The construction industry has one of the longest days sales outstanding (DSO) — an average of 83 — so it seems a product that would let these professionals pay for the supplies they need without having to foot the entire cost upfront would be a...
As demand for alternative payment options explodes, businesses of all types are increasingly turning to digital solutions to prioritize and accelerate their migration from checks to automated electronic payments. One industry that’s proving especially keen to embrace automation is digital advertising, due to a shared...
March 2020 triggered a massive slowdown in B2B payment flows from which many businesses have yet to recover. Even today — more than 18 months later —firms are waiting longer to receive payments than they did in 2019. Among the key frictions that tie up...
Today in B2B payments, FinTech SMBX offers bonds rather than bank loans to small- to medium-sized businesses (SMBs). Plus, Veem announces their Partner Connect program for global AP/AR-as-a-Service, and one-third of small businesses are planning to automate their accounts receivable by 2025. Veem Debuts Partner...
Owners of small- to medium-sized businesses (SMBs) looking to raise some money now have the opportunity to issue bonds to their everyday customers and cash in on their “beloveability factor.” The idea is that budding entrepreneurs can quickly source the funding they need to grow...
Today in B2B payments, Nimbla helps small- and medium-sized businesses (SMBs) in the U.K. deal with COVID-19 debt and CredAble launches a SMB credit and cash flow management app. Plus, Arya.ag rolls out a buy now, pay later (BNPL) platform for commodity-focused buyers and ShipBob...
B2B customers increasingly expect to be able to use the same payment methods they prefer in the B2C realm, and some suppliers are struggling to accommodate that. Small- to medium-sized businesses (SMBs) in particular are having difficulties. As they search for solutions, many are finding...
Business payment service provider Veem on Thursday (Nov. 11) rolled out the Veem Partner Connect program to give partners flexible integration options of its payment offerings. Providers in the Veem Partner Connect payments ecosystem can use Veem’s platform to give their small- to medium-sized business...
Artificial intelligence (AI)-fueled capital financing platform CredAble on Thursday (Nov. 11) introduced UpScale for micro-sized, small and medium-sized businesses across India, according to a Mint report. CredAble handed out about 3,500 crore in loans to more than 100,000 small businesses last month, per the report....
