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Microsoft is rolling out a new corporate expensemanagement solution designed for iOS devices, the company announced on Thursday (Oct. The enhancement supports employee expense reimbursements as well as micropayment disbursement and payment to employees for travel allowances to support mobile workforces, Microsoft said at the time.
This week's look at the latest in open banking initiatives shows creativity in how FinTechs, credit unions (CUs) and banks wield data integrations for the benefit of corporate end users, from streamlined credit underwriting to automated expensemanagement. ClearBank Dives Into Multicurrency Accounts Via API. In the U.K.,
Today in B2B payments, Barclays debuts a corporate trade finance platform, and Adobe introduces B2B data capabilities on its real-time Customer Data Platform. Plus, Zact introduces its expensemanagement solution, Monit adds new small business Banking-as-a-Service features and Plaid teams up with Jack Henry.
This week's Commercial Card Innovation Tracker finds Barclaycard and Visa among the latest to embrace v-cards to elevate employee spend management and supplier payments. Barclaycard Debuts V-Card For ExpenseManagement. Dubbed Precisionpay Go, the new Visa-powered solution supports digital spend management for U.K.
While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management.
It was another stellar week for B2B FinTech startups, which announced a collective $191.8 B2B Payments. B2B payments automation firm Nvoicepay revealed a $10 million investment Wednesday (Oct. What would a B2B venture capital roundup be without an alternative finance player landing on the board? PayCommerce. SME Finance.
B2B FinTech startups have stepped into 2021 with a bang, as industry players raised more than $910 million in combined funding. And thanks to several nine-figure investment deals, BaaS, expensemanagement, payroll and B2B eCommerce are now in the spotlight. Zerone Microsystems Private Limited.
In the quest to grab greater control over and visibility into company spend, Alex Bean, co-founder and COO of expensemanagement company Divvy , said strategies must be proactive, not reactive. The accountants are waiting for receipts to come in at the end of the month; they have to chase them down and react to expenses coming in.”.
Today in B2B, Starling Bank seeks new funding as the challenger bank is said to be considering an IPO. Plus, Lloyds Bank partners with a FinTech to streamline supply chain finance, Expensemanager collaborates to automate expensemanagement and Xendoo pairs up on accounts receivable optimization.
In the inaugural edition of the B2B Workforce Spend Playbook: A Guide To Modernizing Everyday Spend , in collaboration with Conferma Pay , PYMNTS examines how the long-term transition to a remote workforce is affecting individuals’ ability to pay for the goods they need to work, eat, sleep, exercise and perform all their normal activities from home.
When the B2B payments industry began considering what to expect for 2018, commercial cards weren’t often on the radar. Cards are still expected to account for only a minor fraction of B2B payments volume in accounts payable by the end of the year, after all, with ACH gaining traction as the go-to ePayments rail for corporate payers.
It’s certainly the case for expensemanagement, said Karim Jouini, CEO of France-based Expensya. Indeed, one of the biggest mistakes a company can make in its expensemanagement strategy is “underestimating the importance of these three success factors in a process: data, data, data,” he said.
Sage will offer its small business customers of its accounting and business services offerings in Spain B4B Payments’ existing expensemanagement prepaid card solution. A report published by Sage late last year found 17 percent of all B2B payments in the U.K.
Though 2020 was full of volatility, the B2B FinTech landscape persevered with venture capitalists and other investors for a lucrative year. Highlighting the increasing interest in this startup space is this week's B2B venture capital roundup, which recaps the final two weeks of 2020 in B2B FinTech investments. Deliveristo.
The latest data on corporate travel and expensemanagement trends was released today (Feb. The company analyzed data from its clients and found new patterns in how companies manageexpenses incurred while employees travel. 9) as T&E firm Certify published its newest report.
In B2B payments and corporate finance, it wasn’t only bank-FinTech collaboration that made headlines in 2018. Here are some of the biggest stories of B2B payments collaboration from 2018. Last June, the company announced a partnership with B2B eCommerce platform Handshake to further that initiative.
When it comes to B2B payments, plenty of pain points also mean plenty of opportunity for solution providers, although no single payment technology could possible combat every B2B payment challenge today. based B2B payment solution provider that expanded into North America this year with its prepaid commercial card tools.
Small business accounting solution provider ScaleFactor is expanding its product suite to include a commercial card product to support expensemanagement. 15) said ScaleFactor is launching a ScaleFactor Visa Card, a commercial card designed for small businesses to manage spend and customize their expensemanagement workflow.
Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. B2B payments FinTech Qolo has announced a $3.8 Reports said the U.K.
based Metro Bank has begun piloting a new corporate expensemanagement solution in partnership with Canadian FinTech Sensibill , a press release said Wednesday (Dec. The new service provides automated data capture on receipts for professionals traveling and making purchases on behalf of their companies.
Australian cloud expense and software provider expensemanager has partnered with Sage Intacct to offer cloud expertise and invoice management on the latter company's Intacct Marketplace, a press release says.
With $521 million raised this week among B2B FinTech startups, the industry continues to prove its appeal among venture capitalists. Ramp offers businesses a corporate credit card product linked to cash-back rewards and expensemanagement technology designed to help businesses spend less. MaxWholesale.
