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Today in B2B Payments, commercial payments technology firm FLEETCOR reveals $1 billion plans for M&A activity. FLEETCOR Looks To Invest $1B Despite Pandemic M&A Slowdown. FLEETCOR is looking to invest $1 billion this year, despite an M&A slowdown in the payments sector due to the ongoing pandemic.
Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Faster Payments. Open Banking.
“We’re continually investing in further improving our technology and solutions, benefiting our customers as we help them to transform procurement, accountspayable and billing.” and abroad,” though the company did not elaborate on its mergers and acquisitions (M&A) plans. .
However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money.
Expense management and accountspayable (AP) automation solution provider Emburse is rolling out new card solutions designed to help organizations manage their travel spend. FLEETCOR Preps For M&A Spree. From a mobile app to beefed-up rewards, the latest solutions are embracing the shift of spend to the card.
During the firm’s earnings call, Clarke pointed to initiatives across Fleetcor’s four core business units — fuel, corporate payments, tolls and lodging — via collaborations, mergers and acquisitions (M&A) to drive incremental growth in each area. Total revenues were up 7 percent year over year to $619.6
Six corporate travel expense management and accountspayable (AP) solution providers are combining into a single company to form Emburse , according to a press release Thursday (Jan. Earlier this month, Coupa announced the acquisition of Yapta in another initiative aimed at streamlining corporate T&E management operations.
Combined, more than $337 million in funding will fuel growth for an array of B2B startups that revealed their latest funding rounds this week. Texas’ SpyCloud delivers protection against account takeover for its corporate clients. PYMNTS breaks down the latest deals below. Cybersecurity.
The healthcare and construction industries are among the strong points of FLEETCOR’s corporate payment operations, particularly with 2018 being the first full year with Cambridge Global Payments under the FLEETCOR belt after closing the acquisition in 2017 — a business that showed a “rocking” performance in 2018, said Clarke.
In a press release issued Monday (July 1), WEX said its acquisition of Go Fuel Card, the fleet card business of EG Group, is complete, expanding WEX’s presence across the Netherlands, France, Belgium and Luxembourg. Partnerships, mergers and acquisitions (M&A) are key strategies for WEX to fuel global growth.
Instead, businesses — particularly larger firms — are turning to mergers and acquisitions to source new technologies. Small businesses, while they may struggle to have the resources to invest in the tools they want, can be more agile and flexible to handle changing markets. Where does the middle market fit in this spectrum?
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