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Embedded Finance Tops B2B Tech Funding For The Week

PYMNTS

Investors continue to fuel the growth of the B2B technology startup community with another busy week in funding. In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. B2B payments FinTech Qolo has announced a $3.8 Reports said the U.K.

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Corporate Cards Tackle Industry-Specific Pain Points

PYMNTS

Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expense management. Event managers are responsible for managing team members’ expenses, reconciling transactions and keeping receipts, she said.

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Banking On Consumer-Centric Strategies To Spur Virtual Card Adoption

PYMNTS

Virtual cards have been spreading across the B2B payment space because of their cost-saving benefits for both companies and suppliers. These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud.