PYMNTS

JUNE 19, 2020

It was a big week for B2B FinTech startups in Latin America. It’s an attractive market indeed for investors, with not one, but two Brazilian B2B FinTechs making this week’s venture capital roundup. Until then, PYMNTS rounds up the most recent B2B FinTech investment rounds below. Authenticiti.

B2B

PYMNTS

MAY 18, 2018

B2B startups in the small business banking, expense management and analytics sectors led this week’s investment roundup, securing more than half of the $108 million raised. But it’s a startup in Africa that not only secured the largest investment round of the week, but set a new record in the process, raising $47.5

B2B

PYMNTS

MARCH 2, 2020

Late payments are a reflection of a broader challenge in B2B payments: Large corporate buyers can wield their market power with small suppliers that lack leverage to negotiate faster payment terms. But late payments aren’t the only symptom of unequal B2B relationships. In the context of late payments in the U.K. revealed.

Reconciliations

PYMNTS

SEPTEMBER 19, 2018

Thus the tipping point may be in the offing, enough so that it becomes the title of our latest report on B2B payments, spotlighting the opportunity for innovative payment methods to upset the tried and true methods that could use a bit of shaking up. And if so — why? It’s well known that paper dominates the corporate payments landscape.

B2B

PYMNTS

APRIL 29, 2020

To help bolster B2B payments in the travel vertical, the baVel electronic transaction platform of Voxel has been integrated into Juniper, TravelDailyNews reported. The firm reportedly has millions of active users in different firms, and the investment money will be used to expand into new markets like the United States.

B2B

PYMNTS

DECEMBER 20, 2018

The payments industry has been talking about the digitization of B2B transactions for years, maybe decades, with not much of a nudge of that needle. In some ways, the lack of digitization is the result of the financial services industry operating on misconceptions about the best ways to ensure that electronic B2B payments gain traction.

B2B

PYMNTS

JANUARY 22, 2021

Today in B2B payments, TripActions announces new funding that values the T&E startup at $5 billion, while OneSource Virtual launches invoice payment capabilities. Plus, iBanFirst launches B2B payment traceability tool, Georges rebrands with new funding, and HashCash partners with a bank on blockchain payments. Georges Lands $42.4

Invoicing

PYMNTS

JUNE 23, 2017

and Canada, mostly focusing on Series A investments. We break down all the B2B FinTech funding rounds below. million in Series A investment funding led by Propel Venture Partners; Freestyle Capital, Compound, Upside Partnership and Transmedia Capital also participated. EaseCentral. Also based in the U.K.

B2B

PYMNTS

APRIL 22, 2017

“It’s not just the real-time transfer that’s important here but the information we can send with the payment,” explained Alicia Pertusa, head of the bank’s Digital Transformation in Investment Banking unit, in an interview with Bloomberg Technology.

B2B

PYMNTS

OCTOBER 1, 2020

In the build versus buy debate, particularly within B2B and payments modernization, for at least some companies, the decision rests squarely on the side of “buy.”. The news came against a backdrop where other announcements and activities have illuminated the attractiveness of B2B FinTech as an investment space.

B2B

PYMNTS

DECEMBER 8, 2017

In total, B2B venture capitalists placed (or announced plans to place) $85 million in funding to businesses, with startups in the U.S., It was a mixed bag of funding, with a few startups working in more traditional B2B technology, including expense management and SaaS. PYMNTS breaks down the investments for B2B FinTechs below.

B2B

PYMNTS

JANUARY 13, 2021

But at a high level, he added, firms that have already invested in AI, which can help predict those payment dates, have been able to recognize significant improvements in their collections processes — and, as a result, cash flows improve, too. Yet the reluctance to embrace new payment technologies is palpable, said Shields.

Accounting

PYMNTS

JULY 31, 2019

JPMorgan has announced it will use the service to streamline the delivery of electronic B2B payments for its commercial card clients. As we continue to invest in our Single-Use Accounts (SM) solution and partner with innovative, industry-leading providers such as Visa and Billtrust, joining the network was a natural step in our road map.”.

B2B

PYMNTS

APRIL 26, 2019

Though more than half of corporate payments are done through paper means, increasingly, and recently, a number of players have been jumping into the fray to bring payments to the digital realm, enough to have made this past week a B2B sizzle. Later in the call, the CFO said “Visa Direct is a big component to B2B also.

B2B

PYMNTS

SEPTEMBER 7, 2018

There are some B2B FinTech segments that are mainstays with investors. Companies like alternative small business (SMB) lenders or accounting solutions providers, for instance, remain popular investment targets. This week, though, investors revealed their appetite for B2B FinTech firms that can multitask. Portal Finance.

B2B

PYMNTS

JULY 29, 2019

And India, where PayMate is based and does business in the B2B space, is not, yet, an exception to that rule. This is, unfortunately, is just a point-to-point system, there is no reconciliation on this basic platform. But the climb is worth it, he noted, because the rewards in the B2B space are so apparent.

B2B

PYMNTS

JANUARY 10, 2019

Even when technologies come close to addressing multiple challenges that exist today when sending, receiving and reconciling B2B payments, those benefits typically come with a cost — whether it be the interchange fees of cards or the burden of replacing legacy infrastructure.

