For hundreds of years, a traditional karate association in Japan had been delivering its lessons in person, Plastiq Chief Product and Technology Officer Stoyan Kenderov explained. But then COVID-19 hit, and it had to retool overnight and deliver its services online. Today, he said, this...
As Ocrolus CEO and Co-founder Sam Bobley put it, there’s never been a data capture technology that could analyze financial documents of any format or quality with perfect accuracy. Add in low-quality images and thousands of different document formats and the problem gets even worse....
Today in B2B payments: Rabbet and AvidXchange are making real estate invoice management easier, and Bank of America improves its Intelligent Receivables platform. Plus, MarketFinance raised $382 million in debt and equity in a funding round, Emirates Development Bank unveils an SMB banking app, and...
Mid-sized companies are more likely than enterprises of other sizes to say they want digital technology to transform the way they operate, but they’re also more likely to say they don’t have the resources to do it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
MarketFinance, the FinTech business lender, has announced a debt and equity fundraising round for £280 million, a press release says, which it will be using to lend to companies in need because of the pandemic’s effects. Get the Full Story Complete the form to unlock...
It is becoming clear that B2B’s digital makeover will take a cue from B2C, such as the Amazons of the world, as paper checks give way to payments made with the click of a mouse. Buyers increasingly will find sellers not through paper catalogs, but through online platforms — and tech-savvy millennials will lead the...
HCL Technologies, a technology company, is partnering with Lendico to deliver application and engineering tools to make a new digital platform to boost business banking, according to a press release. The goal is to help small to mid-size businesses (SMBs) access faster, more convenient banking...
Today in B2B payments, Freshworks’ initial public offering value could be close to $10 billion and open finance platform mmob adds iwoca. Plus, asset manager White Oak acquires trade finance firm Finacity, FloBiz grabs $31 million for growth and Check and Procare improve child care...
Accounts payable (AP) automation is but part of the equation in the drive to modernize B2B. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
