Commercial payments technology firm WEX landed a $400 million investment this week, but when it comes to venture capital, investors set their sights on B2B eCommerce, small business funding, payroll and more. With a combined $43.3 million in VC funding for the sector, B2B FinTechs...
New Chinese lender Ping An OneConnect, along with HSBC, are both working to help ease small- to medium-sized businesses (SMBs) into new virtual, more efficient bank accounts, a report from Yahoo Finance says. Get the Full Story Complete the form to unlock this article and...
Chinese policymakers have been trying to multi-task between fighting pandemic-related economic damage and fueling a new debt bubble from recent spending, according to Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
U.K.-based specialty bank Oxbury will use ClearBank’s cloud banking platform to help farms and food producers access U.K. payment schemes and B2B advantages, a press release from ClearBank says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. This week’s commercial card innovation roundup includes initiatives in areas like employee expense and small business credit, but some of the...
Corporates of all sizes and verticals are taking an introspective look at internal operations to pinpoint areas of opportunity for working capital optimization. Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy...
A new digital, contactless feature for India-based software developer Marg ERP will hopefully help users maintain social distancing when working with retailers and other people dealing in day-to-day transactions, a press release says. Get the Full Story Complete the form to unlock this article and...
The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance, according to Sky News. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
