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This week, however, venture capitalists in the B2B FinTech space went global, hitting Australia, the U.S., Once again, it was a healthy dose of modest funding rounds for a varied B2B FinTech space, and we break down all of the $45.6 France and India. million raised. Commercial Cards. Corporate Travel. TripActions. Lighthouse.io.
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.
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.
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.
Amadeus B2B Wallet Expands Functionality. In another initiative gearing up for the return of corporate travel, travel managementplatform Amadeus has announced that its payment offering, the Amadeus B2B Wallet, is now able to automatically generate virtual cards through a partnership with Troovo , PYMTNS reported.
If it seems like Visa has been on a B2B payments kick lately, it’s because they have. The payments giant has struck several new partnerships, expanded its commercial capabilities into new markets and developed new B2B payments solutions – all within the last few months. “Speed is becoming more important. .”
Alternative lending platforms integrating with providers of other financial services has become a new norm. Just look at SAP Ariba , which integrated PrimeRevenue’s supply chain financing into its spendmanagementplatform, or Reckon , a small business accounting platform that recently rolled out an SME lending feature thanks to Prospa.
Corporate expensemanagement solution provider Coupa has updated its platform with new features targeting compliance and fraud prevention. The company issued a press release Wednesday (Feb. The company issued a press release Wednesday (Feb.
Corporate expensemanagement firm Chrome River is collaborating with India-based travel company Yatra , the companies announced on Monday (May 14). Rich added, “In addition to the need for increased control and visibility into spend, companies are looking for expense reporting solutions, which work across any mobile platform. .”
The B2B payments market is already enjoying a solid year, thanks to some of the biggest names in payments and FinTech taking a solid stance in the space. PYMNTS takes a look back at some of the most popular B2B payments stories of the year so far. Mastercard Sent Steps Into B2B. Visa Buys Fraedom.
Separately, in an effort to stymie fraud, corporate expensemanagement solution provider Coupa has updated its platform. As reported in this space during the week, the invoice payment enhancements are part of Coupa’s expansion into the B2B payments sphere via Coupa Pay, which debuted late last year.
.” Procuring a software subscription that goes unused — or setting up automatic subscription payments that go unnoticed — certainly creates a problem for businesses of all sizes in the form much wasted spend. Take, for example, a large company with multiple teams. Take, for example, a large company with multiple teams.
While there may be a flurry of solutions for the enterprise to managespend across a variety of business operations — accounts payable, travel and expensemanagement or procurement — rarely do these solutions meet the spendmanagement needs for all three areas.
Distributed spendmanagementplatform Teampay will be integrating with Ironclad , a digital contracting platform, to help connect financial and legal workflows and streamline spendmanagement, according to a Wednesday (Oct. 28) press release.
Small- to medium-sized business (SMB) spendmanagementplatform Spendesk has landed an $18 million investment in addition to its $38 million Series B round in 2019. Spendesk provides a spendmanagement offering that gives further visibility and digitization to finance workforces. Spendesk Lands $18M Investment.
Corporate spendmanagementplatform Coupa is expanding availability of virtual commercial card payments as a result of a partnership with BNP Paribas , according to a press release from the financial institution. “Open finance will allow faster payroll, simpler expensemanagement and streamlined invoicing and budgeting.”
the latest agreements and product releases in the B2B world are showing how Open Banking can have a similarly profound impact on corporate and small business banking and financial services, too. B2B FinTech, Soldo , announced a data integration with NatWest , allowing U.K. The business model in the U.S. Yet, outside the U.S.,
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