Finance automation platform Mesh Payments has raised $60 million in new funding and will use it to expand its go-to-market (GTM) efforts and continue its product innovation. The new backing comes after the company tripled its revenue growth in the first half of the year,...
On top of being a cumbersome payment vehicle, the paper check continues to pose a major risk to corporate coffers. Fraud is on the rise from both within and outside of the organization, and bad actors continue to take advantage of the paper check’s lack...
Today in B2B payments, five companies add various sorts of resources that will help them expand. Chargezoom raises $10 million, Nectar gets $25 million in credit and Eezee raises $7.5 million to grow its team and develop products. Plus, Aquila acquires Cibar, while TriNet buys...
Venture capital, private equity, seed and angel funding have been in the doldrums this summer, but there has been activity in the B2B payments space. According to Crunchbase, 10% of the top 100 most recent transactions were in the B2B FinTech space. PYMNTS has identified...
There have been several years’ worth of evolutions and revolutions in spend management. As recounted by John Young, CPA at Airbase, as recently as 10 years ago, keeping track of business spending and reconciling was, in his words, “unbelievably manual.” Those processes were traditionally dictated...
Although payments systems have been around for centuries, building a reliable, modern and scalable system is rife with challenges, Shruthi Murthy, head of engineering at Modern Treasury, told PYMNTS in an interview. No matter the location, no matter the payments modality — digital or offline...
Digital lending SaaS platform Biz2X has teamed with B2B eCommerce platform TradeIndia, to provide financing solutions for micro-, small- and medium-sized enterprises (MSMEs), a press release said Monday (Sept. 5). This will be done through Biz2X’s financial product Maadhyam. Through the arrangement, TradeIndia will provide...
Cross-border auto trading platform TRADE X has announced that it will be rolling out in the Dominican Republic. Dealers and fleet owners there will now be able to import used vehicles from other countries, which the company said in a Monday (Sept. 5) press release...
Efforts to modernize and speed up the B2B cross-border payment experience have lagged similar efforts to improve the online payment experience for consumers, resulting in processes that are often complicated and filled with friction. For small and midsize businesses (SMBs), they’re often prohibitively so. In...
