Today in B2B Payments: Firms Launch BNPL, Mobile App, Storefront

Today in B2B payments, Ionia and Certegy roll out a new buy now, pay later (BNPL) offering, Wave debuts a new mobile app for small business owners and Jimmy Brings launches a new storefront. Plus, Capital on Tap secures a $110 million credit facility to build a central finance hub for small businesses, while Credit Key Raises $115 million for its B2B BNPL solution.

Ionia, Certegy Debut BNPL Merchant Offering

Embedded payments and rewards platform Ionia and payments and risk management tech firm Certegy have rolled out a new buy now, pay later (BNPL) offering for merchants. Ionia CEO Marshall Greenwald said this Pay Later service will allow any consumer-facing app to “provide its customers a seamless, frictionless interest-free financing experience through the largest merchant network in the U.S.”

Wave Rolls Out Updated Mobile App For SMB Finance Services

Money management solution Wave has debuted a new mobile app to offer services for small business owners. Wave CEO Zahir Kjoja said: “When solo entrepreneurs, freelancers and independent business owners can get access to higher-quality digital bookkeeping, small business banking solutions and get paid faster, it helps them improve the performance of their businesses, and helps their families and communities thrive.”

Australian Alcohol Delivery Firm Jimmy Brings Launches New Storefront

Australian express alcohol delivery service Jimmy Brings has launched a progressive web app (PWA) storefront built on the headless architecture of eCommerce platform BigCommerce. Elliott Krass, head of product at Jimmy Brings, said: “We need certainty that when anyone visits our website or app, they can onboard and purchase with the least friction.”

Capital on Tap Gets $110M Credit Facility to Build Central Finance Hub

Global FinTech Capital on Tap has secured a $110 million corporate revolving credit facility and said it will use the funding to build a central finance hub that will help small businesses in the United States and the United Kingdom manage all aspects of their business finances. The company plans to add a full accounts payable (AP) suite, a credit score builder and several other products and features for small business owners.

Credit Key Raises $115M in Debt, Equity to Grow B2B BNPL

B2B payment solutions startup Credit Key has raised $115 million in debt and equity funding for its point of sale (POS) eCommerce solution that provides businesses with an instant buy now, pay later (BNPL) function at checkout. Credit Key CEO and Founder John Tomich said: “While we’re seeing a slowdown across the tech sector, there is still a huge untapped opportunity in B2B [eCommerce] payments.”

Dump Truck Drivers Get Payments Boost from Digital Shift

In the earth-moving, scrap metal recycling and waste hauling industries, 90% of the information is transmitted on paper. However, a growing slice of industry players who have adopted digital solutions have found that they’re gaining benefits such as improved efficiency, accuracy and even safety, TruckPay CEO Barry Honig told PYMNTS’ Karen Webster in a discussion for the Visa B2B Series: “What CFOs and Treasurers Can Teach Payments about Going Digital.”

Technology Rental Plans Emerge As Affordable Business Option

Businesses are increasingly attracted to the value that tech rental offers, including a more flexible, more sustainable and often cheaper alternative to outright buying expensive products. Grover Vice President of B2B Sam Selldorff told PYMNTS in an interview that businesses are “moving away from an office-centered structure [and focusing] more on digitalization within the organization, and both of those things mean that you need new tech and new ways of working.”

The Rise of the Digital Workplace — on Wheels

As fleet operators aim to gain the many benefits of transitioning to connected vehicles, nearly half of the vehicles in corporate fleets are expected to be connected vehicles by 2025. That’s a growing sign that the digital workplace is extending to vehicles, too, according to the latest entry in the “B2B and Digital Payments Tracker®” series, “Reshaping Global Business With Connected Vehicles,” a PYMNTS and American Express collaboration.

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