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Subscription Business Models Lead B2B VC Funding

PYMNTS

Venture capital appears to be picking back up in the B2B technology startup community. This week saw an impressive $324 million in combined funding for a range of B2B FinTechs and other solution providers, including alternative lenders looking to support small businesses as they manage working capital instability.

B2B 90
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SAP SE, Qualtrics Unveil Software For B2B Supply Chain Management

PYMNTS

The news comes as SAP SE announced plans in July to take Qualtrics public a year and half after purchasing the Utah-based management software firm for a record $8 billion.

Utah 64
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Corporate Cards Flex Their Rewards Muscles To Support Business Growth

PYMNTS

Divvy, based in Utah, offers businesses an integrated spend management platform connected with a corporate card offering. In a statement, Neat CEO David Rosa said the card "gives SMEs [small and medium-sized enterprises] the flexibility and control they need over their spending.". Divvy Lands $165 Million For Spend Management Tech.

Utah 102
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Today In Payments: Study Shows Americans’ Savings Drying Up; State AGs To Press Own Case Against Google

PYMNTS

The states leading the probe include Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah. Billtrust CEO: B2B Buyers Ignore Suppliers’ Payments Preferences At Their Peril. B2B buyers want to take their time paying, but suppliers want to get paid quickly. Third-party sellers generated over $3.5

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Mixed Performance For Payments Stocks

PYMNTS

The mobile payments firm announced plans last week to open up a physical branch in Utah, to be called Square Financial Services. That assertion comes with the inclusion of peer-to-peer (P2P) payment and B2B payments, moving beyond traditional card transactions. Square was the biggest gainer on the week, up 4 percent.

Utah 59
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GPS Capital Markets For Sale, Sources Say

PYMNTS

As of last year, the company employed 63 people, reports said, citing Utah Business data. PE Hub noted that among GPS Capital Markets’ direct competitors is Cambridge Global Payments, another foreign exchange management and cross-border B2B payments company that was acquired by FLEETCOR in 2017 for about $690 million. “We

Sales 43
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Funding Lands T&E Firm TripActions $4B Valuation

PYMNTS

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. MX, based in Utah, said it plans to deploy the investment to continue building out its data solutions. TripActions.