B2B Payments

B2B Payments
Procure-to-Pay Startup PayMate Eyes Funding to Shore Up Reserves
September 19, 2021

Indian procure-to-pay startup PayMate is seeking to raise $4 million, including a lead investment of $2 million from U.S.-based Felicitas Equity Fund, as well as additional funds from Astor Management and CXI Valley I, Inc42 reported. Get the Full Story Complete the form to unlock...

B2B Payments
China’s X-Border, Risk Service Provider XTransfer Nets $138M for Product Upgrades
September 19, 2021

XTransfer, a Chinese cross-border financial and risk management service provider, has come away from a Series D funding round with $138 million, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
B2B Food Marketplace SupplyMe Opens eCommerce Site in UAE
September 19, 2021

Online B2B marketplace SupplyMe, which connects local food suppliers with food service businesses, is rolling out in the United Arab Emirates, Tradearabia.com reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

B2B Payments
B2B Payments Today: Duplicate Invoices Cause AP Pain; Citizens Debuts Corporate Payments Platform
September 17, 2021

Today in B2B payments, the 33-day wait for cross-border payments and why AP professionals dread duplicate invoices. Plus, Conexiom Platform automates supply chain and AP duties, how AR automation speeds payment processing and Citizens Bank rolls out corporate payments offering. Get the Full Story Complete...

B2B Payments
87% of Firms Say AR Automation Speeds Processing, PYMNTS Data Show
September 17, 2021

Although much progress has been made, the fact remains that many businesses still rely on manual accounts receivable (AR) processes. But new data that reflect a growing list of benefits companies say they experience from automating AR show far-reaching positive impacts on firms’ collections processes. Get the Full Story Complete the...

B2B Payments
Average US Firm Waits 33 Days to Receive Cross-Border Payments, Data Show 
September 16, 2021

While one-touch digital payments and other rapid solutions have become table stakes on the consumer side of commerce, businesses continue to be weighed down by outdated manual, paper-laden payment processes. It’s a pinch-point scenario that is especially true in international trade circles, where check use...

B2B Payments
B2B Payments Today: Chewy Launches eCommerce Platform for Vets; Partnership Helps Contractors Afford Construction Materials
September 16, 2021

Today in B2B payments, Airbase gives businesses real-time information on spending habits, Sonoco and Coupa team on payments and Tazapay debuts a global B2B Escrow-as-a-Service offering. Plus, Biild and Procore team up to help construction contractors afford their materials, and Chewy debuts a vets-only eCommerce...

B2B Payments
Citizens Bank Launches Corporate Payment Solution
September 16, 2021

Citizens Bank has launched an integrated payments solution designed to make payments processing faster, simpler and safer for its corporate clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

B2B Payments
25% of AP Professionals Cite Duplicate Invoices as Major Pain Point, Waste of Time
September 16, 2021

Ask any accounts payable (AP) team about the shortcomings of their legacy invoice processing methods and you’re apt to hear some variation of the theme that they’re not always well-suited for coping with the modern expectations of pace and volume. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...