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APRON , the businesspayments powerhouse, has raised a $30 million Series B funding round to help more smallbusiness owners make it by digitising and simplifying the payments process, and bring greater security to these companies’ cash flow. Apron gives SMBs the tools to do business better and more efficiently.”
From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2Bpayments ecosystem still has much room for improvement on multiple fronts. Moving the needle in the journey away from paper checks isn’t a one-sided battle, either. An Ecosystem Approach.
The financial institution released the results of its SmallBusinessPayments Spotlight survey last week, which surveyed more than 500 smallbusiness owners and 500 consumers in the U.S. Bank of America said data breaches can be “devastating” to smallbusinesses.
Smallbusinesses have landed at the center of B2B FinTechs’ and financial service providers’ latest collaborative efforts. smallbusiness lending platform Funding Circle is reportedly considering whether to wield open banking to enhance its own product offering. ’s Faster Payments scheme.
When it comes to B2Bpayments, the mobile device has limited traction. adoption is typically limited to contexts in which an individual may be making a purchase in a retail setting on behalf of a company: a professional on a business trip paying for lunch, for instance, or a delivery driver refueling while on the road.
Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support smallbusinesses as they manage working capital instability.
With nearly $90 million in new funding landing at B2B FinTechs this week, investors showed off a diverse range of focuses, from procure-to-pay to smallbusinesspayments. Digital smallbusinesspayment services provider Statrys , based in Hong Kong, announced $5 million in fresh funding.
Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Visa To Use Card Rails For Digital Currency B2BPayments. Iceland Debuts Instant Payments.
Tackling B2Bpayments friction is a journey, but when corporates take their transactions global, finding a remedy for cross-border B2Bpayments is a much more complicated process. ” Tackling B2Bpayments on a global scale calls for collaboration, McCarthy explained. . More Hurdles Ahead.
Today in B2Bpayments, European banks grow wary of smallbusiness loans, and Xero collaborates on API bank connectivity. At the same time, however, big problems are building over their earlier loans to small and medium-sized businesses (SMBs). REPAY Teams With Billtrust for Vendor Payments.
And, much to the relief of corporates, the continuing focus on B2Bpayments innovation. Businesses have begun to shed the notion that they are slow to embrace new technologies, and that means the disruptive services and solutions coming out of the financial services space aren’t leaving B2Bpayments in the dust.
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 B2Bpayments 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.
Singapore bank DBS is introducing a new solution for smallbusinesses to embrace digital payments and better manage cash flow, according to an announcement on the FI’s website late last week.
During the 2020s, almost all businesses will have been looking at b2bpayments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. consumers using two or more types of digital payment methods increased by 8%. Learn More What are B2BPayments?
QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. Their use for B2Bpayments, however, remains limited — but in the U.K., open banking may be able to change that.
American Express has enhanced its Early Pay system with digital payment features aimed at giving large businesses greater control over their ability to make and receive B2Bpayments, the company announced Monday (Nov.
As the peaks and valleys of blockchain hype continue to rise and fall, more doubt has surfaced over the future of distributed ledger technology, particularly in the area of B2Bpayments. While blockchain doubters have become increasingly vocal in recent months, its believers — including in the B2Bpayments sphere — remain.
Among the communities that may be most affected by the strikes is the smallbusiness (SMB) community, said the Canadian Federation of Independent Business (CFIB), which issued a notice on Monday calling for a speedy resolution of the contract disputes to end the strikes.
But reports also noted that the acceleration of check payments could have significant impact for companies and smallbusinesses that use paper checks to pay vendors or employees. Keeping Checks In B2BPayments. Business-to-businesspayments have been some of the most resistant to electronics,” he said at the time.
Visa announced today that Visa B2B Connect is live in 62 countries, and has added Infosys as a new integration partner. When Visa’s global head of Business Solutions Kevin Phalen opened up this year’s PYMNTS B2BPayments Executive Forum, he made the case that the B2Bpayments arena is in the midst of a transformative shift.
Smallbusiness owners have historically faced a unique challenge in the banking world: Financial institutions (FIs) can sometimes fail to clearly define their smallbusiness services, blurring the lines between personal and corporate banking and forcing an SMB to fit somewhere within that ambiguity.
In B2Bpayments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. Yet, for many business payers, the reason for using checks can be quite straightforward: It’s simply the way payments have always been made.
For businesses, the world market was thrown into volatility, yet soon, new opportunities emerged. At the commencement of 2020, the commercial card was continuing to find its footing in a world of B2Bpayments in which supplier acceptance remained limited. Winter Blues. In late-March, Bloomberg reported that large U.S.
Today in B2Bpayments, Mastercard adds new features to its Track BusinessPayment Service, while a U.K. FinTech with a focus on smallbusinesses secures a restricted banking license. Plus, FactorForYou launches, Ordway enables multi-entity B2B billing and Fiskl partners with Samsung Appstack.
