MALVERN, Pa.--(BUSINESS WIRE)--Feb 5, 2025--
Cantaloupe, Inc. (Nasdaq: CTLP), a global leading provider of end-to-end technology solutions for self-service commerce, is excited to announce its newest platform, Cantaloupe Capital, in collaboration with Fundbox, a leading working capital platform for small businesses. This new offering provides small businesses with streamlined access to capital for expansion through equipment investments and flexible access to cash flow.
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In the self-service retail industry, small businesses often face challenges accessing traditional financing options. In fact, according to the 2024 Federal Reserve Small Business Startup Credit Survey, only 43% of startup small businesses (with employees) that applied for traditional financing received funding and only 29% of owner-operated startups received funding.
The Cantaloupe Capital offering directly addresses these financing-related pain points by focusing on factors like steady business performance and growth potential. With eligibility criteria tailored to small businesses, the platform ensures that more operators can access the capital they need to thrive.
"The majority of our customers are small and growing businesses, many of them sole proprietors. Cantaloupe understands their need for accessible financing solutions that can help them scale their operations," said Elyssa Steiner, Chief Marketing Officer of Cantaloupe, Inc. "With Cantaloupe Capital, we're breaking down barriers to funding by facilitating quick and easy online access to capital for owner-operators that will allow them to invest in new equipment, manage seasonal fluctuations, and capitalize on growth opportunities in the rapidly evolving self-service retail space."
The Cantaloupe Capital platform offers several key advantages for small business operators:
“Traditional banks and financing options don’t always meet the needs of startups or growing small businesses,” noted Steiner. "By launching Cantaloupe Capital in collaboration with Fundbox, together we're not only offering a full platform of financial services and products but also offering small business operators a simple and efficient pathway to expand their operations and achieve their business goals."
“We are excited to collaborate with leading platforms like Cantaloupe to empower small business customers with seamless access to capital, helping them unlock new opportunities for growth and success,” said Rina Jariwala, Chief Operating Officer of Fundbox. “As someone from a family of small business owners running vending machines and storefronts, I’ve seen how access to capital can be a game-changer. This collaboration brings innovative solutions to the entrepreneurs who will drive our economy forward.”
The Cantaloupe Capital platform represents a significant expansion of Cantaloupe's comprehensive suite of business solutions, reinforcing the company's commitment to supporting operators across all aspects of their business operations. The platform combines Cantaloupe's expertise in payment processing and business management software with Fundbox’s proven lending capabilities, creating a powerful tool for business growth and success.
To learn more about Cantaloupe Capital, visit cantaloupe.com/capital.
About Cantaloupe Inc.
Cantaloupe, Inc. (Nasdaq: CTLP), is a global technology leader powering self-service commerce. Cantaloupe offers a comprehensive suite of solutions including micro-payment processing, self-checkout kiosks, mobile ordering, connected point of sale systems, and enterprise cloud software. Handling more than a billion transactions annually, Cantaloupe’s solutions enhance operational efficiency and consumer engagement across sectors like food & beverage markets, smart automated retail, hospitality, entertainment venues and more. Committed to innovation, Cantaloupe drives advancements in digital payments and business optimization, serving over 30,000 customers in the U.S., U.K., EU countries, Australia, and Mexico. For more information, visit cantaloupe.com or follow us on LinkedIn, Twitter (X), Facebook, Instagram or YouTube.
About Fundbox
Fundbox is the pioneer of embedded working capital solutions for SMBs, leading the charge in best-in-class embedded finance offerings since 2015. Fundbox empowers the small business economy by offering fast, simple access to working capital through the digital tools businesses already use. Fundbox has partnered with leading SMB platforms to help over 125,000 small businesses unlock growth with fast, simple access to over $5B of capital.
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Cantaloupe, Inc., is collaborating with Fundbox to launch Cantaloupe Capital, providing small businesses with streamlined access to capital for expansion through equipment investments and flexible cash flow. (Graphic: Business Wire)
CAIRO (AP) — The Houthi rebels' threat to blockade Saudi Arabia has the potential to widen the Iran war and further disrupt global oil supplies and international trade.
The Iran-backed rebels say they have closed the Bab el-Mandeb Strait to Saudi-linked shipping in retaliation for the kingdom’s blockade on Yemen and a recent attack on the international airport in Yemen’s rebel-held capital, Sanaa. The Houthis said on Thursday they had attacked two Saudi oil tankers in the Red Sea, causing fires to break out on both.
Saudi's state-run news agency reported a fire on a tanker in the Red Sea following an attack, as did the United Kingdom Maritime Trade Operations Center. No casualties were reported.
Bab el-Mandeb, at the southern tip of the Arabian Peninsula, is a vital shipping chokepoint, connecting the Red Sea to the Gulf of Aden. Around 12% of the world’s trade, including a fourth of global container traffic, passes through the narrows.
