News

B2B Payments
Procure-to-Pay Startup PayMate Eyes Funding to Shore Up Reserves
September 19, 2021

Indian procure-to-pay startup PayMate is seeking to raise $4 million, including a lead investment of $2 million from U.S.-based Felicitas Equity Fund, as well as additional funds from Astor Management and CXI Valley I, Inc42 reported. Get the Full Story Complete the form to unlock...

B2B Payments
China’s X-Border, Risk Service Provider XTransfer Nets $138M for Product Upgrades
September 19, 2021

XTransfer, a Chinese cross-border financial and risk management service provider, has come away from a Series D funding round with $138 million, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

IPO
AP Automation Software Maker AvidXchange Plans Nasdaq IPO
September 19, 2021

AvidXchange, which describes its business as “transforming how [middle-market businesses] receive, manage and pay their bills,” filed Friday (Sept. 17) to go public on the Nasdaq, according to a filing with the Securities and Exchange Commission (SEC). Get the Full Story Complete the form to...

B2B Payments
B2B Food Marketplace SupplyMe Opens eCommerce Site in UAE
September 19, 2021

Online B2B marketplace SupplyMe, which connects local food suppliers with food service businesses, is rolling out in the United Arab Emirates, Tradearabia.com reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bitcoin
Bitcoin Daily: Russia Central Bank to Delay Digital Asset Exchange Payments; Christie’s to Auction NFTs
September 19, 2021

In other news, the Bank of Russia will be working with commercial banks to delay payments to digital asset exchanges, intending to limit “emotional” crypto purchases by unqualified investors, Bitcoin.com reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
As Sears Cuts Its Illinois Roots, A New Generation of Super-Retailers Watches — And Waits 
September 18, 2021

Kenmore. DieHard. Craftsman. Discover Card. Allstate Insurance. This collection of iconic, if somewhat disparate, brands all share a common ancestor.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Retail
Easing Supply Chain Woes With Strong Vendor Relationships
September 17, 2021

For direct-to-consumer (D2C) food businesses, any point of friction that inhibits the shopping journey could mean the difference between making and losing the sale. Consequently, consumer-facing eCommerce has evolved leaps and bounds in recent months, with the purchasing process often as easy as just clicking...

Partnerships / Acquisitions
Nextdoor Aims to List on NYSE After Merging with SPAC
September 17, 2021

Nextdoor, Inc. and special purpose acquisition company (SPAC) Khosla Ventures Acquisition Co. II on Friday (Sept. 17) announced plans to list Nextdoor Holdings Inc.’s Class A common stock on the New York Stock Exchange when their proposed business combination transaction is finalized. Get the Full...

B2B Payments
B2B Payments Today: Duplicate Invoices Cause AP Pain; Citizens Debuts Corporate Payments Platform
September 17, 2021

Today in B2B payments, the 33-day wait for cross-border payments and why AP professionals dread duplicate invoices. Plus, Conexiom Platform automates supply chain and AP duties, how AR automation speeds payment processing and Citizens Bank rolls out corporate payments offering. Get the Full Story Complete...