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Banking-As-A-Service, B2B eCommerce Lead Busy Week For B2B FinTech Funding

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It was a busy week for B2B venture capitalists who spread their wealth amongst a wide range of B2B FinTechs, with investments totaling more than $164 million. The company supports the full purchasing cycle with invoice integration and compliance auditing capabilities. LeafLink.

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Blockchain Tries To Jolt B2B eCommerce Into The Digital Age

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The complexities and demands of B2B eCommerce can be significantly greater than those of the consumer digital shopping realm. Overall, B2B eCommerce is stuck in the past, said Inxeption CEO and Co-founder Farzad Dibachi. ” The reliance of B2B eCommerce on EDI technology demonstrates the importance of digital data in the sector.

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Hive Project Inks Deal With Gosocket For Invoices, EBANX Teams Up With Light In The Box

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Coverage includes Hive Project’s deal with Gosocket for invoice financing. In funding news, Bitkoin Africa has secured funding from early-stage investment fund Microtraction as it seeks to bring together the functions of a crypto exchange with indigenous payment processing solutions, Techcabal reported. billion in sales.

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HSBC On The Next Phase Of Treasury APIs

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Singapore-based bank DBS is offering an API-powered payment service that lets companies scan QR codes on invoices to then immediately pay suppliers via the city-state’s near-real-time payments rail. How Banking APIs Help Businesses Pay Faster, Invest Better. Other banking integrations seek to revamp B2B payments.

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Pandemic’s Pressure Points Highlight B2B Payments Vertical Needs

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In the immediate impact of the pandemic, he said, the company lost about 90 percent of its transaction volumes in about a week — but a rebound has taken place as more vehicles are out on the road making eCommerce and food deliveries. Those paper communications, Sharma said, span invoices, proof of delivery documents and approval forms.

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APAC, North America Shine Through With B2B Funding

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Asia-Pacific and North American startups took the lead this week, with funding going to small business (SMB) accounting, payroll, B2B eCommerce and cybersecurity firms — just to name a few. Headquartered in India, B2B eCommerce platform ShopX nabbed $35 million from backers at Fung Holdings, reports in VCCiRCLE said this week.

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Cannabis Shows Early Signs Of Late Supplier Payments Struggle

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Many legal cannabis businesses continue to rely on cash, paper and offline methods of communication to conduct operations without access to traditional financial services. Orders are placed and shipped, and a paper invoice is generated, with retailers using legacy payment strategies to settle those bills. “Sometimes they forget.

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