Digitization is increasingly revolutionizing the B2B landscape with streamlined procurement processes, and even better payments workflows. Don’t believe it? Look no further than the U.S. government, the world’s single largest buyer, which is expanding its $6 billion eCommerce initiative to include more online marketplaces — opening up...
Spend management platform Ramp says it is now a $7.6 billion company. The firm on Thursday (April 18) announced it had reached that valuation as it wound down a $150 million Series D-2 funding round. “This new funding will allow us to triple down on the next wave of innovation...
Digital payments platform WorldFirst has debuted a solution to help small businesses speed cross-border payments. WorldTrade, announced Thursday (April 18), is aimed at small and medium-sized enterprises (SMEs) that procure products from suppliers based in China. “The launch of WorldTrade aims to build trust in B2B trade through digital...
Full-stack payment processor Finix has launched a solution that allows businesses to onboard merchants for payment acceptance in a streamlined way. The new Merchant Underwriting solution also ensures that the businesses remain current with evolving regulations from governments, card networks and sponsor banks, the company said in a...
Traditional B2B payments, with end-to-end processes frequently characterized by delays and complexities, remain stubbornly intractable. But with the Federal Reserve Bank of Atlanta highlighting on Monday (April 15) that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service on...
Emagia has launched an artificial intelligence (AI) platform designed to streamline business-to-business (B2B) payments orchestration for global enterprises. GiaPay is available as a stand-alone solution or integrated with Emagia’s accounts receivable (AR) modules, the company said in a Tuesday (April 16) press release. “Global enterprises are seeking...
Lendica and EBizCharge have partnered to launch an embedded business credit solution for small and medium-sized businesses (SMBs) in the United States. This collaboration brings together Lendica’s embedded artificial intelligence (AI) lending capabilities and EBizChange’s platform for payment solutions, the companies said in a Tuesday...
Paying and getting paid are crucial to businesses’ livelihood, no matter their size. There isn’t a once-size-fits-all approach to invoicing and reconciliations, and the market remains fragmented — caught between traditional workflows and innovative solutions. “Paper invoicing certainly remains a major method,” Kevin Baker, head of...
There is a growing disconnect between consumer-focused payment advances and commercial ones. And while it’s not new news that business-to-business (B2B) payments often lack the intuitive, user-friendly interfaces that have come to be viewed as table stakes in today’s digital age — with the revelation...
