Today in B2B: Eka Targets Treasury Management; Tech Firms Adopting Automated AR

Today in B2B, Lenovo and Behalf partner on B2B financing and Eka’s treasury management tool gives business leaders more financial insights. Plus, OakNorth is now valued at $5 billion, Trust and Plastiq partner on marketing payments and almost two-thirds of technology firms are embracing automated AR tools for their companies.

Trust, Plastiq Partner on New Marketing Payments Method

Corporate card company Trust announced a partnership with smart payments platform Plastiq Tuesday (Sept. 28) that lets businesses use their Trust cards to pay for more of their marketing investments.

Trust members will get up to 90 days to pay and the ability to pay invoices where cards aren’t taken, according to the company announcement, including marketing investments across major advertising platforms including Amazon, Google, Facebook, LinkedIn and TikTok.

Cloud Platform Eka Rolls out Treasury Management Tool

Cloud platform Eka Software Solutions on Tuesday (Sept. 28) launched Eka Treasury Management, a tool designed to give CFOs better insights into their companies.

Treasury Management gives companies current information on enterprise data to help them better understand their cash flows, liquidity positions and foreign exchange risk, the software firm said in a news release.

Lenovo Uses Behalf to Offer Financing for B2B Customers

Computer maker Lenovo is partnering with B2B financing firm Behalf to offer what the companies call “flexible and extended financing” to its business customers, according to a joint announcement Tuesday (Sept. 28).

Behalf’s in-purchase financing gives consumers a buy now, pay later (BNPL) option that’s focused on B2B relationships, the companies said in the announcement.

65% of Technology Firms Have Adopted Automated AR Payment Tools

Almost two-thirds (65%) of technology firms have adopted automated accounts receivable (AR) payment tools, according to the Innovating B2B Payments Report done by PYMNTS and i2c Inc.

Tech firms ranked in the middle of the pack among five industry sectors surveyed for the Innovating B2B Payments Report, below energy firms (71%) and advertising firms (68%) but ahead of healthcare (56%) and construction (48%).

UK Commercial FinTech Bank OakNorth Valued at $5B

U.K. commercial startup bank OakNorth was valued at $5 billion following mortgage lender Indiabulls Housing Finance’s sale of some of its 40 percent stake in the FinTech, The Block Crypto reported, citing unnamed sources.

Indiabulls, headquartered in Gurugram, Haryana, India, is the country’s second-largest housing finance company. It sold 251 crores (about $34 million) of its stake in OakNorth, which it acquired in 2015, according to a regulatory filing.