B2B Payments Today: Investments Keep Flowing; Grovara Marketplace Hits 1K Buyers

Today in B2B payments: Grovara hits quadruple digits in online B2B marketplace buyers. Plus, investors sink big bucks into LevaData, Sayari Labs and Melio.

Supply Management Firm LevaData Raises $47M

Supply management software company LevaData has closed a $47 million Series C funding round led by Banneker Partners, according to a press release on Monday (Sept. 13).

LevaData also got contributions from existing investor Tola Capital in its latest fundraising effort, which it plans to use — along with its partnership with Banneker — to expand its platform capabilities, expand into key global markets and create hundreds of new jobs. The money will also help LevaData expand its existing partnerships with its clients.

Sayari Labs Raises $40M to Boost Trade Transparency

Financial intelligence and supply chain risk solution firm Sayari Labs has raised $40 million in a Series C funding round to goose its expansion plans and increase transparency for global finance and trade, according to a press release on Tuesday (Sept. 14).

There are about 200 enterprise customers — including government agencies, financial institutions and multinational corporations — using Sayari’s services to improve transparency, reduce risk and fight crime.

Grovara’s B2B Marketplace Streamlines Exportation Process for US Wellness Brands

Philadelphia-based online B2B marketplace Grovara announced in a Sept. 9 press release that the number of buyers using its platform had topped 1,000 and that it had consecutive months of company-best sales volume.

That milestone comes six months after Grovara raised $5.5 million, which allowed the company to triple its employee headcount and expand its presence in Latin America and Asia to meet increased buyer demand.

B2B Payments Platform Melio Raises $250M at $4B Valuation

B2B payments platform Melio raised $250 million in its most recent funding round, putting the company at a $4 billion valuation, according to a press release on Tuesday (Sept. 14).

Melio’s supporters in its Series D funding round came primarily from New York-based investor Thrive Capital and existing investor General Catalyst. U.S. investment firm Tiger Global Management also contributed to the latest fundraising efforts, as did existing investors Accel, Bessemer, Coatue, Corner Ventures and Latitude. Melio raised $110 million in a funding round in January.

The latest influx of cash will help Melio partner with new financial institutions, software providers and marketplaces on near-instant payments, the release says. The company has increased its monthly processing volumes by 5,000% in the last 18 months.