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Although generally available in the consumer market for about a decade, the electronic payment model of buy-now-pay-later (BNPL) is finally bearing fruit for micro, small and midsize enterprises (MSMEs) by avoiding interest payments on corporate credit cards, reducing paperwork, facilitating quicker transactions, and improving liquidity management.
But analysts warn that accountants and corporatefinance professionals cannot simply go with the status quo. “Automation, mini-bots, machine learning and adaptive intelligence are becoming part of the finance team at lightning speed,” concluded analysis from Accenture, reports in Forbes said last year. .
This week’s B2B Venture Capital roundup shows FIs are placing funding with their FinTech partners, too, including Nationwide and HSBC U.K., investing money in B2B FinTechs disrupting their industries. In total, more than $732 million was raised by B2B FinTechs this week. million investment round in U.K.-based
The corporatefinance space is in flux, but how it’s changing depends on the market in which you stand. PYMNTS takes a quick trip across the globe to explore business finance trends in the U.K., Middle East and Asia and discovers new winners in enterprise SaaS, losers in small business banking and more.
Artificial intelligence adoption continues to grow in the corporate world, and as businesses look to broaden margins, save money and drive strategic operations, the finance department is a prime target for AI-powered solutions. Corporate performance management software company Prophix announced Tuesday (Sept.
With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporatefinance. Below, PYMNTS breaks down the latest in B2B FinTech funding. With an eye on the freelancer segment, neobank Joust has just announced a $2.6
Today in B2B payments, lenders land SMB relief support in U.S. Plus, Contour completes blockchain trade finance transaction, Liberis raises funding for SME financing, Pakistan eyes digitizing supply chains, and Ripple faces SEC charges. pandemic aid package. Pandemic Aid Package Provides Relief For Lenders To Help SMBs.
In corporatefinance, the predictions are largely about the adoption of the most cutting-edge technologies, from artificial intelligence (AI) to blockchain. However, AI isn’t the only tool to which these companies, and their corporatefinance clients, should be paying attention. The latest report from Gartner, Inc.
Before that, the B2B and B2C legislation had already introduced a similar prohibition, but financial services had been (partially) exempted. This leaves the question as to what extent contracts on financial services (international corporate lending in particular) are now caught by the general prohibition on unfair terms in the new Civil Code.
The whirlwind of FinTech investment shows no signs of slowing. billion worth of investments. The volume of deals increased, too, with nearly 2,700 investment rounds closing last year. B2B FinTechs are playing an especially prominent role in this trend, analysts noted. and India leading the charge. billion in the U.S.
Accounts receivable (AR) is a function that spreads across multiple tasks of an enterprise, from corporatefinance to sales teams and vendor relationship management initiatives. As B2B payments in the U.S. Yet AR has widely been viewed as a friction-filled manual task that doesn’t add value to the organization. Even in the U.S.,
Revenue generated from virtual card rebates, for example, can financeinvestments in automated AP and AR technologies. The possibilities are seemingly endless, particularly as the consumer payments world ushers in new technologies for the B2B space. Looking Ahead. “It’s a matter of when, not if.”
This week, the largest funding round went to a B2B startup developing autonomous trucking technology to boost fleet efficiency, with other rounds landing at small business bookkeeping, workforce communications, and IBAN fraud mitigation startups for a combined $236 million-plus landing at B2B startups.
In many ways, these individuals, indeed, are employers, with staff to manage their homes, investment advisors , lawyers and other service providers. Ensuring that credit card or utility bills are paid on time, for example, is a larger burden for these than for the typical individual.
percent equity interest in Hangzhou Zeshi Investment Partners, which will enable China Lending to launch its new supply chain financing services in the near future, including financing products design, related corporatefinancing solutions, investments and asset management, and more.
Investors diversified their funding to B2B companies this week, hitting several areas of corporatefinance including accounts payable, accounts receivable, payroll and supply chain management. B2B Payments. Find out who. is joining the funding round alongside existing backers Richmond Global and PivotNorth, reports said.
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.
Q1 may be known for sluggish venture capital, but with the quarter quickly wrapping up, B2B startups aren’t entirely left in the dark. It all streamed in early on in the week, and, come Wednesday (March 30), the B2B venture capital space went radio silent. CorporateFinance. Veritas Finance. Software-as-a-Service.
If it seems like Visa has been on a B2B payments kick lately, it’s because they have. The payments giant has struck several new partnerships, expanded its commercial capabilities into new markets and developed new B2B payments solutions – all within the last few months. “Speed is becoming more important. .”