Reconciliations

PYMNTS

JULY 2, 2020

Some businesses are only just beginning their commercial card journeys as part of a broader push to digitize B2B payments. And with more businesses forced to invest in the rapid deployment of their digital migration strategies, commercial cards can be a valuable source of credit to fund that shift. Optimizing Card Spend.

Economics

PYMNTS

JANUARY 5, 2017

Technology firm Ricoh is jumping into B2B payments with a new service aimed at digitizing accounts receivable processes. Electronic invoicing is considered key to improving B2B payments and processes. Analysts last year pointed to eInvoicing as a critical component to promoting a real-time economy.

Invoicing

PYMNTS

AUGUST 5, 2019

B2B payments startup ePayRails has announced new funding to focus on further technological development of its Payment Hub. According to ePayRails CEO Richard Jackman, the company will deploy the funding to buildout its ePayRails Payment Hub, invest in sales and marketing, and bolster its back-office client support offerings.

B2B

PYMNTS

MAY 12, 2017

But the rise in B2B eProcurement and eCommerce is helping firms make that leap to going digital — and, according to CloudCraze , implementing digital commerce solutions can initiate broader advances in technological adoption overall. B2B can be that driver that leads” a broader digital transformation, she said.

B2B

PYMNTS

SEPTEMBER 26, 2018

The solution is compatible with existing Citi accounts receivable solutions, including Citi Payer ID Accounts for automated reconciliation. Users can view transaction activity and manage online banking entitlements, the bank explained.

Accounting

PYMNTS

OCTOBER 2, 2019

As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B). Likewise, companies have invested a significant amount of time and money into their ERP systems.

B2C

PYMNTS

FEBRUARY 13, 2018

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. .

B2B

PYMNTS

JULY 8, 2016

With nearly $50 million in venture capital funding for B2B startups this week, the field didn’t fare too bad. Cross-Border B2B Payments. Quickli enables businesses to handle the “last mile” of logistics and delivery, especially as the B2B eCommerce industry balloons in the country. ” Alternative Lending.

B2B

Bramasol

JUNE 30, 2023

Artificial Intelligence Revolution Extends into B2B Although artificial intelligence applications such as machine learning (ML) and robotic process automation (RPA) already have been in wide usage for B2B (business-to-business) markets, the revolution spurred by new generative AI has added fuel to the enterprise adoption of artificial intelligence.

SAP

PYMNTS

MAY 4, 2020

With so much paper stuck in AR and AP departments, the B2B payment functions are prime digitization targets that could yield efficiencies and cost savings well after economic disruption settles. “The ultimate B2B payment is really a virtual card,” he said. That PDF is probably still going to be printed out at some point.”

Invoicing

PYMNTS

OCTOBER 17, 2017

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 an announcement on Tuesday (Oct. In an announcement on Tuesday (Oct.

Reconciliations

PYMNTS

FEBRUARY 1, 2021

And in B2B payments, companies are updating and shoring up their payments and reconciliation workflows to suit the new digital landscape. Data: $302M : Approximate amount that Berlin Brands Group plans to invest in purchasing smaller companies. All this, Today in Data.

Reconciliations

PYMNTS

OCTOBER 19, 2016

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. ” . ”

Forecasting

PYMNTS

MAY 28, 2020

The FinTech enterprise Software-as-a-Service (SaaS) company, which is focused on automating treasury management and order-to-cash processes, said the new technology reinforces its investment and plan to make AR automation an important driver for business expansion, according to an announcement.

Technology

PYMNTS

JANUARY 31, 2018

B2B payments has a reputation for being slower than B2C transactions to innovate, but that’s not without reason. Unsurprisingly, B2B eCommerce has emerged as a target for blockchain innovators, not least of all because blockchain technology may be able to help address the data problem of business-to-business trade.

B2B

PYMNTS

FEBRUARY 26, 2020

More and more, B2B payment solutions are focusing less on single end-points of friction, and more on the overall picture of how money (and data) moves from one business to another. One of the biggest challenges in B2B payments today for both buyer and supplier is the need for transaction data for remittance, reconciliation and accounting.

Accounting

PYMNTS

NOVEMBER 26, 2019

While nearly half of AP departments surveyed said reporting and data analytics are top priority, many teams struggle to accurately assess the return on investment (ROI) of AP technology. WEX will connect its commercial customers to the BPN, which promotes buyer-supplier integration to streamline B2B transactions.

Accounting

PYMNTS

JULY 1, 2019

In a press release , the payment provider announced new funding from BIP Capital , which is investing in ConnexPay’s payments technology that addresses issues in B2B payments within the travel sector. In addition to the new funding, ConnexPay announced an expanded collaboration with Visa to issue Visa virtual cards.

B2B

PYMNTS

AUGUST 15, 2018

B2B payments continues to enjoy its moment in the innovation spotlight, but the industry still has a long way to go if it’s going to beat the race against paper and manual processes. ACOM Solutions SVP of Core Business Division James Scott says there are a few things that the B2B payments industry is certainly getting right today.

B2B

PYMNTS

SEPTEMBER 19, 2018

A robotics process automation (RPA) startup has just secured a $3 billion valuation as B2B FinTech continues to explore how the technology will disrupt the market. The latest investment means UiPath has tripled its valuation in less than six months, reports noted. A press release issued Tuesday (Sept.

Valuation