Building a fintech ecosystem for SMEs

Building a fintech ecosystem for SMEs

Capital One Spark Business has announced “strategic partnerships” with two fintech companies, Bill.com and Gusto.

The aim is “to build and deliver better financial management, HR and cash flow tools designed for small businesses”, Capital One says.

This collaboration is part of the Spark Business “effort to transform and simplify the way businesses access and manage their cash flow” and the brand’s “long-term plan to build a broad ecosystem of financial technology partners”, the bank explains.

Bill.com specialises in payments solutions for banks, accounting firms and businesses.

Gusto provides an “all-in-one” HR, payroll and benefits platform.

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