The strait has become even more vital for Saudi oil exports since the disruption of the Strait of Hormuz during the Iran war has severely limited shipping out of the Persian Gulf.
The Houthis had said they would only stop vessels connected to Saudi Arabia or going in and out of its Red Sea ports. But during a similar blockade announced against Israel over the war in Gaza, the rebels attacked many vessels with little or no connection to that conflict.
The threat alone could keep international shippers from using the route.
The Houthis don’t control the part of Yemen’s coastline along Bab el-Mandeb — that’s in the hands of its opponents in the country’s civil war. But they hold territory less than 100 kilometers (60 miles) away.
Three Houthi officials told The Associated Press on Tuesday that the group has planned for months how to disrupt shipping in the strait. Those plans include the use of naval mines, explosive-laden boats, drones and helicopters to allow fighters to board ships, the officials said, speaking on condition of anonymity because they were not authorized to talk to media.
They said vessels would first be warned not to cross designated boundaries in the strait. If ships ignore the warnings, the Houthis would resort to military action.
In the Strait of Hormuz, Iran has shown that even sporadic attacks on ships can be enough to effectively close a critical waterway, by driving up risks and insurance premiums.
“If Bab el-Mandeb comes under pressure at the same time as shipping in the Gulf, you have disruption around two of the world’s most important maritime routes at once,” Clionadh Raleigh, the founder of ACLED, a conflict monitoring service, said.
More than 7 million barrels of petroleum a day transited Bab el-Mandeb in June, compared to around 4 million before the Iran war, Allison Minor, the director of the Atlantic Council’s Project for Middle East Integration, wrote in an analysis published this week.
Saudi Arabia has been recently exporting some 4 million barrels of oil a day through its Red Sea port of Yanbu, blunting the impact of the Strait of Hormuz closure, which has still rattled economies around the world.
Saudi Arabia could still get crude to market without using Bab el-Mandeb, by shipping up to 2.5 million barrels a day across the Red Sea to Egypt, whose SUMED pipeline can carry it to the Mediterranean. It could also ship 1 million barrels a day through the Suez Canal.
International shippers could also reroute around the Cape of Good Hope at the southern tip of Africa, as they did at the height of the war in Gaza. But that means adding one or two weeks to voyages — and raising costs.
The Houthis attacked over 100 vessels at the height of the war in Gaza, before a punishing U.S. and Israeli air campaign put an end to the attacks in early 2025.
Asked about the attack on the Saudi tanker in the Red Sea on Thursday, U.S. Secretary of State Marco Rubio said: “I hope they'll stop. They shouldn't really do that.”
Speaking during a regional summit in the Philippines, he said that “I think the Houthis, frankly, got snookered into this thing by the Iranians. And they were smart to stay out of it, and they should stay out of it and they should stop.”
The Houthis also run the risk of reigniting the war with Saudi Arabia and its allies in Yemen, where major fighting ended with a truce in 2022. Saudi Arabia’s military says it will keep Bab el-Mandeb open.
“All Houthi threats against transiting vessels will be dealt with swiftly and firmly, as such threats are a blatant violation of international law and fall under acts of maritime piracy,” said Maj. Gen. Turki al-Malki, a Saudi military spokesperson.
Yemen’s civil war began in 2014 when the rebels seized the capital, Sanaa, and much of northern Yemen, forcing the government into exile. Saudi Arabia led an international coalition fighting the rebels and also imposed an air and sea blockade on Houthi-held parts of Yemen that eased in recent years.
The Houthis say Saudi Arabia struck the airport in Sanaa earlier this month in an attempt to stop a flight carrying Houthi leaders back from Iran, where they had attended the funeral of Supreme Leader Ayatollah Ali Khamenei. The plane landed safely at another airport.
The Houthis then launched missiles and drones at Saudi Arabia’s Abha International Airport in the most significant confrontation in years.
The Houthis say closing Bab el-Mandeb to Saudi traffic aims to break the coalition’s blockade.
Ahmed Nagi, a senior Yemen analyst at the International Crisis Group, said the threat to Saudi Arabia also benefits the Houthis’ ally, Iran, at a time when the U.S. has resumed daily airstrikes.
″From Iran’s perspective, opening additional pressure points across the region gives it more leverage,” Nagi said. “The Houthis provide Tehran with influence over one of the world’s most important maritime chokepoints.”
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Al-Haj reported from Aden, Yemen. Associated Press writers Elena Becatoros in Athens, Greece, and Collin Binkley in Washington contributed.
Fireworks burst as Houthi supporters rally against the Saudi-led coalition in Sanaa, Yemen, Monday, July 20, 2026. (AP Photo/Osamah Abdulrahman)
Fireworks burst as Houthi supporters rally against the Saudi-led coalition in Sanaa, Yemen, Monday, July 20, 2026. Placards in Arabic read: "God is great, Death to America, Death to Israel, A curse on the Jews and Victory to Islam" and "boycott American and Israeli goods". (AP Photo/Osamah Abdulrahman)
