TreviPay is acquiring Apruve to expand its reach into new industry verticals and geographic markets. The provider of B2B payments and invoicing solutions has signed a definitive agreement to acquire Apruve, a payment platform, the companies said in a Thursday (Dec. 8) press release. The...
AvidXchange Holdings has expanded its international payment capabilities through a partnership with Wise Platform. With the partnership, the provider of accounts payable (AP) automation software and payment solutions for middle-market businesses and their suppliers will gain support for international payment capabilities through its new Cross-Border...
A federal grand jury has charged two operators of payment processing companies with bank fraud. The grand jury in Chicago charged the two Illinois men — Michael D’Ambrose, 62, of Chicago, and Scott Apgar, 43, of Roscoe — with 16 counts of bank fraud, the...
In the past week, venture capital (VC) investors have been focused on European software developers. London-based VC firm One Peak announced on Tuesday (Dec. 6) that it had closed its third fund dedicated to growth-stage business-to-business (B2B) software companies in Europe and Israel. With a...
This week in grocery, consumers seek discount food options, and Instacart ships Christmas trees. Canadian discount retailer Dollarama, which has more than 1,400 locations across the country, has benefited from consumers’ search for less expensive groceries amid rising prices and ongoing economic challenges. “We continue to...
An industry working group will encourage adoption of request for payment (RFP) functionality. Formed by the Federal Reserve ahead of the launch of the FedNow Service, which is to happen in mid-2023, the Request for Payment (RFP) Work Group: Customer Experience will establish voluntary principles...
Instacart is driving sales with consumers rushing to use flex spending funds before they expire. The grocery aggregator announced Wednesday (Dec. 7) the launch of a pop-up online shop for items eligible with Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs), featuring items ranging from COVID-19...
Tapline has secured €31.7 million in equity and debt in a pre-seed funding round. Out of the total, debt funding of €30 million ($33.5 million) was provided by Fasanara Capital. The remaining €1.7 million ($1.8 million) equity round was led by the V-Sharp Venture Studio...
Veem and Finastra have partnered to help banks offer innovative payment services. The partnership creates a native integration that allows Veem’s accounts payable (AP) and accounts receivable (AR) services for small and medium-sized businesses (SMBs) to be accessed directly through Finastra’s Fusion Digital Banking Platform,...
