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times faster than other digital investments, underscoring the region's rapid digital adoption. Cloud-based ERP systems complement this trend by enhancing data management and responsiveness, improving invoicing accuracy and collection speed. This strains cash flow and increases the importance of efficient DSO management.
But B2B payment habits continue to stifle suppliers’ growth plans across the globe, found the latest Working Capital Outlook Survey released by C2FO this month. there is evidence that B2B payment practices are improving. But cash is hard to come by. In the U.S., Just 14 percent of U.S. But the U.S.
Find out which startup landed the cash, along with the other B2B startups that saw their share of investments this week, below. Supply Chain Management. supply chain management company AKUA announced $3 million in Series Seed financing this week. CashManagement. B2B Marketing. secured $10.3
To remove the frictions inherent in B2B transactions, there will be no one rail to rule them all to connect corporates as they transact. The conversation marked the capstone of a month-long series of panels and individual interviews with a range of companies as part of PYMNTS’ deep dive into the state — and future — of B2B.
.” The startup launched last year and told reporters at TechCircle that it will seek new funding of up to $5 million in its next round, though didn’t say when it would look to close such an investment. Numberz.in isn’t the only FinTech firm in India to capitalize on a changing economic environment.
With hundreds of billions of dollars changing hands each year, B2B banking and payments is a big, big deal. According to industry research, the B2B payments industry moves roughly $550 billion each year, making up roughly half of the $1.2 Enter the new PYMNTS.com B2B API Tracker™. trillion global payments market. .
B2B startups saw a little bit of everything this week when it came to venture capital. From pre-Series A funding to late-stage investment rounds, ranging from a modest $1 million to the week’s high point of $88 million, backers showed their versatility. In all, nearly $200 million went to B2B startups this week.
With more than $65 million placed with B2B FinTech firms this week, it wasn’t the most lucrative roundup for the industry. Yet, venture capitalists revealed revamped interest in the B2B eCommerce and procurement spheres, exploring technologies like blockchain to enhance supply chains and the buyer-supplier relationship.
Business to business (B2B) application programming interfaces (APIs) are helping smooth the flow of data between companies, including businesses and their financial services software as well as between banks and their corporate clients. Around The B2B API World. Other banking integrations seek to revamp B2B payments.
And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand. The company now operates in the U.K.,
However, other notable B2B FinTech investments this week have come from startups targeting the inefficiencies of corporate banking, logistics and freight booking, and business payments. million investment from ING Ventures , reports in City A.M. In total, more than $360 million was raised by these companies. said this week.
There are several reasons for this, analysts say, but regardless, there is a clear need for tight cashmanagement in the construction sector. Or the actual cash flows and job costs per project need to be handled a little differently [than other industries],” he explained.
Although nearshoring has been a boon for Mexico, and the outlook is generally positive, risks in foreign exchange and commodity markets persist and require companies to partner with banks having regional expertise and cashmanagement solutions tailored to the Latin American market.
Automation’s long march to the present day finds automation grinding out new solutions to cashmanagement issues during a topsy-turvy economic time. CashManagement Moving in Virtual Directions. B2B, Consumer Payments Experiences Merging. Automation addresses these issues.
BNY Mellon unveiled a collaboration to assist customers with supervising and investing funds by letting them access GTreasury ’s payment and cashmanagement functions, according to a Thursday (Sept. The GTreasury ecosystem is purpose-built to seamlessly connect into investment portals like LiquidityDirect.".
From sourcing to invoicing, B2B transactions involve a lot of steps before the actual payment. Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction.
Jolly, head of finance and channels global transaction services at Bank of America Merrill Lynch in an interview with PYMNTS for a previous edition of the PYMNTS.com B2B API Tracker. “It “I think for our industry, APIs are a very positive innovation,” said Hubert J.P.
In the second annual survey conducted by C2FO focused on corporate treasurers based in Europe, responses showed that 75 percent of the 100 respondents wanted to invest in technology tied to trade finance. Trade finance, they said, could help boost efficiency in cashmanagement and supply chain (via dynamic discounting on invoices).
B2B payments startup PayStand announced new funding last week, but the investment is notable for more than one reason. When announcing the launch of the fund, LEAP also said it has already placed its first investments. LEAP did not reveal how much it invested in the companies.
B2B FinTech venture capitalists are finally in the full swing of summer, with one of the hottest weeks in the industry so far. With headquarters in California, PayStand provides cashmanagement and accounts receivable solutions to business customers using blockchain and SaaS tools. But — surprise! — Check out who it is.
Small business accounting and cashmanagement took home the gold this week, with two startups raising a collective $93 million in funding. But the streak of B2B FinTech investments continues for startups of several industries, including cybersecurity, alternative finance and more. Canada and India.
based B2B FinTechs led the way in this week’s investment roundup, with more than $212 million in new funding falling in the hands of startups targeting a range of enterprise operations. Accounts payable, cloud migration, Big Data and even legal management for startups raising new funding were all targeted among investors.
