This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Some startups focused on data aggregation to expand underwriting capabilities, while others operate platforms to facilitate financing. But it was a startup wielding the corporate card to enable digital lunch vouchers for employees that landed the largest round of the week. Based in France, Memo Bank announced a $22.5
Zion Market Research released a report about the accountspayable software market on Wednesday (March 20), estimating the market will reach about $1,567 million by 2025, according to a release by the company. The global accountspayable software market is segmented on the basis of type and application.
Innovation for accountspayable is often an afterthought, but automated solutions can efficiently onboard customers, cut back on errors and eliminate paper-based invoicing systems. And, in retail, apart-hotel startup Locale raised funds in a seed round as it looks to create a boutique experience for travelers in apartment buildings.
A case in point is a mid-sized manufacturing company that saw its accounts receivable days drop by 30% after adopting automated invoicing and digital tracking tools, bolstering their liquidity and paving the way for strategic investments.
And while investors targeted an accountspayable payments startup as well as another platform designed to help other startups understand their equity, a common theme this week was investment in risk mitigation capabilities. This week's B2B Venture Capital roundup saw more than $76 million in new funding.
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 accountspayable technology company announced a $127 million equity round. “We haven’t seen a substantial pullback yet within the U.S. KarbonCard.
India-based accountspayable automation company Finly has announced new funding as it plans to expand its B2B product offering, reports in YourStory said Monday (Dec. B2B FinTech is growing in popularity for India’s robust startup community, while the market is also an attractive target for more established players in the industry.
San Mateo accountspayable automation startup Tipalti won $76 million in a funding round led by Zeev Ventures. The FinTech accounting firm will use the series D funds to grow the platform and its artificial intelligence (AI) tools that can read, process, pay and track invoices. . The startup targets mid-market firms.
Although for some new companies and startups — particularly those in brick-and-mortar industries like the restaurant sector — the pandemic likely thwarted, or at least redirected, launch strategies, Proper’s foundation as a digital-first commerce organization meant that its rollout plans remained more or less on course. “We
Hsieh said per reports, “Our vision is to empower all startups to achieve more through a Karbon Card.”. EnKash was aiming to reach startups with the credit card product, connecting small and medium-sized businesses with a revolving credit line to pay vendors, manage employee travel expenses, pay ultities and more.
Legal cannabis is generally a new industry, as Gordon discussed, meaning the market is dominated by startups. Because consumer transactions continue to rely on cash, the accounts receivable (AR) and accountspayable (AP) processes within the supply chain can be fragmented. Challenges 'On Steroids'.
Venture capitalists focused their support on corporate lending, payroll and accountspayable 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.
Venture capital funding landed at startups focused on accountspayable (AP) and cybersecurity this week — with one payablesstartup raising $23 million in funding. Venture capital funding landed at accountspayable (AP) and cybersecurity technology firms, among other innovators that raised money this week.
Enterprise technology conglomerate Oracle is giving a B2B FinTech a boost of support through its startup mentorship program. Brown added that “Oracle has unparalleled scale, experience and expertise when it comes to delivering technology to global enterprises.”.
Equity investments reigned this week, thanks to backing for accountspayable (AP) automation firm MineralTree and treasury management company Kyriba , but it was the logistics market that saw the largest venture capital round — and secured another unicorn for the B2B startup space. MineralTree. Existing backers.406
Commercial card innovation continues to make big waves in the accountspayable (AP) department, as corporates and card issuers alike explore new ways to drive business spend on cards beyond business trips or ad-hoc purchases. Accrualify Taps Visa For Corporate Card Offering. Privacy.com Sets Sights On Business Cards.
Several B2B FinTechs topped the list in Q2, however, including commercial card startup Brex, which raised $150 million, as well as global business account service provider Airwallex with $160 million and small business alternative lender Fundbox with a $200 million raise — the largest of the quarter. TradeDepot.
Sometimes, being a startup is about fixing the problem no one else will fix. Here’s what’s been happening in the startup world this month. NetSuite has its own PO creation capability, but the integration enables users to streamline their complete accountspayable (AP) workflow. AvidXchange.
Payroll infrastructure startup Check , which purports to simplify the payroll process, launched publicly Wednesday (Jan. Many are now embracing automated accountspayable (AP) processes, which are instrumental to a remote work environment. 27) with $35 million in Series B funding, according to a press release.
Investors are clearly impressed, thanks to a funding round for one startup that now claims it may be the fastest-growing enterprise software company in history. The startup’s Founder and Chief Executive Jorge Schafraad said the company’s goal “is to make it easier and more efficient to work with multiple banks.”
Venture capital (VC) is not easily available to every startup, but this week, VC investors hinted at a big year ahead for the B2B FinTech space. In its oversubscribed series A funding round, OnPay , a Georgia-based payroll software startup, secured $6 million, the company said this week. Flutterwave. AvidXchange.
