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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.

B2B 81
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Finding Salve For Business Payments Pain — From Expense To AP

PYMNTS

Many of those pain points are, by now, well-known in the B2B payments space. That expense management pain then extends beyond the employee payer, too, he noted, particularly when it comes to workers’ maverick spend and managers’ inability to ensure purchases are made with verified suppliers for valid, approved purchases.

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Asia-Pacific’s Anti-Cash Migration Spreads To Corporates

PYMNTS

Those drivers may support the rise in consumer mobile payments, but economic factors in the Asia-Pacific region have also opened doors for B2B mobile payments to gain traction, too. MC Payment , a startup based in Singapore, is a FinTech startup in the region that is riding the B2B mobile payments wave.

B2B 65
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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). Brex said the new funding would be used for engineering and design to advance its tools for expense management and procurement.

Legal 66
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Plugging Expense Leaks With Spend Management Solutions

PYMNTS

It’s a new year in a new decade of the 21 st century, but paper expense reports, paper receipts and paper reimbursement checks are still with us. PYMNTS research found that 42 percent of B2B payments were made via paper check in 2019, for example. That’s one of many familiar scenarios where spend management is having a massive impact.

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Why The Enterprise Must Take The Lead On Back-Office Integration

PYMNTS

In financial functions, adoption of procure-to-pay, expense management, accounts payable (AP), accounts receivable (AR) and other apps is on the rise — particularly as today’s corporates are forced to accelerate their cloud migrations to support remote working environments.

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Procure-To-Pay Guides The Middle Market Into The Cloud

PYMNTS

Plus, said Jandrell, these firms increasingly require the capability to manage processes before and after purchases are made. Historically, that has meant disparate, siloed platforms for expense management, contract management, accounts payable automation and more.