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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

PYMNTS

Gusto’s payroll technology secured the largest investment round of the week with $200 million. 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.

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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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Cannabis Cos’ Payroll Problems Run Deep

PYMNTS

Part of Wurk ’s service portfolio includes payroll. Peterson explained that its payroll service varies depending on the customer. “To To be able to qualify for our payroll service, the company has to already be banked,” he said. “We We can process payroll and taxes for our banked clients.”.

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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.

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Finding Salve For Business Payments Pain — From Expense To AP

PYMNTS

After all, money exits a company through more than one avenue, whether it be via the accounts payable department or a firm’s own employees. Traditionally, different categories of business spending, including employee expenses, supplier payments, payroll and others, have been tackled separately. Where Banks Fit In Problem-Solving.

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Plugging Expense Leaks With Spend Management Solutions

PYMNTS

PYMNTS research found that 42 percent of B2B payments were made via paper check in 2019, for example. But setting a half-dozen staffers loose with no-limit corporate cards in, say, Las Vegas has been a leading cause of premature aging among corporate managers, accountants and treasurers for decades.