B2B Payments

Stripe Adds Grovara's B2B Export Platform To Partner Program

Stripe Adds Grovara's B2B Export Platform To Partner Program

Grovara, a technology company that operates a B2B platform to streamline global trade for U.S. wellness brands, has announced it is joining Stripe's partnership program.

In a press release on Tuesday (Aug. 13), Grovara said it is now a verified partner in the Stripe Partner Program, enabling the firm to connect with Stripe's existing users and partnership base.

In a statement, Grovara Co-founder and CEO Peter Groverman said, "Our mutual customers benefit from the combination of Grovara's end-to-end exporting solution with Stripe's seamless payments platform. We're excited to support the program's long-term mission of bringing more commerce online and growing the GDP of the internet."

In another statement, Stripe COO Claire Hughes Johnson said Stripe is working to address its partners' need for "an easier way to discover new partners and new applications."

Grovara's B2B platform provides automated solutions for cross-border exporters, connecting businesses with overseas retail buyers and data technologies to streamline operations.

In May, Stripe announced another new partner, Midigator, with their collaboration focused on streamlining the chargeback process for businesses, including transaction management and chargeback response. The payments technology company has also recently turned its focus to the friction associated with strong customer authentication (SCA), a PSD2-related regulation in Europe designed to strengthen identity verification of two transacting parties.

In the B2B space, Stripe is collaborating with Coupa Pay, PayPal, Citi and TransferMate in an initiative to support payment enhancements for the Coupa platform. Stripe's role includes enhancing efficiencies in virtual card payment processing within the Coupa Pay platform for B2B vendors that accept v-cards. In a statement at the time, Coupa Senior Vice President of Business Acceleration Ravi Thakur said their collaboration "will reduce suppliers' labor-intensive reconciliation of virtual card payments, increase their operating efficiencies and help them get paid faster."

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