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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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Further, this week’s B2B Venture Capital roundup finds VC funding isn’t the only investment strategy for B2B FinTechs, with (mergers and acquisitions) M&A activity seeking a spike, as well as some high-profile plans by industry players to go public. Venture Capital Funding. Cardlay, based in the U.K., Also in the U.K.,

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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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Fleetcor Beats The Street In Q3, Launches McDonald’s Contactless Payments Collab

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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

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US B2B Startups Dominate $337 Million Worth Of Funding

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Texas’ SpyCloud delivers protection against account takeover for its corporate clients. Kenna said it plans to use the funds to expand its team, focus on sales and continue innovation efforts. -based startups dominated, with investors focusing on cybersecurity solutions and on startups that aim to streamline back-office functions.