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Invoice Startup Upflow Raises $2.7M

PYMNTS

French startup Upflow , a company that wants to streamline the invoicing process for companies, help them stay organized and ensure they get paid on time, has raised $2.7 Many companies have relied on Excel spreadsheets to keep track of invoicing information, and Upflow has created a proprietary system to improve on that.

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Crowdz Pilots Invoice Crowdfunding Platform InvoiceXchange

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B2B invoicing and payments firm Crowdz has announced a new pilot aimed at connecting businesses to crowdfunding services to finance their unpaid invoices. 16), Crowdz announced it is rolling out what it claims to be the world’s first invoice financing marketplace, InvoiceXchange, in pilot phase.

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ASB Bank Invests In Blockchain Trade Tech Startup TradeWindow

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Australia and New Zealand-based ASB Bank has acquired a stake in a New Zealand startup developing a blockchain-powered trade management solution. 12) that ASB Bank has invested in TradeWindow with funds that will support the startup’s ongoing development of a distributed ledger technology-powered trade platform.

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Shark Tank Star Out $400K In Invoice Fraud Scam

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Invoice fraud scams continue to target businesses of all sizes and industries, with experts warning of a major spike in various iterations of business email compromise scams. Reports in People this week said Corcoran lost nearly $400,000 to an invoice scam and confirmed that she will not be able to recover the funds. “I

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Payments Startup Veem Introduces New Tool For Easy B2B Payments 

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Global payments startup Veem is launching a new business-to-business (B2B) tool to simplify and automate domestic payments, the company announced in a Wednesday (Nov. The new investment will be used to further expand its global footprint as well as improve its tools and capabilities. . 18) press release.

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VCs Looking For FinTech Firms To Solve The Pain Of Unpaid Invoices

PYMNTS

This week, Barclays and Santander InnoVentures demonstrated traditional banks’ interest in alternative finance when they led a nearly $34 million equity fundraise for invoice financing platform MarketInvoice. The firm plans to focus on expansion with the investment, targeting a customer base of 30,000 by 2022.

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Alt Lending, Artificial Intelligence Startups Lead Investment Activity

PYMNTS

This week’s VC Investment Roundup demonstrates investors’ varied appetite for B2B FinTech. Funding targets this time around included blockchain, logistics, alternative finance, artificial intelligence and T&E — with a few startups taking a stab at some of the biggest problems in the cannabis industry, procurement and microfinance.