Today in B2B Payments, CoEnterprise discusses overcoming the challenge of the missing B2B invoice, and Bigbank taps Nets for B2B payments services. Plus, PYMNTS releases its latest Preventing Financial Crimes Playbook, Codat raises funding for small business data sharing and Payhippo lands an investment for its artificial intelligence-driven lending platform.
When It Comes To B2B’s Missing Invoice Payments Problem, Data Works Better Than Trust
Report: FBI Says Online Cookies Hold Keys To Preventing Financial Crimes
Financial Institutions (FIs) often shut down accounts at the first sign of fraud, but this blanket approach can alienate legitimate users and let stealthier cybercriminals slip through the cracks. In the latest Preventing Financial Crimes Playbook, PYMNTS spoke with an FBI spokesperson to examine why FIs should pay attention to users’ online cookies and other unique indicators to protect against financial crime in the digital age.
Bigbank Picks Nets For Digital B2B Payments Services
Codat Raises $40M To Expand SMB Data Sharing Tools
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Codat, a FinTech that specializes in products that help small and medium-sized businesses (SMBs) share financial data, announced a $40 million funding round per a Thursday (July 1) press release. The release stated that the Series B round was led by Tiger Global and also included existing investors Index Ventures and PayPal Ventures.
Payhippo Raises $1M Toward B2B AI Lending
Payhippo, the artificial intelligence (AI)-driven lending platform, has raised $1 million in pre-seed funding, which it plans to use to hire more engineers and keep financing smaller businesses, a Friday (July 2) press release said. The round was led by African tech investors such as Ventures Platform, Future Africa, Launch Africa and Sherpa Ventures with participation from international investors, Hustle Fund and Mercy Corps Ventures.
