Today in B2B payments, Tellennium discusses the pressure of IoT on accounts payable, and Dwolla loops into real-time payments. Plus, Sterling collaborates with Rho on business banking, Cora lands funding for its SMB lending technology, and Intuit bolsters tax professionals’ productivity.
Sterling National Bank will be debuting a banking-as-a-service feature with Rho Technologies, which is a digital platform providing companies with a suite of commercial banking and finance solutions, a press release said on Monday (April 5). Sterling, which is a subsidiary of Sterling Bancorp, will help Rho by providing a holistic package of wholesale banking solutions to bolster its expansion and growth in customers. The collaboration will be “a multiservice partnership that combines Sterling’s product, operational and regulatory expertise with Rho’s sophisticated technology and product capabilities.”
Cora, the Brazilian technology-enabled lender to small and medium-sized businesses (SMBs), has raised $26.7 million in a Series A funding round, TechCrunch reported on Monday (April 5). Ribbit Capital, a Silicon Valley venture capital firm, led the round, along with Kaszek Ventures, QED Investors and Greenoaks Capital, bringing the total funding for Cora to $36.7 million since the company was founded in 2019.
Professional tax product maker Intuit has forged a partnership with Practice Ignition to help tax professionals improve productivity, the two companies announced Monday (April 5). Practice Ignition (PI) is an automated proposal and payment management software designed to eliminate administrative work. It will work with Intuit ProConnect to provide “a better end-to-end workflow for tax professionals,” the companies said in a news release.