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Today In B2B: FLEETCOR's $1B M&A Plans; Statrys Lands Funding For SMB FinTech

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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.

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Corcentric Lands Financing For M&A Expansion

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“We’re continually investing in further improving our technology and solutions, benefiting our customers as we help them to transform procurement, accounts payable and billing.” and abroad,” though the company did not elaborate on its mergers and acquisitions (M&A) plans. .

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B2B FinTechs Diversify Funding Strategies With M&A, IPOs

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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.

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Canada’s Path Toward B2B Payables Modernization

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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.

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Corporate Card Innovators Bank On Continued Business Spend

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Expense management and accounts payable (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.

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WEX Finalizes Go Fuel Card Takeover

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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.

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Corporate Payments Growth Fuels FLEETCOR Q4 Earnings

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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.