According to the latest State of Small Business Report by IOU Financial, 78% of businesses are concerned about the cost of goods/inflation and a possible recession. The report also revealed increasing worries about public health with 51% expressing their concern, while other major concerns include access to funding and hiring qualified staff. Read more
Global e-commerce platform Lightspeed has significantly increased its commitment to the MCA space, doubling its outlay quarter-on-quarter to $18.5m, up from $8.3m. Lightspeed CFO Asha Bakshani highlighted the tremendous potential for growth in this business, stating that if the company were to give out 1% of its Gross Transaction Value (GTV) in MCAs, it would amount to almost $1b. Read more