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Virtual IBANs Remove Friction From Cross-Border, B2B Payments

PYMNTS

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. . Customizing The Accounts. .

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Wirex Rolls Out Beta Version Of Crypto Business Account

PYMNTS

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. The account will support both crypto and fiat payments, and users will be able to transfer funds using over the counter rates or using blockchain, SEPA or Swift.

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B2B FinTech Stays Resilient Amid Investment Slowdown

PYMNTS

Several B2B FinTechs topped the list in Q2, however, including commercial card startup Brex, which raised $150 million, as well as global business account service provider Airwallex with $160 million and small business alternative lender Fundbox with a $200 million raise — the largest of the quarter. TradeDepot.

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Young B2B FinTechs Secure Their Seed Rounds

PYMNTS

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.

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How B2B Payments Balances Compliance With A Better User Experience

PYMNTS

The capabilities to unlock bank data and integrate new services into emerging FinTech platforms via API integrations is a FinTech trend that hasn’t ignored the B2B payments arena. Indeed, says Robert Courtneidge, CEO of payment technology firm Moorwand , this space is one of the most exciting and busy when it comes to innovation.

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Efforts To Address Late B2B Payments Go Global

PYMNTS

Though the coronavirus pandemic has highlighted the impact of late B2B payments in the U.S. Yet new analysis by The Grocer suggests supermarkets may not be as on top of their accounts payable as previously thought. both due to U.S. corporates paying their suppliers late, as well as U.S. Australia and Malaysia. Australia and Malaysia.

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B2B FinTech Kicks Off 2021 With An Investment Bang

PYMNTS

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, expense management, payroll and B2B eCommerce are now in the spotlight. Backers zeroed-in on a range of industries, including SMB banking and lending.

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