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SMB Funding Embraces The Open Banking Way

PYMNTS

It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account data continue to flourish. FinTech partners include small business credit risk analysis company AccountScore and small business data company Codat.

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B2B eCommerce Tips The VC Scales

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More than $874 million in fresh funding landed at B2B startups this week across a range of market segments and geographies. See all of the latest B2B fundraises below. FunBox works with other lenders to underwrite financing to self-employed, small merchants and new-to-credit customers, reports said. SaaSOptics. Clix Capital.

B2B 51
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Trade Credit Insurer Waldorf Launches AR Insurance For SMBs

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Walford Trade Risk, a trade credit risk insurance provider, is rolling out a new product designed to help small businesses protect themselves against the risk of non-payment from their corporate customers. ”

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Why Cross-Border Trade Is All About The Connections

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While the cross-border B2B trade market has worked to address some major points of friction, from a $1.5 trillion trade credit gap to the continued reliance on paper trade documents and invoices, often the first hurdle that must be tackled is how to find the right corporate customers.

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A Closer Look At Ripple’s Money-Saving Claims

PYMNTS

The company also pointed to the recent rise of the nostro account, an account owned by a financial institution in another country with funds held in local currency, used to facilitate cross-border settlement. It’s a currency that allows financial institutions to ditch the nostro account and instead keep XRP on their own balance sheets.

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Today In B2B: Sage Collabs On Cash Management, Aareal Bank Debuts B2B Payments Platform

PYMNTS

Today in B2B payments, Amazon takes advantage of cloud adoption with expanded call center functionality, while Sage collaborates on small business cash flow management. Meanwhile, Aareal Bank launches a new B2B payments platform, Cobase teams up for FX and eCapital acquires a commercial lender. 1) announcement.