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Accounts Payable Automation And Innovation Friction

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Innovation for accounts payable is often an afterthought, but automated solutions can efficiently onboard customers, cut back on errors and eliminate paper-based invoicing systems. million: Amount that apart-hotel startup Locale recently raised in a funding round. . All this, Today in Data. .

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Oracle Adds Invoice Finance Firm Previse To Startup Ecosystem

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Enterprise technology conglomerate Oracle is giving a B2B FinTech a boost of support through its startup mentorship program. The company’s platform provides a network that enables banks to authorize a transaction so suppliers can be paid when an invoice is sent, while buyers can wait to repay the bank until invoices have been processed.

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New Shine Feature Lets Customers Insure Invoices

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Challenger bank Shine , a French startup, has introduced a new program to insure invoices to help make sure they are paid, according to a TechCrunch report. With Shine’s new service, after an invoice goes unpaid for a certain amount of time, the bank contacts the other company to remind them to pay.

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UK’s Peasy Offers Rewards For Faster Invoice Payments

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based startup, wants to help businesses get invoices paid faster, according to a press release. The idea behind Peasy is to link a company with automated accounting software and offer cash incentives for paying earlier. The pandemic has drastically worsened the state of late invoice payments. Peasy , a new U.K.-based

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Shark Tank Star Out $400K In Invoice Fraud Scam

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Invoice fraud scams continue to target businesses of all sizes and industries, with experts warning of a major spike in various iterations of business email compromise scams. Reports in People this week said Corcoran lost nearly $400,000 to an invoice scam and confirmed that she will not be able to recover the funds. “I

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Southeast Asia B2B FinTech Keeps VC Wheels Turning

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Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. Plus, an accounts payable technology company announced a $127 million equity round. “We haven’t seen a substantial pullback yet within the U.S. KarbonCard.

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Global B2B Payments FinTech Leads VC Funding

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Venture capitalists focused their support on corporate lending, payroll and accounts payable technologies, but it was a cross-border B2B payments company that landed the lion’s share of this week’s VC funding. Cerebro Capital. For exceptions, the platform routes the document for human intervention.

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