Cambridge Associates managing director Michael Larsen said investment groups have triggered a “massive convergence” for late-stage startups. billion for a January investment fund, according to a document seen by FT. Investors from the U.S. are on course to break fundraising records, with $23.9
Instead, VCs leaned conservatively toward a mix of B2B FinTechs operating in the financial management space for small businesses (SMBs) and in the treasury management market for mid-level and larger enterprises. All in all, investments totaled more than $178.6 It seems VC has cooled off a bit in the B2B FinTech front.
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
This week’s Commercial Card Innovation Tracker finds the biggest names in the industry, as well as FinTech newcomers, stepping in to drive further adoption of the corporate card. American Express commercial cards have been a staple for many corporates over the years. American Express Debuts AP Tool. Now, with $10.2
-based Apruve landed funding for their solutions, signaling continued interest by venture capitalists (VCs) in not only alternative finance, but in FinTech firms looking to address B2B companies’ pain points of delayed and unpaid invoices. The company recently announced $3.2 In the accounts receivable space, U.S.-based
Corporatefinance is breaking records with its M&A activity this year, thanks, in part, to rising cash reserves. The publication described the disclosure of cash reserves and other investments as “patchy,” with regulators requiring only vague disclosure by some of the nation’s largest companies, like Apple, regarding cash.
Much of that innovation has been focused on corporatefinance and payments, as top financial services players have introduced new blockchain solutions in an effort to disrupt and improve corporate payments. in blockchain development efforts.
Like many positions in corporatefinance, the role of chief financial officer (CFO) is facing new pressures in a climate of innovation and novel challenges, from cybersecurity to geopolitical events. It’s a shift that’s been happening for years.
Investors this week placed more than $447 million in B2B FinTech startups, with the biggest investment rounds landing at companies that address more than one point of friction. One startup, Colombia’s Portal Finance, also signals investors’ appetites for multitasking B2B FinTech startups.
With more than $89 million raised, B2B FinTechs this week impressed venture capitalists (VCs) with a range of services, including small business accounting, financing, spend management and payroll. PYMNTS breaks down the latest VC investments below. Small business accounting startup Xendoo announced a $3.5 Modern Treasury.
Some of the biggest names in banking participated in the Series E funding round for digital billing and payments company Transactis , a SaaS startup that aims to help corporations reduce their dependence on paper invoices, bills and other documents in favor of digital payments solutions. are electronic.
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.
In corporatefinance, chatbots are gaining steam in areas like banking and accounting. Firstly,” he said, “eCommerce is transforming how customers order goods, both B2B and B2C. Blockchain, for example, is now a common topic in conversations surrounding supply chain innovation.
Corporatefinance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury.
Citi ‘s latest report on how the corporatefinance world plans to navigate volatility in 2019 suggests chief financial officers (CFOs) have a role model toward which to look: the so-called “tech titans.” ” The report stated that Citi estimates $10.6 ” The report stated that Citi estimates $10.6
“Just a couple of years ago, the trend was to build applications for treasury,” said Rahal in a recent interview with PYMNTS explaining the rise of APIs in corporate banking. TreasuryXpress is the latest B2B FinTech gearing up to release its own API solution. For one, it’s our job to invest much more than the company in security.”.
million) in financing from BCI Europe, Paragon Bank and British Business Investments in addition to financing and venture debt from Silicon Valley Bank (SVB), according to a Tuesday (Dec. -based Liberis has notched £70 million (approximately $93.5 22) press release.
Amid the flurry of B2B FinTech innovation aiming to transform organizations’ back offices, there is often one common threat within the disruption: the need for previously siloed, disconnected systems and processes to integrate with each other, offering a streamlined, holistic view of the enterprise.
Investment in B2B FinTech startups came through a variety of channels this week, from venture capital to growth equity. In total, backers placed $273 million across companies operating in alternative finance, treasury management, software-as-a-service (SaaS) and B2B sales tech. The B2B SaaS market is diverse.
B2B software-as-a-service (SaaS) firm Workiva released new data this week that highlights financial executives’ struggle to forecast. Despite CFOs and other financial executives admitting that there is room for improvement in their operations, investment in technologies that could enable those improvements is not a priority.
They’re a staple of corporatefinance and, as of recent years, are accelerating their shift into the cloud. Analysts said that, even while corporates are satisfied with the ERP systems they have chosen, they’re largely struggling to deploy them effectively and get the most return on investment (ROI).
” In its 2018 AFP Technology Survey , underwritten by corporate treasury management firm BELLIN , the AFP surveyed 708 corporatefinance executives about their thoughts on adoption of technologies like artificial intelligence (AI) and blockchain.
The spectrum of corporate technological disruption is vast. Large, multinational organizations have the resources to embrace disruption and invest in the tools that will bring it, but often find themselves too large to change quickly. Where does the middle market fit in this spectrum?
Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporatefinance.
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