Remove Banking Remove Foreign Exchange Remove Invoicing Remove Valuation
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Robotics Process Automation Rakes In The VC Cash

PYMNTS

While Automation Anywhere’s funding was the largest of the week, its valuation is not the biggest. The FinTech targets friction and costs associated with foreign exchange (FX) conversion fees and volatility that corporates experience when making payments to their vendors across borders.

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B2B eCommerce Tips The VC Scales

PYMNTS

Australia’s ANZ Bank led a $1.56 million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. The company said it will use the investment to develop new features for its B2B offering, with a focus on billing and invoicing. ForwardLine Financial.

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Sizzle Fizzle: Amazon And Western Union Sizzle, Phone Upgrades Fizzle

PYMNTS

Ersek explained that Western Union is leveraging its money movement platform to handle the complex foreign exchange and settlement process that gives Amazon the ability to tap into consumer markets in the 200 countries that Western Union serves. The percentage of invoices that are past due now stands at 41.8

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Is B2B FinTech Heating Up At The Wrong Time?

PYMNTS

Alternative finance, challenger banks and foreign exchange players collectively made up 46 percent of funding in the country, though none of these segments secured more than 20 percent of the backing. Citi Ventures supported B2B FinTech companies like invoice financer C2FO, while iwoca got support from CommerzVentures.

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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

London startup mobile bank Revolut Ltd. billion valuation as part of its Series D round that kicked off five months ago. The new funding is an extension of that round to $580 million while the valuation remains the same, the company said. In June, Revolut added American Express to its open banking platform.

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Deep Dive: How Businesses Can Sidestep Cross-Border Payment Pain Points

PYMNTS

Facilitating cross-border payments can be problematic for businesses and their partner banks, especially as real-time payment platforms become more popular. These workers will likely still expect fast payments regardless of the markets in which their employers are based. The cross-border payment problem .

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All The World’s A Stage For (Prudent) FX Risk Management

PYMNTS

However, managing foreign exchange (FX) risk is part of the territory — and, as he told PYMNTS, a calculated approach to currency exposure is key. Businesses that set up operations, raise debt or make investments in other jurisdictions can experience devastating valuation shocks as exchange rates change. For much of U.S.