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Two , aEuropean B2B payments technology provider, is joining forces with ABN AMRO , a financial institution based in the Netherlands, to launch a new ‘Pay on Invoice’ solution, bringing flexible payment options to B2B e-commerce transactions.
This week's B2B Venture Capital roundup saw more than $76 million in new funding. And while investors targeted an accounts payable payments startup as well as another platform designed to help other startups understand their equity, a common theme this week was investment in riskmitigation capabilities.
The global pandemic has, no doubt, changed the B2B payments landscape forever. In Australia, Adrian Floate , managing director of Cirralto , says the COVID-19 crisis has fast-tracked B2B payments modernization. "If The Commercial Card Catalyst. While in the U.S., Optimizing The Logistics-Payments Link.
The complexities and demands of B2B eCommerce can be significantly greater than those of the consumer digital shopping realm. While that characteristic can be an argument for why it is imperative that B2B commerce goes digital, it’s also one of the biggest reasons why the industry is struggling to make progress.
Whereas bank-FinTech collaborations often take the form of a FinTech integrating a digital-first solution within a bank offering, DBS and Infor’s partnership highlights the opportunity FinTechs can gain by adding bank technology and resources into their own products, too. ” HashCash Enhances RiskMitigation.
Whether through virtual payment technologies or faster payment initiatives, the B2B payments ecosystem has explored ways to accelerate the time it takes a buyer to pay its supplier. Others say late B2B payments are a reality, and instead, suppliers should access external financing to manage cash flow while they wait to get paid.
Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development. Targeting FIs, Nucleus Software has rolled out its latest technology with a focus on supply chain riskmitigation. Railsbank Lands Funding For BaaS.
The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company said it plans to use the investment to further build out its lending operations.
New local product vendors can be a dream for local stores, and small suppliers can find it relatively easy to launch an online marketplace for a niche customer base. Those corporate buyers have begun to source their vendors and products online, and it’s shifted the way that suppliers have to market themselves to land business.
But lenders themselves, even industry incumbents, are also quickly recognizing the potential that unlocking data has not only on improving the SMB borrowing experience, but on significantly improving their own internal operations, particularly when it comes to riskmitigation.
It was a fairly quiet week for B2B startups on the venture capital front: Just three companies landed funding, all of which in the U.S., And investment plans are looking up, with two venture capital funds announcing their own latest raises headed toward the B2B FinTech space in the future. totaling $26 million. Cybersecurity.
Alternative finance apparently won’t stop catching the attention of investors — at least, not any time soon, if this week’s B2B venture capital roundup is any sign. The industry landed $90 million in funding, accounting for four out of the 10 funding rounds announced by B2B startups. FundThough. CrowdStrike.
Whether you are a B2B founder building a global marketplace, a CFO steering a SaaS scale-up, or a finance team tasked with managing complex payments, finding the best fintech tools is critical. Embedded finance has exploded in recent years, allowing non-bank companies to offer banking products like accounts, cards, and payments.
“We see substantial opportunity to introduce global products like trended and alternative credit data, fraud mitigation solutions, and consumer engagement tools. Ebury announced its acquisition of Lithuanian B2B cross-border payments solutions provider ArcaPay. Founded in 1968, TransUnion is headquartered in Chicago.
Riskmitigation isn’t a new concept, Simkins noted, but today’s organizations are often unfamiliar with the correct strategies they need to deploy when mitigating third-party cyber risk. Hospital network Atrium Health revealed that the data of up to 2.65
However recent analysis from Iron Pillar , as reported recently in the Times of India, suggests that such a slowdown may not be detrimental to the B2B FinTech startup arena. Finland’s Enfuce announced more than $11 million in new funding for its B2B financial services offerings, with Maki.vc Also in the U.K., leading the investment.
As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. B2B payments market. Going Further With Open Banking. “In addition to card and ACH/wire requirements, the U.S.
The roundup of this week’s venture capital investments in B2B startups offers some insight into the geographical differences in how this space is developing. Capitalflow enables SMEs in Ireland to access an array of financing options, including invoice finance, asset-based lending and other products, reports said on Tuesday.
and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result. Foreign exchange risk alone increased 8 percent for this market in Q3, and by 13 percent since the start of the year, the report found.
The takeover of Switzerland-based STEPcom will enhance Canada-based Descartes’ current offering by adding STEPcom’s B2B supply chain integration solutions to its product suite. Logistics technology provider Descartes is growing its services through the takeover of STEPcom in a $19.6
B2B FinTech is undoubtedly a hot spot for venture capitalists (VCs) this year. However, this summer, a different kind of B2B startup has captured investors’ attention. The funding will be used to focus on its data synchronization technology and expand its offering of infrastructure products, the company said.
. “The acquisition of Reval substantially increases our footprint in treasury cloud services and enriches our product portfolio with leading functionality in risk and hedge accounting,” said ION CEO and Founder Andrea Pignataro.
