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Six corporate travelexpensemanagement and accounts payable (AP) solution providers are combining into a single company to form Emburse , according to a press release Thursday (Jan. Abacus, Captio, Certify, Chrome River, Nexonia and Tallie are merging together to integrate each other’s T&E and AP solutions.
But the largest venture capital funding round went to an accounts payable automation firm in the U.S. Wholesalebox said it will use the funds to expand operations into new markets and scale its technology infrastructure. TravelExpenseManagement. with an $18 million investment. Baoku Online. B2B Payments.
As PYMNTS had previous covered, way back in 2017, cloud-based travel and expense report management solution Certify bought nuTravel in a deal designed to enable Certify to launch a new solution using nuTravel technology. That deal reflects larger and longstanding trends in travel in general, and T&E in particular.
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