Today in B2B: Medikabazaar Enhancing HC Tech with $75M in New Funding; CFOs Say New Tech is About Business Transformation

Today in B2B payments, Medikabazaar snags $75 million to enhance B2B healthcare tech offerings and Pagero and Facevalue get together on eInvoicing. Plus, tech investment focuses on B2B transformation and Karbon snags $12 million in pre-Series A funding.

57% of CFOs Say Technology Investments Are About Transformation, Not Automation

Innovation has been a priority for B2B companies as they continue dealing with the economic fallout from the COVID-19 pandemic and companies are continuing to change, in some cases out of pure necessity.

PYMNTS’ August Global B2B Payments Playbook, done in collaboration with Worldpay, shows that 57% of chief financial officers (CFOs) say their technology investments are about transformation, not automation.

Karbon Brings in $12M Pre-Series A Funding

Corporate card FinTech Karbon Card will use the $12 million it raised in pre-Series A funding for operations, product development and hiring new employees to double its headcount to 60 within the next six months and operations, Mint reported, with support from FinTech unicorn Ramp, Rainfall Ventures, Roka Works, Y Combinator and other global investors.

Bengaluru-based Karbon offers startups credit with no personal guarantee or fixed deposits; payments transactions through corporate cards to its customers; rewards specific to the startups’ requirements; and software products.

Pagero, Facevalue Team on eInvoicing

Cloud-based eInvoicing company Pagero and FinTech startup Facevalue will partner to help companies grow in terms of digitization of invoicing procedures, according to a press release.

Pagero customers’ invoice data can also be transferred for analysis to Facevalue, which lists the present value of every receivable a buyer is offered and leaves it to the supplier to decide what goods they want to sell.

India’s Medikabazaar Nets $75M To Boost B2B Healthcare Needs

Health technology platform Medikabazaar will use the $75 million it raised in a Series C funding round to bolster its digital capabilities, make the supplier ecosystem more resourceful and create more capacity to supply more medical suppliers across various geographical regions.

The money will help Medikabazaar boost its international operations, particularly in the Middle East and North Africa (MENA) as well as Southeast Asia, according to the report.