Over the past two years, Enigma has embraced flexibility, empowering employees to choose a working arrangement that allows them to do their best work. We’ve previously written about our perspective on the future of work, going remote and working from home, and employee experiences with “Enigma Haus,” a new approach…

What if you could predict when a company was going to go bankrupt, months in advance? Monthly revenue data can help you do exactly that — identify businesses in distress long before they default on payments. We used Enigma’s bankruptcy data and merchant transaction data to highlight how revenue trends…

Every lender wants to know how their portfolio compares to their peers, but typically it’s a struggle to get this kind of competitive intelligence. Using Paycheck Protection Program (PPP) loans as a proxy, we analyzed how lenders’ small business portfolios fared in 2020 — read on to discover the…

In a year of record volatility, lenders have struggled to access timely and reliable data about small businesses. Enigma’s Merchant Transaction Signals address this gap, providing key signals about the financial health and growth of small and medium businesses across the U.S. The data Enigma has partnered with leading banks and payment…

Madeline Ross and Juliana Sullam on Jul 30, 2020 It’s rare to see how our government dollars are working in real time. However, the U.S. Treasury recently released data on loans granted by the recently-established Paycheck Protection Program (PPP), providing unique visibility into how a huge government economic intervention is…

Free SMB data, delivered right to your spreadsheets Enigma has just released a new Google Sheets Add-on: a free tool that allows you to enrich a list of 50 small businesses with Enigma data, right in your spreadsheets. The Google Sheet gives you access to our basic small business data attributes as well as our industry classification data…

By Jordan Dominguez Understanding what industry a business is in proves to be relevant for nearly every aspect of customer onboarding, underwriting, and monitoring. Without knowing how a business makes its money, it’s difficult to answer any of the following questions: What is the success/failure rate of similar businesses? Are…

By Pam Wu It’s hard to predict a business’s risk without knowing its industry. Consider if a business called Self-Sufficient Coffee Co. applied for group accident insurance: if you were that insurer’s risk officer, you would naturally be concerned whether the applicant was involved in mass producing coffee, serving coffee…

By Juliana Sullam Financial institutions that lend to small businesses have become “economic first responders”, as these institutions are working hard to resolve the extreme financial challenges presented by COVID-19. It’s no secret that many small businesses are in distress, and the destabilization they’re experiencing is sending shockwaves back to…