The word “tipalti” means, “We took care of it,” and that’s what the San Mateo, California, startup aims to do. The platform automates the accountspayable and payments cash flow. The program’s popularity continues to rise, Israch said, as customers get their heads around it.
On the surface, investors were quite varied this week when it came to backing B2B startups. With more than $95 million in financing placed, startups across eProcurement, cybersecurity, logistics, alternative finance, blockchain and supply chain management secured support. IndustryBuying. Alternative Finance. Namaste Credit.
Visa has teamed up with business expense management firm Payment Logic to support the use of commercial cards in accountspayable for Australian businesses. It’s a great story of Australian startups enabling one another’s growth.”. Reports in IT Wire on Monday (Oct.
It was a slow week for B2B FinTech funding rounds, but investors nevertheless provided an impressive sum to industry startups. Another B2B SaaS startup, Omie , announced $20 million in Series B funding, according to Crunchbase News this week. Interestingly, U.S.
While all startups are doing their own thing and trying to solve different problems, many of those problems boil down to the same core issue: From onboarding to payouts and everything in between, the old way of doing things is just too slow. The startup team took three major steps toward that goal this month. First, on Oct.
The nation saw four startups take home investment out of a total of seven investment rounds. But the largest venture capital funding round went to an accountspayable automation firm in the U.S. Another Indian B2B eCommerce startup announced its own funding. with an $18 million investment. Cash Flow Management.
B2B payments startup Finexio announced new funding this week. Finexio develops solutions with the aim of reducing companies’ reliance on paper in accountspayable departments. Finexio develops solutions with the aim of reducing companies’ reliance on paper in accountspayable departments.
A robotics process automation (RPA) startup has just secured a $3 billion valuation as B2B FinTech continues to explore how the technology will disrupt the market. ” At present, the startup has 1,800 corporate customers averaging six new clients added each day. A press release issued Tuesday (Sept.
Indeed, the latest cases rounded up by PYMNTS show that the threats of external BEC scams and internal accountspayable fraud are alive and well. The accountant reportedly made fraudulent payments to a false company, though exact details of the accountspayable fraud were not reported.
Payments startup Sourcery announced new venture capital to propel its focus in the food and hospitality industries, reports said on Tuesday (Sept. The funding will also be used to develop an accounts receivable solution for vendors receiving payment via the Sourcery platform.
Combined, more than $337 million in funding will fuel growth for an array of B2B startups that revealed their latest funding rounds this week. based startups dominated, with investors focusing on cybersecurity solutions and on startups that aim to streamline back-office functions. PYMNTS breaks down the latest deals below.
The whole point of startups is to do things differently than mainstream players, and that is exactly what these companies are doing with automation, interoperability and digital currency initiatives. Why are one startup’s customers calm in the face of Visa’s upcoming new chargeback rules? Chargehound. Jewel Paymentech.
Here’s how these startups are hastening the robots’ day. The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. Chargehound.
RPA is igniting chatter in the corporate finance community as professionals explore next-level analytics and automation functionality to enhance processes like accountspayable, accounts receivable, cash flow management and more. Another nine-digit investment round was landed by a startup this week.
B2B payments startup ePayRails has announced new funding to focus on further technological development of its Payment Hub. In a press release Friday (Aug. 2), ePayRails said it secured $2.45 million in Series A funding led by Aspire Fund Management, which provided $2 million.
The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. The company said it plans to use the investment to further build out its lending operations.
Small business accounting and cash management took home the gold this week, with two startups raising a collective $93 million in funding. But the streak of B2B FinTech investments continues for startups of several industries, including cybersecurity, alternative finance and more. Canada and India. Cybersecurity. Awake Security.
Highlighting the increasing interest in this startup space is this week's B2B venture capital roundup, which recaps the final two weeks of 2020 in B2B FinTech investments. Logistics technology startup CloudTrucks operates a range of services for independent truckers to manage operations and optimize cash flow. CloudTrucks. Brightpearl.
Here’s how these startups are hastening the robots’ day. The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. Chargehound.
For a long time, that’s been a successful model,” Tom Berdan, chief marketing officer at startup DadeSystems , told PYMNTS.com in an interview. In turn, a company may receive a deposit in their bank account a couple of days later and have to pull the remittance information from the supplier site.
Amid these controversies, smaller commercial card FinTech startups like Brex continued to add new competition into the market. It's a solution with a focus on driving commercial card use in the accountspayable department, once again moving vendor acceptance to the top of the industry’s priority list. Spring’s SMB Support.
-based B2B FinTechs led the way in this week’s investment roundup, with more than $212 million in new funding falling in the hands of startups targeting a range of enterprise operations. Accountspayable, cloud migration, Big Data and even legal management for startups raising new funding were all targeted among investors.
TechCrunch reported this week that the seed funding was led by Quest Venture Partners, while ffVC, Magma Partners, Sidekick Fund and the Blue Startups accelerator also participated. based startup landed $2.23 million by the European Commission’s Horizon 2020 funding program, reports in EU Startups said this week. Raising $62.26
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content