© Provided by WEEI
The counterculture clothing store “The Alley,” in Chicago’s Lakeview neighborhood, is moving and shifting focus to a largely on-line business model.

“It’s the boss, guess what? We are moving.”

The boss, the owner of The Alley, Mark Thomas made the announcement in a video posted on social media.

“We’ve done pretty good over here. We’ve actually done well after COVID, but the future is the internet,” Thomas said. “We need to grow. We need to grow into this. We need to change our business model.”

The new location, on the 2600 block of West Fletcher, is expected to be open early next month.

“The building over on Fletcher has got 120 of our music and art tenants. It’s where we do

Read More

Small business challenger bank Finom raises another $12 million to expand in Europe

Bloomberg

Evergrande Warns of Looming Cash Crunch, Spooking Investors

(Bloomberg) — The world’s most indebted developer has warned Chinese officials it faces a potential default that could roil the nation’s $50 trillion financial system unless regulators approve the company’s long-delayed stock exchange listing. Shares rebounded after earlier declines while bonds fell.China Evergrande Group mapped out the scenario in an Aug. 24 letter to the Guangdong government seen by Bloomberg, in which the company sought support for a restructuring proposal needed to secure the listing and avert a cash crunch.Some of Evergrande’s biggest strategic investors have the right to demand their money back if the company fails to win approval for a backdoor listing on the Shenzhen stock exchange by Jan. 31. If investors refuse to extend the deadline, Evergrande will need to repay as much as 130 billion yuan ($19 billion), equivalent to 92% of its cash and cash equivalents.That

Read More

Meten EdtechX to expand language training offering through investment in Senmiao Education

SHENZHEN, China, Sept. 24, 2020 (GLOBE NEWSWIRE) — Meten EdtechX Education Group Ltd. (NASDAQ: METX) (“Meten EdtechX” or the “Company”), a leading English language training (“ELT”) service provider in China, today announces that it has entered non-binding negotiations with Beijing-based Senmiao Maoyi International Information Technology Co., Ltd. (“Senmiao Education”) for a potential investment in the company.

Adding Italian language training to its offering will mark another milestone in Meten EdtechX’s growth strategy, building on the success of the Company’s launch of Japanese language training at the start of 2020.

Founded in 2005, Senmiao Education is China’s largest European language training institution abroad and one of the largest European education agencies in China. It has six campuses (Beijing, Shanghai, Guangzhou, Chongqing, Zhengzhou, and Wuhan) and one teaching site (Nanjing) in China, along with four campuses in Italy, making it the only Chinese language school with a campus in Italy. Senmiao Education

Read More

PayPal, Mastercard Expand Debit Card Offering

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms.

PayPal, Mastercard Add 5 EU Countries To Debit Card Offering

PayPal and Mastercard are bringing the PayPal Business Debit Mastercard to additional companies in Europe. The firms said the card is now available in Spain, Ireland, Italy, Austria and France beyond its availability in the U.S., Germany and the United Kingdom. Small companies can have instantaneous access to their PayPal funds and unlimited 0.5 percent cash back on qualified spending with the debit card.

ECB’s Christine Lagarde Pushes For Digital Euro

ECB President Christine Lagarde advocated for the digital euro

Read More

Mastercard Announces Fintech Express to Empower MEA Fintechs to Launch and Expand Rapidly

  • Mastercard’s new Fintech Express program provides tailor-made solutions that boost market entry and expansion for regional fintechs
  • The program supports digital payment innovators by making it simple to collaborate with Mastercard and its extensive partner network to launch new fintech products
  • Mastercard Fintech Express enables participants to create new tech alliances designed to propel fintechs from concept to market in a matter of days

Dubai, UAE – 23 September 2020: Mastercard has launched Fintech Express in the Middle East and Africa, a program designed to facilitate emerging fintechs’ launch and expansion. Leveraging the power of partnerships and Mastercard’s expertise, technology, and global network, startups will now be able to focus on innovation that drives the digital economy.

Mastercard Fintech Express is designed for all types of fintechs: established fintechs wanting a direct license from Mastercard; as well as fintechs with the ambition to innovate through collaborating with ready-to-go Mastercard Engage

Read More

Starting on the West Side, a push to expand internet access to San Antonio students could reach 20,000 in 12 months

To keep our community informed of the most urgent coronavirus news, our critical updates are free to read. Ongoing coverage is available to subscribers. Subscribe now for full access and to support our work.

Up to 2,400 West Side students currently without internet access at home could have it by December under San Antonio’s Connected Beyond the Classroom program, the city’s Office of Innovation said Tuesday.

The effort to bridge the digital divide for students in underserved areas — which became a crisis spawned by the need for remote learning during the coronavirus pandemic — will eventually provide internet access to up to 20,000 students at no cost, Brian Dillard, the city’s chief innovation officer, told a City Council committee.

About one-fifth of San Antonio households with children don’t have ready access to the internet, a survey conducted earlier this year found. The city invested $27.3 million from its general

Read More

PayPal and Mastercard Expand Debit Card Offering to More European Businesses

Classified in: Science and technology, Business, Covid-19 virus
Subject: SBS

SAN JOSE, Calif. and BRUSSELS, Sept. 23, 2020 /PRNewswire/ — Today, PayPal (Nasdaq: PYPL) and Mastercard (NYSE: MA) announced that they are continuing the global expansion of the popular PayPal Business Debit Mastercard. The debit card makes it easier for small businesses to have instant access to their PayPal funds and gives them unlimited 0.5% cash back1 on all their eligible spending.

The PayPal Business Debit Mastercard is now available in five new European countries – Austria, France, Ireland, Italy and Spain – in addition to its existing availability in Germany, the United Kingdom and United States.

Mastercard is the one of the most widely accepted cards in the world, meaning PayPal’s business customers can now spend money held in their PayPal account at over 52 million Mastercard acceptance locations worldwide2.

Read More