Skip to main content

Small Business Solutions

Open for business

Power your customers’ growth stories with smarter data, valuable analytics and game-changing insights for small businesses (SMBs).

Book a demo
Small business owner

Empowering meaningful connections

SMBs are fully embracing the promise of an open financial ecosystem.

92%

of business respondents believe open finance will become standard for digital transactions in the next five years1.

19 in 20

B2B leaders recognize the importance of having the latest technology for data-driven business lending decisions1.

88%

of businesses would use open finance solutions to facilitate payments for online checkout1.

Article

Mastercard Open Finance empowers small businesses in the US with service that enhances credit access

Mastercard’s Small Business Credit Analytics is improving underwriting, helping small businesses grow and advancing financial inclusion.

Read now
Restaurant owner on her phone

Partners in prosperity

Unlocking opportunity with open finance is creating a stronger future for businesses, one success story at a time.

Eliminating financial hurdles and introducing small business owners to capital opportunities they may not know exist can extend the spirit of entrepreneurship to more people.

Denada Ramnishta Senior Vice President of Lender and Partner Strategy Lendio

Smarter data, stronger business

Mastercard open finance leverages a world-class network to unlock real-time insights, optimize user experience and enable better outcomes for your SMB customers. 

Boost icon

Boost customer acquisition and engagement

Business account opening and funding:

Maximize new-customer value and reduce risk with quick and seamless onboarding of small businesses*.

Risk icon

Extend accessible financing while reducing risk

Lending and credit decision monitoring:

Leverage next-generation insights to support more informed small business lending insights. 

Smart icon

Enable smarter business decisions — anytime, anywhere

SMB financial management tools:

Deliver real-time account insights for better cashflow and expense management.

B2B payments icon

Facilitate reliable B2B payments

ACH payments for B2B:

Increase payment success with validated account details from a Nacha preferred partner.

Forecasting icon

Forecast future payment risk

Predictive analytics for small business:

A detailed view of historical payment trends improves financial risk assessment.

Frequently asked questions

What is open finance for small businesses?

Mastercard Open Finance for small businesses helps financial institutions and service providers power SMB growth with smarter data, valuable analytics and real-time insights. Through a secure, permissioned model, Mastercard Open Finance can help support fast onboarding and funding, informed lending decisions, strong cash flow and expense management, reliable B2B payments and improved payment risk forecasting.

How does open finance help small businesses?

Mastercard Open Finance can help small businesses by giving their financial service providers access to permissioned, near real-time data that can improve customer experiences and business outcomes. For SMBs, this can help streamline account opening and funding, accessible financing, real-time account insights for cash flow and expense management, more reliable ACH payments and a more complete view of future payment risk.

What benefits does open finance provide to small businesses?

Open finance can help small businesses gain a clear view of their financial health across accounts and transactions, reducing fragmentation and improving visibility. For providers serving SMBs, Mastercard Open Finance can support customer acquisition and engagement, help extend accessible financing while reducing risk, enable data-driven business decisions, facilitate reliable B2B payments and provide analytics for future payment risk.

How can small businesses use open finance data?

Small businesses can use open finance data to gain near real-time account insights for cash flow and expense management, streamline onboarding and funding, support lending decisions, validate ACH account details for B2B payments and improve financial risk assessment with a detailed view of historical payment trends. The data is shared through a permissioned model that helps businesses remain in control of what information they choose to share.

How can I get started with Mastercard Open Finance for small businesses?

Organizations can book a demo through the Mastercard website to consult with the team and learn how Mastercard Open Finance can enhance their business through products and services for SMB customers.

What are the open finance use cases for small businesses?

Mastercard Open Finance supports five core small business use cases:

  • Business account opening and funding
  • Lending and credit decision monitoring
  • Financial management tools
  • ACH payments for B2B transactions
  • Predictive analytics for payment risk forecasting

How does Mastercard Open Finance support small business lending?

Mastercard Open Finance, through Finicity, supports small business lending by giving lenders access to permissioned, near real-time data and next-generation insights. This can help lenders better understand a business’s cash flow and financial behavior, support faster and more informed credit decisions and reduce reliance on static or incomplete data.

How does open finance support B2B payments for small businesses?

Mastercard Open Finance can help facilitate reliable B2B payments by validating ACH account details. As a Nacha preferred partner, Mastercard can help support payment success and reduce the risk of failed payments through more accurate account verification.

Book a demo

Consult our team to learn how Mastercard can enhance your business through our products and services.

Book a demo
Mastercard

1. Mastercard Rise of Open Banking Report, 2024.

* Subject to business verification and eligibility