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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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B2B Investors Bolster SMBs’ Global Ambitions

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But a closer look at the rest of the B2B funding market shows investors turned to FinTechs helping small businesses grow and operate across borders, with FX, cross-border payment, and trade finance solutions securing new funding. Enabling its business and bank clients to facilitate global B2B payments, VertoFX raised $2.1

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B2B Payments, With Tokens And Smarts

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As Meredith noted, blockchain can be seen as “an interconnected system” that can help alleviate some of the complexity of the treasury and trade (in a B2B focus) functions of a firm. To that end, said the executives, the Smart Token can be used to manage receivables and payment terms tied to those receivables.

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Today In B2B: Intuit Closes Credit Karma Buy; Vaccine Supply Chain Scams

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Today in B2B payments, IBM uncovers a business email scam targeting the vaccine supply chain, while Intuit finalizes its Credit Karma takeover. Plus, SellersFunding expands its solution across borders and Penta expands its accounting offering. Penta Offers Digital Accounting, Receipt Services.

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Marg ERP Eyes Partnerships To Fuel SMB FinServ Strategy

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Marg ERP, an India-based FinTech connecting small businesses to inventory management, accounting and enterprise resource planning (ERP) technology, has announced a partnership initiative to expand its SMB financial services footprint. Reports in the Financial Express said on Monday (Dec.

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How Travel Streamlines Payments In A Complex Web Of B2B Connections

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However, that’s only the beginning of how silos in the travel sector can trip up these B2B relationships. According to Duane Overgaard, VP and GM of Connectivity for hotel distribution company DerbySoft , market fragmentation creates bottlenecks in B2B transactions throughout the travel arena.

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Peering Into B2B Payments’ (Near-Term) Future

PYMNTS

The B2B realm may be somewhat slow in making the transition away from paper to manage receivables and, by extension, cash flow. But changes are afoot in B2B indeed, aided by technology, and some will appear more quickly than others. The year 2017 is all of two weeks old.

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