As the world has become more digital and commerce has increasingly moved online, the decades-old electronic data interchange (EDI) technology has garnered a sullied reputation, especially with more direct-to-consumer (D2C) brands looking to sell products through enterprise retailers. “It was formed with pre-internet assumptions, and...
Scanco Software, which works in warehouse, manufacturing and supply chain management solutions for Sage, has partnered with digital B2B payments network CoreChain Technologies to streamline the B2B payments process, according to a press release emailed to PYMNTS. The integration of the CoreChain payment networks with...
Within B2B payments – marked by paper checks, PDF invoices and an ongoing scourge of late payments – there’s no lack of imagination in mulling what commercial transactions could be. They could be more efficient – and more transparent and faster, too. Direct links between the...
Higo, a Mexican B2B company, has raised $23 million in a Series A round, CB Insights reported. The company plans to use the capital to boost its workforce. Higo works primarily with small- to medium-sized businesses (SMBs), automating vendor payments, bolstering cash flow visibility and...
InsurTech Koffie Labs, which works in innovating the trucking and transportation markets, has expanded to Georgia and Pennsylvania and has announced two new distribution partners in Cooper Insurance and Associates and Fleet Risk Management/Assured Partners of GA, according to a press release. Koffie began underwriting...
Two major players in the corporate travel data industry are joining forces. Grasp Technologies, which provides data management, consolidation, payment integration and data visualization, has formed a partnership with Traxo, which offers corporate travel data capture and pre-trip auditing. “The partnership provides corporate travel managers...
The London-based FinTech Crezco announced Monday (Oct. 4) it had raised 3 million pounds (or $4 million) in seed funding. According to FinTech and Finance News, the company will use the funding to help fuel its international expansion and to build out its product suite....
Today in B2B payments, Beacon adds $50 million for product development and expansion, and Rabbet‘s CEO discusses how to solve the $100 billion construction industry payments problem. Plus, Emlen will put $4.2 million in new funding toward a B2B buyer experience with Netflix undertones, and...
It’s a harsh fact, but it takes longer for construction and engineering firms to get paid than any other industry in the U.S. The pinch points aren’t simply outdated, PDF-style invoicing processes, but vendor resistance toward modern payments systems that are being widely embraced by...
