Swoop Finance

“Synchrony’s borrowers show VantageScore credit scores, and 73% of the card portfolio score 651 or higher; there’s a similar percentage of installment loan borrowers in Synchrony’s portfolio with similar scores,” PYMNTS wrote. https://lnkd.in/gBccisvJ #equipment #equipmentfinance #technologyfinance #techfinance #pointofsalefinance #fintech #swoopbusinesssolutions

#Fintechs this is a Must Read - “The rise of #subscription #economy: a win-win for #consumers and #businesses” Key Takeaways: ⇨ The average consumer spends approximately $133 per month on subscriptions, totaling around $1,600 annually, with 42% of consumers paying for forgotten subscriptions. ⇨ The subscription economy has grown by 435% over the last decade and is projected to reach a #market size of $1.5 trillion by 2025, indicating its permanence as a #business model. ⇨ #Businesses are increasingly adopting subscription and servitization models, providing continuous #revenue streams and tailored services that enhance #customer #loyalty and #satisfaction. https://lnkd.in/gbtAbrQf. #payments #merchant #merchantservices #equipmentfinance #equipmentleasing #SaaS #technology #pointofsale

#Fintechs this is a Must Read - “The rise of #subscription #economy: a win-win for #consumers and #businesses” Key Takeaways: ⇨ The average consumer spends approximately $133 per month on subscriptions, totaling around $1,600 annually, with 42% of consumers paying for forgotten subscriptions. ⇨ The subscription economy has grown by 435% over the last decade and is projected to reach a #market size of $1.5 trillion by 2025, indicating its permanence as a #business model. ⇨ #Businesses are increasingly adopting subscription and servitization models, providing continuous #revenue streams and tailored services that enhance #customer #loyalty and #satisfaction. https://lnkd.in/gbtAbrQf. #payments #merchant #merchantservices #equipmentfinance #equipmentleasing #SaaS #technology #pointofsale

“Bank-owned leasing institutions in the secondary market are focusing heavily on returns, credit quality and credit spread. Many increased their cost of funds or contend with pricing floors, particularly for longer-term deals. Key Equipment Finance’s cost of funds have returned to competitive levels, allowing us to focus on anchoring a portion of large strategic deals for our clients. This strengthens Key's balance sheet while enabling our clients to acquire the assets they need to grow their businesses.” https://lnkd.in/etv67e_Q #BNPL #finance #POS #pointofsale #merchant #paymentsolutions #merchantservices #fintech #equipmentleasing #equipmentfinance #business #loan #businessloan

Which new Elon Musk #technology would you like to see available on a #Swoop #Subscription #finance plan? How will #payments be processed in these #autonomous #technologies? Hmmm…share your thoughts ⬇️

Swoop Finance was the first to bring #subscription’s that allow #ISOs upfront #funding commissions for #SaaS Point of Sale #technology sales. We believe this is the future, and apparently so does Mastercard. ⬇️ “Mastercard agrees to buy subscription management startup Minna. According to Juniper Research, there are 6.8 billion subscriptions globally - a number is expected to jump to 9.3 billion by 2028.” https://lnkd.in/eFyUShSR #POS #fintech #payments #leasing #equipmentfinance #Pointofsale #merchantservices #payments

Welcome to this enlightening episode of "The Payments Podium," where today we will dive deep into the evolving world of point-of-sale (POS) technology and its impact on small businesses. Join us as our host, alongside special guest George C. from the pioneering company Swoop Business Solutions explores the seldom-discussed but critical aspects of #POS systems. We address the pressing issues small businesses face, debunk the myth of complexity in electronic payments, and reveal how modern POS #technology can do much more than just process payments. From enhancing customer experience with seamless transactions to integrating payroll, accounting, and inventory management—all within a budget that small businesses can afford—this episode is a treasure trove of insights for #entrepreneurs looking to leverage technology to thrive. George also sheds light on the friction points within electronic #payments and offers practical advice for businesses aiming to offer a broad range of payment options without the burden of excessive fees. Whether you're a local food truck owner, a salon proprietor, or run a small landscaping service, this episode is packed with actionable strategies to upgrade your POS system, reduce operational friction, and set your business up for #success. Plus, don't miss our discussion on the future of POS technology and how instant payments could reshape the landscape. Tune in to discover how to make technology work for your small #business and stay ahead in the digital age. https://lnkd.in/gvR9tWyG #swoopfinance #equipmentleasing #leasing #finance #merchantservices

#Swoop has some amazing space that just became available at our corporate facility in Long Grove, IL. A truly incredible location. Pass on to anyone you know who may be looking for space in the Greater Chicago area. *Three Months Free Rent with a New Lease* *Short Term Options Available* Three office suites available in a well-maintained landmark corporate office building in Long Grove are available for lease. Suite are: 1,308 RSF. (Can be combined with Suite D to make 3,837 RSF) . Both can be combined to encompass the right wing of the second floor. Suite H is 2,085 SF. There are several single executive suites. All suites boast a spacious open layout, private offices, beautiful views, and free included available high-speed fiber internet. Potential to have office(s) come furnished. Rent includes kitchenette on each floor, heating, A/C, and Electric. The office suites are part of a 26,180 square foot Class A type office building on a 8+ acre lot that backs up to a forest preserve. The building amenities include a centrally located elevator, wired training and conference facilities, complete cafeteria and dining facilities with gas fireplace, workout facility with men's and women's locker rooms with showers, elegant lobby area, meeting rooms, and ample parking. Janitorial included 3 times per week. See pictures in link below: https://lnkd.in/gkKm6A4S #office #officespace #fintech #leasing #finance #realtor #broker #chicago #longgroveil #lakecountyil #lakecounty #lakezurich #barrington #buffalogrove #vernonhills #payments #pointofsale #doctor #dentist #owner #owneroperater #insurance #billing

“I am a little more skeptical than other people. I give it lower odds,” Dimon said during The Atlantic Festival, Bloomberg reported Friday. Dimon said that while inflation has come down, it can come down more and it is unlikely to go away easily, according to the report. He has been warning for over a year that inflation could remain sticky due to deficit spending, a “remilitarization of the world” and other drivers, the report said. Dimon’s comments come two days after the Federal Reserve lowered its benchmark interest rate by one-half percentage point. He had said before the Fed’s decision that whether the cut amounted to 25 or 50 basis points, it would not be “earth-shattering” in terms of promoting a soft landing. “Down the road, whatever it is, we’ll deal with it,” Dimon said Friday, per the report. “Economists are used to dealing with that. It’s not a disaster.” Dimon told CNBC on Aug. 7 that the likelihood of a soft landing was 35% to 45%. https://lnkd.in/gtspB63a #payments #finance #fintech #equipmentleasing #merchantservices #banking #operator #owner #owneroperator #pointofsale #retail #restaurant

“The Cost of Doing Nothing Isn’t Nothing! In business, the status quo often wins. And there are good reasons for that, as making a big change comes with risk as well as investments of money and valuable time. But when it comes to your tech stack, the cost of doing nothing isn’t nothing. Failing to modernize technology eats into your margins at a time when efficiency is critical. Modernizing cuts costs while facilitating growth. For strategic operators, there can be little doubt. Outdated technology doesn’t cut it. It’s time to leap into the future.” https://lnkd.in/gkQzSBJj #finance #software #fintech #equipmentfinance #softwarefinance #business #loans #paymentsolutions #mervhantservices #legacysoftware