Small Biz Buzz: Multicultural Business Connect; Afterpay expands services

Here's what's making headlines in the small business world this week.

Afterpay is joining forces with Vend to bring its services to smaller retailers. Source: Supplied

Connecting small multicultural businesses

The NSW Multicultural Business Connect event will take place on May 16th in Parramatta in Sydney's west.

Funded by the NSW government, the conference and expo aims to create partnerships and accelerate growth and innovation for small multicultural businesses.

Business Connect is a NSW government program which provides help to those who want to start or grow their business.

Customer loyalty concerns small business

A recent report has found Australia’s two million small and medium-sized businesses are increasingly worried about customer loyalty.

The QBE Business Risk Report says a third of all small businesses believe losing clients would be the biggest risk to their cashflow.

Other key risks included customers refusing to pay invoices on time, rising costs and client bankruptcy.

Afterpay expands its service

Retail payments platform Afterpay has joined forces with Vend to bring its Buy Now Pay Later service to smaller retailers.

Afterpay is already used by over 14,000 retail merchants Australia-wide, and has processed payments for over 1.8 million customers.

The integration with Vend's point-of-sale software allows SMEs to compete with larger stores.

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