PYMNTS

JULY 24, 2020

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. Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad.

Startups

PYMNTS

MARCH 23, 2020

Partnering with third-party providers equipped to handle cross-border payments is one viable solution as these organizations can mitigate potential payment process hiccups, including foreign exchange concerns and payment speeds. Third-party providers cannot eliminate all the frictions associated with cross-border payments, however.

Foreign Exchange

PYMNTS

DECEMBER 11, 2019

Kohli pointed to the added benefits of incoming cash-flow predictions, enhanced invoicing and reconciliation capabilities, and stronger engagement with a vendor’s client community. Foreign exchange (FX) is undoubtedly one of the biggest hurdles. “The person receiving it is just happy to get paid.” and Turkey.

B2B

PYMNTS

NOVEMBER 16, 2018

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.

Accounts Payable

PYMNTS

MARCH 1, 2016

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.

B2B

PYMNTS

NOVEMBER 2, 2018

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

B2B

PYMNTS

OCTOBER 4, 2019

The company said it will use the investment to develop new features for its B2B offering, with a focus on billing and invoicing. Citing unnamed sources, the publication said the new investment would add to the previous $800 million the Vision Fund provided earlier this year, which pushed Greensill’s valuation to an estimated $3.5

B2B