Today in B2B Payments: Pod Foods Debuts Emerging Brand-Focused Finance Tool; Dairy Industry Data Speeds Movement of Perishable Items

Today in B2B payments, Clair and Criterion partner to offer on-demand pay, while TurnKey Lender names a new board chairman and raises $10 million. Plus, Zuora and BNP Paribas partner on usage-based equipment services.

Digital Banking Platform Clair, Criterion Team to Offer On-Demand Pay

Clair, a digital banking platform, has partnered with human capital management (HCM) software company Criterion to offer free on-demand pay to Criterion’s employees and clients.

Later this year, Criterion will launch the partnership by rolling out Clair On-Demand Pay to all its users. The companies said the partnership will allow Criterion clients to offer employees more flexibility in accessing their earnings, with neither the business nor the worker incurring costs.

Pod Foods Launches Financing Tool for Emerging Brands

Logistics-equipped wholesale B2B grocery marketplace Pod Foods has debuted Pod Foods Capital, a financing tool for emerging brands that need help gaining access to capital.

Pod Foods Capital’s launch includes a line of credit and term loans, and financing offers are personalized based on data from the Pod Foods platform. Users can view their eligibility and the terms of that financing on their dashboards and then accept the funds, which will be deposited in their bank account within a few days.

TurnKey Lender Raises $10M, Names Board Chair

B2B Software-as-a-Service (SaaS) company TurnKey Lender announced Thursday (July 14) it has raised $10 million in new funding and appointed Christian Morales as its new board chairman.

The company said it will use the funds to “take advantage of new opportunities in embedded lending adoption macro trends across North America, Europe and Southeast Asia, following a sustainable growth trajectory.” TurnKey’s clients include traditional, alternative and embedded lenders such as FinTechs, telecoms, retailers, medical and B2B lenders.

Dairy Industry Uses Data to Speed Delivery of Perishable Products

Like many other industries, the dairy industry is facing global supply chain problems while trying to produce and move a perishable product.

Despite the short window of time that industry players have to get milk from a farm to a plant, many are still using pen-and-paper and legacy systems. Milk Moovement was founded in 2018 to offer the industry an alternative, and today, the company’s dairy farmers and distribution partners track and route shipments in real time.

The company also recently raised $20 million in a Series A round to help accelerate product development and adoption of the technology platform in North America.

Zuora, BNP Paribas Leasing Solutions Team Up to Offer Usage-Based Equipment Services

Zuora, a cloud-based subscription management platform provider, has partnered with BNP Paribas Leasing Solutions to offer new usage solutions for professional equipment.

BNP Paribas Leasing Solutions, part of one of the biggest banks in the world, offers financing for professional equipment. The partnership with Zuora will allow industry partners to offer their customers usage-based equipment, avoiding the need to own and maintain expensive equipment.

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