According to a U.S. Bank study, poor cash flow management causes 82% of new business failures. Cash flow is the lifeblood of business, and startups are bleeding out trying to effectively manage their growth. Fortunately, a growing number of fintech platforms are offering an innovative range of digital tools to help entrepreneurs better manage their money. “Since our founding, we’ve heard that cash flow is a major pain point for small businesses,” said Jack Dorsey, co-founder and Chief Executive Officer of Square. “Our products were all built to provide fast and predictable access to funds to help businesses of all sizes remain competitive and agile. We believe our sellers should have the ability to access the money they’ve made as fast as possible.” Square empowers sellers to accept payments anytime, anywhere. With Square’s point-of-sale software and other services, sellers can access financing, engage customers, and grow sales while on the go. Research by Concur found the average cost to manually process a single invoice to be $12.90. The Accounts Payable Network claims automation can save 60-80% over manual invoicing, translating to thousands of dollars in savings. That’s where an accounting solution like Freshbooks comes in. Straight from the mouth of Mike McDerment, CEO and Cofounder of FreshBooks: “FreshBooks is ridiculously easy-to-use accounting software in the cloud for self-employed professionals and their teams. It helps people spend less time on accounting, and more time doing the work they love. In a nutshell, if you invoice, you need FreshBooks.” Around 80% of small business who apply for a bank loan get rejected, but why fight this disappointing process when a sophisticated algorithm can do it for you? Lendio's online application matches you with loan options from a network of 75+ lenders, helping you find the perfect loan and access capital in as little as 24 hours. "Lendio...eased the pressure of cash flow for us, and that allows us to operate a lot more smoothly," said Eli Kerr, Founder/CEO of Gnarly Nutrition. Fintech solutions are giving startups time to focus on their business instead of time stuck in the spreadsheets. And time is money, right? With an increasing number of solutions, every small business owner can find relevant fintech applications to increase their cash flow and begin thriving instead of surviving.