New apps and digital tools have emerged to help MSMEs analyze their sales to build cash flow statements, improve operations and gain access to working capital facilities.
GreenSky offers loans to individual consumers and financing for small businesses. Through the idea that payment, credit and commerce can be enhanced using technology and elegant user experiences, GreenSky delivers a service that helps business grow and delight their customers.
BlueVine provides flexible working capital financing to small and medium-sized businesses, giving them quick access to funds needed to purchase inventory, cover expenses, or expand operations. BlueVine developed a fully-online cloud-based platform for invoice factoring, and also offers Flex Credit, business line of credit financing based on 6-month and 12-month payment terms.
Konfio is an online lending platform that grants loans online to small businesses loans to help them grow their operations and develop their businesses.
Fundbox helps small business owners overcome occasional short-term cash flow gaps by advancing payments for their outstanding invoices.
Kabbage lends to small businesses and consumers online using data such as revenue, accounting data, business transactions, shipping data, social media and other sources to understand a business’s overall health and calculate credit lines throughout the customer lifecycle.
Funding Circle is a lending platform focused exclusively on small businesses, matching established and creditworthy businesses who want to borrow with investors who want to lend in the US, the UK, and Continental Europe.
Nav.com helps small business owners in the US get access to funding and lower their borrowing costs. Its app provides them free access to their credit reports and scores. It also provides cash-flow analysis, tools to help build business credit and a marketplace with more than 100 financing products.