In a press release , Capital One pointed to augmented B2B finance capabilities as a result of the takeover, particularly for small and medium-sized businesses (SMBs). BlueTarp targets SMBs with accounts receivable management, cash flow tools, riskmitigation solutions and trade credit financing offerings.
"You have to know who your suppliers are and what risk they're posing," said Todd Boehler , vice president of product strategy at ProcessUnity. That process of gathering data and having your expert personnel evaluate it to determine that risk is definitely the biggest challenge.". Are they going to make it through this?
When it comes to strengthening the B2B payment proposition, oftentimes, tackling friction for only one side of a transaction is no longer sufficient. As the value of cross-border B2B trade increases, buyers and suppliers alike will need insight into the status of their payment for accounting, reconciliation and riskmitigation efforts.
Supplier riskmitigation is key for any B2B trade deal, especially as these transactions grow across borders into uncharted territory with unfamiliar business partners. Online B2B eCommerce site DHgate.com is looking to ease anxieties of international trade by launching a trust and safety department.
Alternative small business lender Ultimate Finance is adding a new product to its offering built on Big Data and riskmitigation technologies. According to Persse, Big Data and sophisticated riskmitigation software have made it easier for financiers to address this gap. “In 9), Ultimate Finance, based in the U.K.,
. “If you go a little deeper, into suppliers’ suppliers (Tier 2 and [Tier] 3 suppliers), then the risk increases.” ” Take the compliance risk, for example. That struggle to share information is among the largest barriers to supply chain riskmitigation, noted Vakil. ” Data Evolution.
So it’s not exactly surprising that supply chain riskmitigation efforts can fall by the wayside. “The pandemic and the economic impact of it are a double-whammy for SMEs when it comes to risk via the supply chain,” explained Jake Holloway , chief product officer at Crossword Cybersecurity. ”
. “Evaluating enterprise-level event spend is incredibly complex, and data analytics is the key to unlocking improved performance,” said the firm’s CEO, founder and product architect, Talia Mashiach. “Our Data Insights reports source line-item detail directly from invoices.
Strategic Treasurer and Bottomline Technologies recently published a joint report on the B2B payments landscape: B2B payments + WCM Strategies. Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, riskmitigation and accounting.
Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis.
With more than $370 million raised by B2B startups this week, investors are showing their support for companies that help other businesses embrace digitization. In addition to the new funding, Deskera announced the debut of its B2B eCommerce platform Desk, allowing small businesses to buy and sell online. Modo Payments.
HDFC ERGO, India’s third-largest non-life insurance company and a joint venture between bank HDFC and insurance conglomerate ERGO, has introduced a new insurance product for B2B suppliers. According to the firm, trade credit insurance is particularly important in a globalized B2B trading environment. “No
In times of volatility, corporates and their business partners must collaborate to find common ground and ensure that cash continues to flow favorably for both sides of a B2B transaction. For these businesses’ FinTech and financial services partners, there’s opportunity, too, to facilitate this cash flow.
Understanding exposure to risk is essential for companies today, and Dun & Bradstreet (D&B) research suggests awareness is strong, with U.S. That’s the idea behind Dun & Bradstreet’s D&B Compass solution, launched this week to automate third-party risk management for procurement and compliance professionals.
. “You never know what you don’t know,” as Paul Blake, senior manager of technology product marketing at procurement software firm GEP , put it. But sophisticated data management does offer some predictability to vendor riskmitigation and supply chain management.
Prophix is another company that recently rolled out its own addition to the B2B virtual assistant space, having launched its Virtual Financial Analyst for middle-market finance departments. But Ajmera said B2C and B2B data privacy challenges cannot necessarily be compared. “In in particular.
trillion by 2020 in terms of B2B transactions. The test environment allows participants to build new products — like mobile apps or Amazon Echo-specific solutions — to get a sense for how they will perform in a non-simulated environment. Taking Cautious Risks . Last August, both U.S. In 2015, U.S.
A differentiated approach to SMB data collection yields enhanced riskmitigation and underwriting capabilities that can expand capital to SMBs that would otherwise be unable to access funding from a traditional bank. Improving The SMB Lending Experience.
and Singapore, and focus on product development. It can provide greater security and riskmitigation capabilities to a company, while others point to supplier management’s ability to lead to faster B2B payments. It may also help the accounts payable process operate more efficiently.
B2B FinTech enjoyed more time in the spotlight with investors this week as companies around the globe — ranging from eProcurement to small- and medium-sized business (SMB) accounting to supply chain management startups — secured fresh funding to support growth. B2B payments. Alternative Lending. SMB Accounting. ScaleFactor.
Corporate treasurers are exploring AI for their own cash management and forecasting needs, while AI is also being explored among both traditional and alternative finance players for riskmitigation and underwriting purposes. Turning Interest Into Adoption.
With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. NACHA found B2B payments made up 6 percent of the nearly 2 million same-day ACH transactions that occurred in the first 11 days the service went live. In the U.S.,
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