Today in B2B payments, WEX discusses the latest B2B payments buzz, and B2B FinTechs end 2021’s first quarter with a venture capital boom. Plus, Snapdeal accelerates payouts for small firms, Enterpryze launches in Ireland and Inxeption explores how B2B sellers can take the lead in B2B commerce digitization.
Snapdeal, the India-based online shopping site, has rolled out an offering that will let small and medium-sized businesses (SMBs) quickly obtain payment soon after an order is delivered, Business Standard reported Thursday (March 25). A representative for the company said, per the Business Standard report, that all of its merchants are SMBs and that “fast and predictable access to funds acts as a force multiplier for them.”
Enterpryze launched in Ireland as of March 22, announcing its intent to help small businesses connect with banks, a company blog post said on Tuesday (March 22). The blog claimed the company is “disrupting” banking via accessible new software, which it said will improve upon some other software that lacks the ability to secure host data in one location. That’s a quality that becomes more important once startups begin to rapidly grow.
The rise of B2B eCommerce is often discussed in the context of corporate buyers demanding a consumer-like experience. But Peter Stern, executive vice president at Inxeption, says when sellers take the lead, the opportunity for growth can skyrocket.