Don’t let the seemingly low value of $42 million raised this week by B2B venture capital firms fool you: VC activity in the space was strong, hitting key verticals like cross-border payments and SaaS. Find out who’s planning ahead in our breakdown of B2B venture capital from the week below. SME Lending. YL Ventures.
FinTech SumUp is launching its first card for businesspayments, in partnership with Mastercard , SumUp announced in a blog post on Tuesday (Feb. The new SumUp Card will enable merchants to quickly access money and monitor finances while making necessary businesspayments. The card will also help U.K.
Today in B2Bpayments, Visa teams up with Razorpay to debut a smallbusiness commercial card solution, while Nets is working with Yoba Smart Money to develop smallbusinesspayment tools. Plus, Australia mulls mandatory eInvoicing, and Emirates NBD launches an omnichannel corporate banking offering.
Paper checks are far from disappearing in businesspayments, but a new solution from U.S. Bank will add a digital, mobile twist to the paper payment tool. Deposit Express is specifically tailored to meet the needs of smallbusinesses. Users take a picture of the check from within the U.S.
Cash is king, and today, cash flow management is an imperative function for large corporations and smallbusinesses — many of which continue to struggle with the market volatility and business disruption caused by the COVID-19 pandemic. AscendantFX Eases Payment Instruction Hurdles.
Apron, the businesspayments powerhouse, has raised a $30 million Series B funding round to help more smallbusiness owners make it by digitising and simplifying the payments process, and bring greater security to these companies’ cash flow.
This week, Mastercard announced plans to modernize its B2Bpayment ecosystem with Mastercard Track. The Mastercard Track BusinessPayment Service is said to be the first global open-loop commercial service created to automate payments between the world’s buyers and suppliers. B2BPayments Across Industries.
Traditional bank loans still reign as the top financing target for smallbusiness (SMB) borrowers, but a new report suggests alternative lenders are gaining traction. 19) noted 27 percent of smallbusinesses surveyed in the U.S. Big banks still dole out the majority of smallbusiness loans. Its 2017 U.S.
From a Press Release Dated April 15, 2025, New York, NY Instacart Business has partnered with Balance, a B2B financial infrastructure provider, to launch an embedded invoicing and pay-by-invoice solution directly within the Instacart platform.
But when it comes to establishing operations abroad and managing money throughout the globe — whether it be reconciling finances across multinational business units or paying suppliers in foreign currencies — the challenges are vast. ” Easing Payments Friction. ” Exploring Alternatives. ”
Payments company Azimo , which has typically focused on consumer money transfers, is now stepping into the businesspayments space. and European businesses, reports in IBS Intelligence said. Azimo Business, which launches today (Friday, Oct. The solution will first roll out for U.K.
While the same cannot necessarily be said about business customers, the findings do highlight the progress technology conglomerates have made in the financial services space: Traditional banks are no longer the only option for customers. This combination will be the driving force for getting businesses to adapt.”
Among the numerous ways smallbusinesses have been affected by the global pandemic, the sudden race to launch online operations has been among the most profound — and may ultimately be among the most long-lasting changes to the SMB community. “It does seem absolutely logical, up until the point that you start calculating costs.”
“If you speak to business owners or C-level executives from small or large businesses, they will all tell you that they are facing the same challenges when it comes to buying and paying,” he said. Many of those pain points are, by now, well-known in the B2Bpayments space. Spend Friction, From Employee Spend To AP.
Big Data and software as a service (SaaS) once again caught the attention of venture capitalists in the B2B FinTech space this week, but it was cross-border B2Bpayments that landed the most money. Cross-Border Payments. StatX is banking on smallbusiness owners depending on their mobile devices to run their businesses.
American Express has enhanced its Early Pay system with digital payment features aimed at giving large businesses greater control over their ability to make and receive B2Bpayments, the company announced Monday (Nov.
Visa’s latest fuel to the B2Bpayments innovation fire came in the form of its inaugural SmallBusiness Hackathon earlier this year. Its winner was Hermyz , a company set on using technology to guide smallbusinesses away from paper checks and toward digitization.
With “formal notice” provided to its clients that demand lengthier payment cycles, supply chain finance company Greensill said it has provided a last warning to firms that use its offerings to extend smallbusinesspayment terms further than 30 days.
Businesspayments firm FLEETCOR Technologies has acquired accounts payable (AP) platform provider Roger , Fleetcor announced in a press release. The release stated, in part: “The acquisition provides FLEETCOR with a proven, modern automation platform for B2B online bill payment. FLEETCOR is based in Atlanta.
One area of global payments that’s garnered attention in just the last few weeks is B2Bpayments. Amazon Business , for instance, announced its launch in India to support global procurement needs for smallbusinesses. Overall, the global payments market could hit $2.2
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