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Today In Digital-First Banking: Next Insurance Aims To Raise $250M In Funding; FLEETCOR Agrees To Purchase AFEX

PYMNTS

billion, and FLEETCOR has come to an arrangement to purchase cross-border payment company Associated Foreign Exchange (AFEX). Next Insurance Looks To Secure $250M Funding Round To Reach $2.25B Valuation. The firm is usually geared toward offering global accounts to companies underserved by financial institutions.

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The World of Currency Risk Management Solutions

CFO Leadership

Use our guide to understand and explore the factors that can make it advantageous to embrace a risk management strategy for foreign exchange. The foreign exchange market can be a highly complex task for small-to-medium enterprises to navigate when conducting business overseas. The Foreign Exchange Market.

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Airwallex, Visa Team For Borderless B2B Card

PYMNTS

The Visa partnership offers users secure, cross-border payments in multiple currencies while taking advantage of Airwallex’s competitive foreign exchange rates. We have evolved to become a business account that will support the financial needs of today’s modern business.”.

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TransferWise Teams With Alipay For Money Transfers In China

PYMNTS

Founded in 2011 by Estonian friends Käärmann and Taavet Hinrikus, the startup set out to make foreign exchange fees more transparent. TransferWise has a valuation of $3.5 that also included a TransferWise Borderless multicurrency account. . billion following its last funding round of $292 million in May 2019.

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As Revolut Eyes Growth, Losses Mount

PYMNTS

.’s many so-called digital challenger banks, Revolut started its evolution as a pre-paid card attached to an app that gave users an easy mechanism for paying abroad without foreign exchange fees. The platform has since expanded its digital services to include crypto accounts, B2B accounts and stock trading.

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

According to Iron Pillar’s report, B2B startups need 50 percent less capital than startups providing consumer-facing products and services if they wish to achieve a $1 billion valuation (unicorn status). The Access Group , a U.K.-based based provider of HR and payroll software, announced two takeover deals. According to BusinessLeader.co.uk

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Preparing financial statements during a pandemic

Future CFO

Revisit, reconsider, reshape Most organisations are likely to have everything in place to close 2019 accounts, but they should still assess the impact of the coronavirus crisis on their business and think about any risks or uncertainties, as well as any mitigating actions that may need to be included as disclosures.