Expensemanagement technology is now a saturated market, particularly for the small business space – which is notoriously difficult to serve, because they are too small for large, enterprise-grade solutions, but too large for consumer-specialized tools. “We are more than welcoming them.”
million in new funding, B2B FinTechs this week are finding support from investors embracing startups’ focus on small- to medium-sized business (SMB) finances, from banking to payments. Below, PYMNTS rounds up the latest B2B FinTech venture capital funding rounds. France’s Alma is not a B2B payments company, but it soon will be.
Cloud software company Blackbaud is rolling out purchasing cards and expensemanagement services for its corporate customers, the company said Tuesday (Feb. Blackbaud Purchase Cards are designed for “social good organizations” to digitize their accounts payable processes and enhance spend management for employees.
Concerns over an economic downturn haven’t seemed to dissuade venture capitalists from backing B2B FinTech firms, with this week’s roundup including players in the small business (SMB) banking, corporate travel, expensemanagement, alternative finance and data integration spaces. 2nd Address. ANNA Money.
This week, the B2B FinTech startup space bucked any notion of a VC downturn with several high-value deals, and one of the busiest VC investment roundup weeks for the B2B space so far this year. Below, PYMNTS breaks down how more than $516 million in venture capital was spread across B2B FinTech firms.
A new corporate expensemanagement company, Sweep , officially launched Wednesday (July 24), targeting startups and small businesses with automated spend tracking. According to the company, those data protection regulations have changed the way businesses must process their company expenses.
Mooncard, a France-based FinTech that provides businesses with payments cards and expensemanagement solutions, has announced $5.7 Mooncard combines a physical card solution with a digital expensemanagement platform to streamline the spend management process for businesses. million employees, Leteurtre said.
Business owners can seamlessly switch to Digits and connect with services a company already deals with — accounting, lenders, payroll, financial and more, TechCrunch reported. “Digits is a phenomenal and truly game-changing product,” said Kenny Mendes, head of finance, people, and operations at Coda, according to the blog post.
In total, B2B venture capitalists placed (or announced plans to place) $85 million in funding to businesses, with startups in the U.S., It was a mixed bag of funding, with a few startups working in more traditional B2B technology, including expensemanagement and SaaS. ExpenseManagement.
The company combines a Mastercard debit card, mobile business account and virtual assistant into one offering, which is designed for freelancers, small businesses and startups. ANNA has transformed into an app that handles financial management tasks such as direct debits and invoicing, enabling clients to focus on other tasks.
Corporate expensemanagement solution provider Divvy is expanding its product offering with the introduction of Bill Pay, announced Thursday (Sept. Bill Pay, paired with the rest of the Divvy platform, offers financial leaders a single source for all their spend and expensemanagement needs.”.
million was placed with B2B FinTechs this week. landed on the board, too, as alternative lending, small business banking, back-office financial management and accounts receivable technology enticed backers. In the waning days of summer, venture capitalists appear to be in a lull: only $51.2 France’s Upflow announced a $2.7
Digital B2B payments innovations as diverse as machine learning (ML) automation, cloud-based enterprise resource planning (ERP) systems and virtual cards are gaining unprecedented traction as businesses move to build sustainable B2B payments operations outside of th e office. Around The B2B Payments For The Virtual Workforce World.
This week’s B2B venture capital activity led to an impressive $141.2 million in total funding across nine rounds, with startups ranging from corporate travel and expense (T&E) management and small- and mid-sized business (SMB) accounting to artificial intelligence and beyond. Travel and ExpenseManagement.
We’re covering two weeks’ worth of B2B venture capital funding, and across the board, India has come out on top. But the largest venture capital funding round went to an accounts payable automation firm in the U.S. But the largest venture capital funding round went to an accounts payable automation firm in the U.S.
But it can also mean booking rides a year in advance, “which is something businesses love in terms of planning, budgeting and expensemanagement,” the CEO noted. The B2B ground transportation segment also has to cater to the differing corporate cultures around the world. Yes, that sometimes means a quick ride on the fly.
Mastercard Streamlines Amazon ExpenseManagement. For businesses that make purchases on Amazon, Mastercard has struck a collaboration to streamline the expensemanagement and reconciliation process. "We should let them be used for EV charging, too.".
CSI Kick Start, a FinTech incubator operated by corporate payments company CSI globalVCard, said it has officially kicked off its second year of searching out B2B payments innovators. The company said Thursday (Jan.
A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season. This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding. said this week. Reports in L.A. OfBusiness.
Venture capital is no guarantee in times of market volatility, but this week’s B2B venture capital breakdown finds several companies managing to secure millions for solutions that enable B2B eCommerce, financial management and alternative lending. The firm is based in Israel and the U.K.,
Some of the largest points of friction in B2B payments today boil down to fragmentation and data silos: Traditionally, there is separation between a process (i.e., There are silos between various platforms like accounts payable, accounts receivable, procurement and treasury management. the function of payment a vendor).
B2B FinTechs are once again showing the different use cases for corporate card technology and how these offerings add value to the enterprise. Convoy said that enables trucking companies to account for fuel discounts as they look for their next jobs. B4B Payments Focuses On Niche B2B Payment Solutions .
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