Today In B2B: Paddle Launches B2B SaaS Payments Tool; Xerox Debuts Financial Services

Today in B2B payments, Paddle launches a B2B SaaS payments solution, and Xerox debuts its financial services unit. Plus, Google plans business funding support, Ephesoft integrates into Microsoft Power Automate and Cashplus plans a funding initiative.

Paddle Rolls Out New Payments Features For B2B Subscription Software Firms

Revenue delivery platform Paddle has rolled out a new collection of functionalities to assist companies with growing their payment acceptance and capturing higher sales. The firm says the offering, which is known as Paddle Pilot, lets subscription-based software companies optimize the success of their payments globally, while steering clear of payment failures that can often lead to lost sales and lackluster client experiences, according to an announcement.

Xerox Rolls Out New Equipment Financing Program

Xerox Holdings Corp. has debuted its new financial services network to help with equipment finance, a press release says. Xerox Financial Services (XFS) is the name of the new business, which finances both Xerox and third-party needs. XFS expands on a long record of helping out with financing for Xerox needs, expanding that to general critical workplace needs like software, hardware, IT services and other such things.

Ephesoft Debuts Semantik Invoice On Microsoft Power Automate

Intelligent document processing technology provider Ephesoft, Inc. rolled out its artificial intelligence (AI)-enabled and cloud-based Semantik Invoice offering on the Microsoft Power Automate infrastructure, according to a Wednesday (Feb. 17) announcement. Semantik Invoice’s single-click setup lets citizen developers or different kinds of business users simply and quickly bring smart invoice processing into their automation processes without code, according to the announcement.

Cashplus To Raise $69 Million In First Outside Investment

Cashplus, which is newly in possession of a banking license, has rolled out a 50 million pound ($69 million) fundraising to help grow the company as well as meet loan demands, according to Reuters on Wednesday (Feb. 17). Company CEO Rich Wagner said the fundraising had been approved by the end of last week. He said he had been seeking equity from growth investment firms.

Google To Fund Businesses Affected By COVID Around The World

Google is partnering with the European Investment Fund (EIF) and two other organizations in Latin America and Asia to extend $75 million in funding to small and medium-sized businesses (SMBs) suffering from the impact of COVID-19. The funds are part of an $800 million initiative Google announced in March at the start of the pandemic. A division of Alphabet, Google said it would invest in two EIFs, offering $15 million in loan capital to 1,000 SMBs in Europe and $10 million for a fund supporting 200 companies in the life sciences space.