Wix.com has launched Wix Checking and Wix Capital, a financial services suite aimed at helping small businesses manage cash flow and access funding more easily. Wix Checking provides a free, integrated business checking account, while Wix Capital offers a Merchant Cash Advance service to streamline funding needs. These services are currently available to select U.S. users with plans for wider rollout.
Square has expanded its banking services, allowing sellers to manage their cash flow more effectively with instant access to funds, budgeting tools, and personalized savings recommendations. The new features aim to simplify banking for small business owners, reducing the time spent on financial management and improving overall cash flow management.