Small and medium-sized businesses are thriving despite economic headwinds by leveraging AI tools that enable them to compete with larger enterprises, according to Payoneer CEO John Caplan.
Caplan told Bloomberg Open Interest that AI is fundamentally changing the competitive landscape for smaller operators. The technology allows entrepreneurs to automate tasks, streamline operations, and access capabilities previously reserved for well-funded corporations.
Small businesses are also maintaining international operations rather than retreating to local markets, driven by shifting global trade routes. This strategy keeps them exposed to growth opportunities despite tariffs and economic volatility.
The fintech executive attributed small business resilience to their natural agility—a trait enhanced by AI adoption. Smaller teams can implement new technologies faster than bureaucratic large corporations, giving them an unexpected advantage.
Payoneer, which provides payment processing for freelancers and small businesses worldwide, sits at the intersection of these trends. The platform processes cross-border transactions for millions of entrepreneurs navigating the same dynamics Caplan outlined.
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