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At the time, Gronen was vice president of finance, responsible for assessing acquisitions and analyzing their outcomes. Once the board approved the plan, Gronen led efforts to align sales teams and streamline processes. Once the board approved the plan, Gronen led efforts to align sales teams and streamline processes.
This week's look at the latest in partnerships finds players in the SMB financial services landscape embracing a range of avenues to collaboration — including mergers and acquisitions (M&A) — to connect SMBs to financing, digital banking services and more. Lloyds Pilots Satago Technology. Orange Bank Acquires Anytime.
Small and medium-sized business (SMB) financing company Trade Finance Solution (TFS) is expanding its offering through a new acquisition. 19) in a press release that it had reached an agreement to purchase Paragon Financial Group, an invoice financing firm. The company announced Friday (Jan.
During the firm’s earnings call, Clarke pointed to initiatives across Fleetcor’s four core business units — fuel, corporate payments, tolls and lodging — via collaborations, mergers and acquisitions (M&A) to drive incremental growth in each area. Total revenues were up 7 percent year over year to $619.6
Mergers and acquisitions have become a popular way for traditional financial institutions to acquire the technologies developed by smaller FinTechs, not only allowing FIs to build out their offerings, but eliminating the reliance on an API strategy to connect their platforms to third parties.
Third-quarter mergers and acquisitions reportedly rang up $1 trillion worth of deals globally. The offering is in charge of centralizing all costs and directing them to the expense management technology or enterprise resource planning system (ERP) that the firm chooses without intervention. 23) announcement.
Supply chain payments company Tradeshift is reportedly vying for an acquisition of Finnish eInvoicing and B2B payments company Basware. The solution supports invoice payments via check, ACH, virtual card and wire. The B2B payments space is likely to see continued increases in M&A activity. Bloomberg reported on Tuesday (Nov.
8) said that eProcurement platform SESAMi and alternative and invoice financing firm Capital Match are merging their companies to roll out a “fully integrated supply chain financing solution to corporates and their suppliers,” the companies said in a joint announcement. Reports in Vulcan Post on Thursday (Nov. ” .
Whether that means establishing subsidiaries abroad, acquiring customers in new geographic markets, or stepping into a new space via mergers and acquisitions (M&A), even small companies are often global ones. This used to be a big-company problem, back in the day," he told PYMNTS in an interview. Post-Payment Pain Points.
Kenna said it plans to use the funds to expand its team, focus on sales and continue innovation efforts. The investment will be used to expand its API platform as well as its connector ecosystem, while Kloudless also plans to roll out new solutions to automate the integration process. PYMNTS breaks down the latest deals below.
Also known as reverse factoring, supply chain financing enables businesses to sell unpaid invoices once they are approved by a corporate buyer. Corporate buyers then have more time to pay those invoices, while suppliers get financed more quickly. Trade finance is a critical part of cross-border trade, particularly for small businesses.
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