News

B2B Payments
Today in B2B Payments: Tartan Payroll Management Platform Notches $4.5M; Digital Payments Streamline Truckers’ Deliveries
August 01, 2022

Today in B2B payments, Unilever sees a rise in B2B eCommerce, and a PYMNTS and Corcentric report shows speedy digitization in the finance and healthcare verticals. Plus, Razer Merchant Services teams with Atome for increased BNPL acceptance, Think Big Solutions adds digital factoring platform and...

Investments
Digital Bank Grasshopper Secures $30.4M to Drive Growth
August 01, 2022

Digital commercial bank Grasshopper Bank has raised $30.4 million to support its growth across the business and innovation economies and meet clients’ expectations by providing the latest technology and digital banking solutions. The funding round came from existing backers Patriot Financial Partners, Endeavour Capital Advisors,...

B2B Payments
Early Adoption of Digitalization Brings Benefits to Finance, Healthcare Sectors Today
August 01, 2022

Although many already had a robust system in place beforehand, nearly half of the companies in the finance, insurance and healthcare have accelerated the digitization of payment processes and systems during the pandemic. In fact, 48% of the companies in each of those industries fast-tracked...

Digital Banking
Tandem Bank Joins Raisin UK Savings Marketplace
August 01, 2022

Digital bank Tandem announced in a statement Monday (Aug. 1) that it has joined the Raisin UK online savings marketplace, providing U.K. customers with access to its range of fixed-term savings products. Tandem’s current suite of savings products extends across fixed rate and instant access,...

Investments
Tartan Raises $4.5M to Scale Payroll Management Platform
August 01, 2022

India-based payroll and workforce management startup Tartan has closed a $4.5 million funding round that it plans to use to scale its go-to-market operations, expand its in-house engineering team, double its headcount to 110 and enhance its product offerings, The Economic Times reported Monday (Aug....

Retail
Valvoline Aims to Be Pure-Play Retailer as Consumer Demand for Auto Service Rises
August 01, 2022

Valvoline, the second largest operator of oil change and auto service locations in the U.S., said Monday (Aug 1) that it sold its global lubricants business in order to become a pure-play retailer focused on faster growth and expansion opportunities at a time when consumers...

Retail
Amazon Escalates Retail Hiring Battle, Expands Free College Tuition Offer to 750K Workers
August 01, 2022

With the hiring market more competitive than ever, Amazon is expanding its free college tuition offering to more than 750,000 operations employees across the U.S., covering the cost of classes, books and related fees, according to a company press release Friday (July 29). In total,...

B2B Payments
RoadSync CEO Says Digital Payments Keep Truckers on the Move
August 01, 2022

For truckers, every load is a business trip. Rather than buying airfare or Uber or Lyft rides, though, they are paying for heavy truck repairs, towing, parking, truck washes and unloading fees at warehouse facilities. “All of those things traditionally have been very paper-based and...

B2B Payments
Platforms Fill Payments, Supplier Finance Gaps for Small Businesses
August 01, 2022

The goal of any business is to grow.    Within the B2B realm, all suppliers want to serve as many buyers as they can as an increasing amount of commerce moves online. At the same time, these suppliers want assurance they can be paid in a...