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Banking-as-a-Service Tops This Week's B2B VC Roundup

PYMNTS

With nearly $90 million in new funding landing at B2B FinTechs this week, investors showed off a diverse range of focuses, from procure-to-pay to small business payments. But it was a Banking-as-a-Service company that led the roundup this time, with one startup looking to expand into Credit Cards-as-a-Service with its latest investment.

B2B
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NEW REPORT: B2B Banking’s Tech-Driven Future

PYMNTS

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
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B2B FinTechs Get Creative With Open Banking Use Cases

PYMNTS

clearing bank ClearBank is introducing multicurrency bank accounts for businesses to move funds based on foreign exchange prices in real time. In addition to their collaboration, Purdue revealed it will also be investing in Payrailz's credit union service organization, CU Railz. In the U.K.,

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Investors Open Their Wallets For B2B Payments Efficiency

PYMNTS

It was another stellar week for B2B FinTech startups, which announced a collective $191.8 million in venture capital and growth equity investment this week. B2B Payments. The company recently spoke with Karen Webster about the investment and its goals for the funding, announced Tuesday (Oct. PayCommerce. On Thursday (Oct.

B2B
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Investors Eye B2B eCommerce, Expense Tools

PYMNTS

Though not the busiest week in B2B venture capital funding, investors presented a clear preference for corporate expense management and B2B eCommerce, with additional funding going toward logistics and small business banking firms for a total of $203.5 million raised this week.

B2B
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Hong Kong Digital Payment Platform Statrys Lands $5M

PYMNTS

Statrys is a payment offering is targeted to small and medium-sized businesses (SMBs), entrepreneurs and upstarts that need flexible banking and developed foreign exchange offerings that can let them expand around the world.

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FLEETCOR Buys AFEX To Boost Cross-Border Payments

PYMNTS

FLEETCOR , which works in global business payments, announced that it had reached an agreement to acquire cross-border payment firm Associated Foreign Exchange (AFEX) to help boost its own payments network, a press release says.