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Young B2B FinTechs Secure Their Seed Rounds

PYMNTS

While 2021 has kicked off with a bang in the venture capital arena — with several high-value investments on the books — this week's B2B VC roundup is all about the seed rounds. Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management.

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ScaleFactor Adds SMB Card To Expense Management Offering

PYMNTS

Small business accounting solution provider ScaleFactor is expanding its product suite to include a commercial card product to support expense management. The tool enables small business owners to issue cards to employees and digital accounts while integrating that spend data into the ScaleFactor platform.

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Mastercard Grows Partnership With B2B FinTech ANNA Money

PYMNTS

The company combines a Mastercard debit card, mobile business account and virtual assistant into one offering, which is designed for freelancers, small businesses and startups. ANNA has transformed into an app that handles financial management tasks such as direct debits and invoicing, enabling clients to focus on other tasks.

B2B 81
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Overcoming The Pre-Accounting Hurdle Of Data

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Following anxieties that robots would replace their jobs, small business (SMB) accountants are now on a path to potentially become more strategic partners with their SMB clients. “In many ways, the biggest pain point for accountants and small businesses is assembling the books in the first place,” he said.

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From AI To T&E, B2B FinTechs Rake $141 Million

PYMNTS

This week’s B2B venture capital activity led to an impressive $141.2 million in total funding across nine rounds, with startups ranging from corporate travel and expense (T&E) management and small- and mid-sized business (SMB) accounting to artificial intelligence and beyond. Cross-Border B2B Payments.

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B2B FinTech Firms Brace For Growth With New VC

PYMNTS

Concerns over an economic downturn haven’t seemed to dissuade venture capitalists from backing B2B FinTech firms, with this week’s roundup including players in the small business (SMB) banking, corporate travel, expense management, alternative finance and data integration spaces. 2nd Address. ANNA Money.

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Thomson Reuters Steps Into Mobile SMB Accounting

PYMNTS

Thomson Reuters is stepping into the world of mobile small business accounting with the launch of a new app, OnBalance Express. The tool allows users to log expenses through the use of optical character recognition (OCR) technology to automate entry of receipt data into businessesaccounting systems.

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