article thumbnail

Young B2B FinTechs Secure Their Seed Rounds

PYMNTS

The company offers a range of services, including business accounts, commercial cards, bill payment, expense reimbursement and accounting. Also securing seed funding is Bazaar, a B2B online marketplace based in Pakistan developed for the food and grocery arena to connect wholesale suppliers to retailers.

B2B 81
article thumbnail

Data Enablers: Runzheimer, Track Business Mileage From A To B

PYMNTS

In terms of mileage, there is a true slew of accounting and management issues: how many miles, how quickly an employee can get to the next meeting, how to reimburse — take your pick. The business vehicle expense reimbursement programs tend to save administrative costs and reduce monetary and physical risks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Innovating To Capture Value, While Stemming Losses 

PYMNTS

26 percent: Share of hearing-impaired consumers not buying hearing aids due to expense and demeaning purchase experiences. involving expense reimbursement. Data: $68K: Median fraud loss in the spend management industry. 1K: Number of robots DHL has recently added to its existing warehouse locations.

article thumbnail

Accounting Professor Indicted on Fraud Charges Over Embezzlement Claims

CPA Practice

Kroger used his position as chief executive manager of Lone Star to transfer more than $480,000 from Lone Star’s bank account to his personal bank accounts between November 2019 and February 2020, each with a memo line of “loan” or “expense reimbursement.”

article thumbnail

The Demographics Of Corporate Fraud

PYMNTS

Australia and the United Kingdom that expense fraud has significant financial impact, costing firms in the U.S. Chrome River also cited findings from the Association of Certified Fraud Examiners (ACFE) that expense reimbursement fraud makes up as much as 17 percent of business fraud in general. alone as much as $1.9

article thumbnail

How SMB FinTech Elevates (Not Negates) The Need For Humans

PYMNTS

By their very nature, businesses in different industries will need different technologies: a retail company will require a point-of-sale (POS) solution, while a service provider like accountancy firms or IT consulting will need a cloud-based, integrated platform to accept payment.