JPMorgan Chase is the latest financial institution to team up with a B2B payments FinTech. 19) announced news that JPMorgan is partnering with Bill.com to integrate its B2B payments technology into its own Chase platforms early next year. It’s not JPMorgan’s first FinTech partnership in its effort to boost B2B services.
Axle , which works in cash flow for the freight and logistics industry, has raised $27.7 million in a funding round, which it intends to go toward continuing the company’s work in automating processes and boosting cashmanagement, according to a press release.
But innovations in B2B payments and other corporate workflows like liquidity and cashmanagement among the FinTech community have opened the door for a new era of corporate banking – one in which organizations are no longer willing to settle. The Drive To Upgrade. Connectivity Is Key.
and will provide cashmanagement services for such corporate customers. This platform is an important differentiator for Santander — and one that is going to be instrumental in improving the client experience and empowering clients in ways that help them manage their money and their workflows more efficiently.”.
The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cashmanagement accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept.
million for the company, marking one of the biggest investment rounds for a FinTech company in Northern England. Based in Manchester, AccessPay provides a digital platform for payments, cashmanagement and treasury operations by integrating businesses’ back-end operations with their banks. and U.S.,
B2B payments startup ePayRails has announced new funding to focus on further technological development of its Payment Hub. million in Series A funding led by Aspire Fund Management, which provided $2 million. In a press release Friday (Aug. 2), ePayRails said it secured $2.45 ” .
Leavitt , founder and CEO of Boost Payment Solutions , said commercial card programs are now coming to the forefront of AP departments’ priority lists when delaying payments is no longer the most viable, or effective, cashmanagement option. Optimizing Card Spend. Finding the Win-Win Scenario.
In a week of multiple nine-figure venture capital funding rounds, B2B FinTech has proved it plans to end the year on a high note. Below, PYMNTS breaks down the more than $912 million raised by B2B FinTech firms this week. The investment now values Automation Anywhere at $2.6 Automation Anywhere. million raised, U.K.-based
The tallies are in: Innovate Finance has calculated the state of investment in FinTech for 2015, and we have the numbers. Innovate Finance released The 2015 FinTech Investment Landscape this month, a report that offers a snapshot at how investors are placing their money among financial innovators. investments last year.
Headquartered in Helsinki, Enterpay’s automated invoicing payment solution works to optimize the payment process for B2B eCommerce companies, allowing them to increase profitable customers via improved credit scoring and automated invoicing. Finnish invoicing company Enterpay announced that it has closed a €1 million ($1.1
Cash flow forecasting technology was once only for the massive enterprise, with resources aplenty to invest in such tools and the internal expertise to understand the complexity of it all. But cash forecasting is democratizing to smaller companies thanks to incoming technology, said TreasuryXpress CEO Anis Rahal. ”
Here’s all the financial data you need to know from some of the largest B2B finance and tech businesses. Kyriba also identified market volatility in both the currency and political markets, as well as “rampant fraud and increasing regulatory requirement” that are pushing businesses to adopt cloud-based cashmanagement solutions.
Whether businesses were establishing their modernization roadmaps for the first time or simply accelerating the plans they already had in place, the COVID-19 crisis drove organizations to embrace technology at unprecedented levels in order to manage a remote workforce, supply chain disruptions and economic uncertainty.
As returns from cashmanagement offers are forecasted to drop 12 percent, trade finance revenues for banks are poised to fall by 8 percent in 2020. Dignari Capital’s investment will work to grow access to various funding channels.
New investment rounds reached from Australia to the U.K. in the alternative SME lending space, while B2B startups from the Netherlands and Spain also secured impressive rounds. million investment deal with another U.K. The investment comes in the form of a $4.3 million in equity investment. online lender, Satago.
In B2B payments, it’s not just the movement of money that’s a pain point for companies — it’s the tracking of that payment and the ability to reconcile those transactions that can be a major headache for both payers and payees. In addition to the joint solution, Visa also revealed it has made a strategic investment in Billtrust.
Bank features will allow freight carriers new B2B payment options such as a new dashboard for better receivables visibility and a way to pay invoices much quicker, according to a June 10 press release.
With ongoing shifts in payments, commerce, security and transparency, corporate cashmanagers have a lot on their plates. The Use Case – and B2B. The opportunity is also there for B2B’s transformation, he pointed out, as use cases coalesce around the twin drivers of speed and certainty. Security is also top of mind.
The bank announced late last week that it is rolling out the Open Banking API Developer Portal that will enable developers to play around with banking technologies, first with a focus on transaction banking and cashmanagement. “This has the potential to fundamentally change how we deliver the bank to our clients.”
Some B2B payments players have predicted that, on the accounts payable side of the transaction, higher interest rates will lead companies to extend their payment terms and to seek out AP technologies that offer integrated supplier financing solutions to help with that cash flow crunch on the supplier side.
But a company’s interest and efforts to adopt new technologies does not always mean that all B2B payment processes are improved. Instead, new research suggests that the enterprise is embracing some tools and tech (but not all), and applying them to some aspects of B2B payments (but not all).
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