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According to new data from PitchBook and reports from Reuters on Thursday (April 14), B2B startups are receiving venture capital at impressive rates, with growth in VC investments surpassing that of B2C startups. Invoice financing has achieved new popularity among SMEs as their large corporate buyers stretch out payment terms.
With the B2B eCommerce market towering over B2C’s in terms of transaction value — Forrester Research estimates the U.S. “The buyer needs to go to their bank and type in their IBAN invoice number, and sellers are unsure if they are going to actually receive money,” he said. trillion valuation in the U.S.
Yet as the B2B commerce industry has seen in recent years, while B2C can offer a valuable, albeit general, idea of how to approach digitization, there are unique hurdles that both buyers and suppliers need to address. Other analysts, however, say it’s significantly lower, particularly when compared to the B2C landscape.
9 percent | Increase in the number of invoices that get paid on time when a company switches to electronic invoicing, according to Mattias Hansson, CEO and co-founder of eInvoicing solution Zervant. Hansson explained there are two key motivations behind encouraging entrepreneurs to invoice clients electronically: speed and ease of use.
This week’s B2B Data Digest pulls some of the highlights from that eBook and serves up the numbers behind the forecasts. — $20 trillion: the expected valuation of the B2B payments market. trillion: the current valuation of the U.S. trillion: the projected value of B2B eCommerce by next year.
This week saw cloud-storage software maker Snowflake’s initial public offering (IPO) pop an unprecedented 111 percent , Swedish-based alt-credit provider Klarna’s valuation hit $10 billion and instant disbursements make their next great leap forward as Square rolled out instant payroll services. Alternative Finance’s Growth Spurt .
The worldwide eCommerce industry is headed towards a $781 billion valuation by 2024. trillion valuation by the end of the decade. Some analysis concludes that B2B eCommerce is becoming more like B2C eCommerce , too, with higher demands for more personalized shopping experiences.
Word on the street is that B2B startups may be landing on the same path as B2C startups when it comes to the venture capital wells drying up. company is looking to remove friction from the procurement process — yes, that means paper invoices, too — by connecting procurement executives with suppliers without manual processes.
The fund aims to focus on cross-border FinTech startups run by Latinos, it said; the second startup it financed was Listo, a B2C financial services firm that similarly focuses on the underserved Latino community in the U.S.
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