Xendoo in the news
in the news
How Bookkeepers Can Help Clients With the Right Time to Rehire Furloughed Staff
June 19, 2020 / by Lil Roberts
As many states across the U.S. begin the process of reopening and many small businesses make plans to resume operations, questions still remain about bringing back furloughed staff. Bookkeepers and accounting professionals can help their business clients make this determination by asking them these five key questions…
PayPal and Salesforce CEO’s Even investment show momentum for early wage access
June 18, 2020
The coronavirus-induced recession has broadened the addressable market for early wage access, and that’s drawing investors such as PayPal and Salesforce CEO Marc Benioff, who just poured a fresh funding round into Even. Even provides a financial-wellness app…
Considerations for Reopening Businesses in the COVID-19 Environment
June 17, 2020 / by Lil Roberts
States across the U.S. are beginning the process of reopening and many small businesses are gearing up to resume operations. A poll of over 21,000 small businesses which asked how soon these businesses would fully reopen after government restrictions…
5 reasons a small-biz bounceback may not overcome the full coronavirus impact
June 11, 2020
The immediate lockdown of the nation’s economy in response to attempts to flatten the coronavirus infection curve has had a widespread impact on the revenues of all businesses, particularly small ones that are more susceptible to economic disruptions.
Building A Business By Solving Problems For Small Businesses
June 10, 2020
Entrepreneurs often solve their own problems. As a serial entrepreneur in companies as varied as manufacturing, systems integration, and products, Lil Roberts had seen that small business owners across industries often didn’t have the timely financial key performance metrics they needed for informed decision making.
Adaptability is the Key to Business Continuity Through Covid
April 28, 2020
The economic fallout resulting from the coronavirus will test the ability of companies to adapt to a business climate that is changing daily. Companies that are agile enough to adapt to new working paradigms, new ways of servicing clients and new …
How to Plan for the Future of Your Business During Coronavirus
April 27, 2020
Small businesses must remain forward-thinking and forward-looking amidst any crisis. Implementing a daily planning meeting is critical for key stakeholders to review the new information that is coming out and adapt. Adaptability is key in a time of crisis,” Roberts added. “Consistent communication and transparency…
How to Prepare for a Recession
April 16, 2020
Look at interest rates on home mortgages and determine if it would be worthwhile to refinance, ideally obtaining a lower monthly mortgage bill, says Lil Roberts, CEO and founder of Xendoo, a fintech company. The money you’d no longer be spending on a mortgage payment can be put into emergency savings or used to cover other bills.
Government reaction times to COVID-19
April 16, 2020
How fast a government reacts in a time of crisis can mean the difference between life and death. And this has been highlighted by the differing approaches to the COVID-19 outbreak not only around our nation but the rest of the globe.
Coronavirus, stimulus create financial and logistical challenges for merchants
April 9, 2020
The recent $2 trillion coronavirus rescue package and other government moves such as a new Federal Reserve credit facility are designed to provide a lifeline for small businesses, but they also create complications as businesses must quickly accumulate payment records and other information to apply for the loans.
Navigating the Changing Economic Environment
April 8, 2020
With the coronavirus now a worldwide pandemic, public health concerns and a global economic slowdown are wreaking havoc on almost every aspect of society. As individuals learn to navigate new norms of social distancing and remote working, startups and small businesses are looking for strategies to cope with the impact of the virus and an economic environment that is changing daily.
28 Entrepreneurs Share Their CEO Nugget
April 8, 2020
If you could hop into a time machine, what would you tell your younger business self? What are the biggest lessons learnt since you started entrepreneurship? This is one of our favorite questions here at CBNation. Here’s what CEOs would tell their younger business selves. #1-Focus on answering one question I started my travel agency …
10 Fintechs that Make Taxes Less Taxing
April 5, 2020
The daunting task of gathering documents for a year that has passed is one that is difficult for small business owners, especially when they already feel overwhelmed at tax time,” said Lil Roberts, CEO and founder of Xendoo. “Coupling that pain point with small businesses feeling that federal tax is a “black box” and understanding how to maximize tax savings is also extremely frustrating.
The lucky few winners and the many losers of the coronavirus business lockdown
April 2, 2020
While most local businesses, such as hair salons, retail stores, and bars, are being devastated by the stay-at-home orders to slow the coronavirus outbreak, other businesses are experiencing incredible upswings in sales, such as gun shops, stores selling groceries, pet supplies, and liquor.
Coronavirus’ effect on small merchants tests the limits of fintech lending
March 30, 2020
The U.S. government will shortly funnel trillions of dollars into the economy to soften the coronavirus’ impact on a variety of industries and small businesses. Payment companies that are also lenders will soon find out if it’s enough to save the market. Firms like PayPal, Kabbage and Square collectively process payments for millions of small businesses. These companies also use those payment flows to underwrite lending and to collect loan payments, often shoring up liquidity for small businesses.
AOL billionaire Steve Case backed finance startup Xendoo to help make accounting easier. We got an exclusive look at the pitch deck it used to raise millions.
February 24, 2020
Xendoo, a finance startup trying to make accounting easier for small businesses, raised $3.5 million in a fundraising round backed by AOL founder Steve Case last year.