By All Accounts

The fall business season is upon us once again. The kids are back in school, graduates have recently launched into adult lifestyles (aka working fulltime and paying their own bills), and small business owners are planning for what’s next.

Building a world-class fintech or bank today, especially one serving small businesses, can be like playing a game of Tetris. You have to visualize how to manipulate each digital puzzle piece to fit correctly into your platform in a way that ensures future, currently unknown pieces will also work.

One might reasonably believe that business finances are more complex for large businesses than for small ones. And in some ways, that’s true. But given the limitations of resources small businesses have, managing their finances today can also be exceptionally complex.

There’s a wide gap between the small business solutions traditional banks offer and what today’s small businesses actually need. There may even be a misunderstanding around what defines a small business in 2022.

It's April, and millions of people in the U.S. — independent workers and gig workers in particular, and self-employed small business owners in general — are still paralyzed by the daunting task of filing their taxes.