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London startup mobile bank Revolut Ltd. has secured $80 million in new funding at a $5.5 The startup offers its digital banking features with a debit card that users can attach to their accounts, stock trading tools, cell phone and travel medical insurance, buy shares, donate to charities and save money.
This week, Barclays and Santander InnoVentures demonstrated traditional banks’ interest in alternative finance when they led a nearly $34 million equity fundraise for invoice financing platform MarketInvoice. The firm plans to focus on expansion with the investment, targeting a customer base of 30,000 by 2022.
One way to secure funding is to use invoice financing. To that end, Netherlands startup Finturi earlier this month said it had secured $2.2 USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence.
With Finly, a CFO [chief financial officer] can time his payments to better manage cash and capture early payment discounts, reduce invoice processing time and costs, and engage your accounts payable department in more strategic, higher-value activities.”.
Implementing automated invoicing systems can streamline the collection process, reducing outstanding debts and accelerating cash inflows. Innovations such as blockchain for secure transactions, AI for predictive analytics, and machine learning for process automation are redefining how businesses manage their finances.
It was another busy week for B2B FinTech startups, with globally and vertically diverse companies securing new funding for their enterprise-targeting tools. Investors in this Series B funding round include CommerzVentures, Earlybird, Speedinvest, Seedcamp, Rancilio Cube, and Munich Re/HSB Ventures, according to EU-Startups reports.
In the whirlwind world of tech startups and fast-growing businesses, navigating rapid expansion can feel like sailing through a storm. Ready to secure your financial future? Be on the lookout for warning signs of cash flow problems, such as delayed payments from clients, a mounting pile of unpaid invoices, or dwindling cash reserves.
The Business Email Compromise is now a top concern for the enterprise and security providers alike, especially since regulators have released warnings against the crime. One startup wants to safeguard corporate email and has just received new venture capital to move forward with its efforts.
B2B payments startup ePayRails has announced new funding to focus on further technological development of its Payment Hub. 2), ePayRails said it secured $2.45 ePayRails also offers businesses API integrations with their ERP systems, and enables firms to customize how they pay invoices based on which vendor they are paying.
In the dynamic world of startups, every decision holds the potential to either propel your business forward or set it back. Enter affordable virtual CFO services—a game-changer that offers scalable financial strategies tailored specifically for startups. Get expert cash flow management advice to secure your startup’s future.
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.
Investment in B2B FinTech startups came through a variety of channels this week, from venture capital to growth equity. Based in Hong Kong, Qupital provides an invoice financing solution that recently caught the attention of Alibaba. trillion market. Alternative Finance. Treasury Management.
All of a sudden, venture capitalists seem to love invoice finance startups. Last week, in our B2B Investment Tracker , we uncovered several deals in which investors backed invoice finance companies. KredX also secured investment — to the tune of $750,000 — for its invoice financing solution. based Platform Black.
A press release Monday (July 29) said Certify/ChromeRiver have reached a deal to acquire Emburse , a startup that provides virtual and physical commercial cards to manage employee spend as well as vendor payments. Emburse will first be integrated into the Abacus expense management platform, the companies said.
With only four investment rounds, B2B FinTechs were able to secure more than $181 million in fresh funding — an impressive sum amid turbulent times. In addition to expanding its marketplace, the startup said it plans to expand its ability to streamline the corporate lending process for both banks and non-bank lenders.
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. bank technology firm securing $100 million to expand in the region. The investment is part of KarbonCard’s seed round, which secured another $1 million last month.
Australia and New Zealand-based ASB Bank has acquired a stake in a New Zealand startup developing a blockchain-powered trade management solution. 12) that ASB Bank has invested in TradeWindow with funds that will support the startup’s ongoing development of a distributed ledger technology-powered trade platform. said Monday (Aug.
Any freelancer I know who has charged interest on an invoice has not been hired again,” said freelance games writer Jupiter Hadley. 50 percent of SMB invoices were paid past their due date in 2019, new Xero analysis revealed. 90 minutes every day are spent chasing down late invoice payments among U.K.
is in a B2B startup lull, it seems. Some solid funding rounds made for more than $23 million in investments landing at startups across the globe, from Finland to Southeast Asia. B2B startups. million funding round, which will be used to explore new products, including an invoice financing service. could be on the horizon.
A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Frontline Ventures , meanwhile, revealed an $80 million fund targeting software startups based in the U.S. based funding round of the week, corporate spend management startup Airbase announced via press release a $23.5
Venture capital appears to be picking back up in the B2B technology startup community. But it was one startup, which helps other businesses launch their own subscription service offerings, that secured the largest round of the week, perhaps reflecting the rising tide of companies looking to shift business models amid market uncertainty.
banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech startups and financial institutions (FIs). has been a hotbed of FinTech startups. In 2016, the government revealed it was committing to invest £500,000 ($656,182.50
Surecomp noted the solution was developed in partnership with banks, meaning it supports compliance and security while integrating directly into FIs’ back offices. And so, it’s predicated on those with big balance sheets and data able to leverage their positions, versus the startups and those it was designed to foster.”
Digital payments entity and eCommerce platform Infibeam Avenues and blockchain startup Primechain Technologies have announced a partnership to implement a cross-border blockchain invoicing platform for the $12 trillion global trade finance market.
Small business finserv was a popular target this week, with startupssecuring funding for their SMB banking, lending and accounting tools. Data technology startup Incorta secured $30 million in support from backers at Sorenson Capital, GV, Kleiner Perkins, M12, Telstra Ventures and Ron Wohl, the company said this week.
It was a slow week for B2B FinTech funding rounds, but investors nevertheless provided an impressive sum to industry startups. India’s FinTech boom hasn’t ignored the B2B payments realm, and industry player EnKash recently secured new funding to prove it. Interestingly, U.S.
After a few months of lackluster performance with venture capitalists, alternative lending startups have won big this week thanks to two deals totaling more than $80 million — a figure expected to rise even higher. The startups that secured the investments aren’t based in the U.S., Alternative Finance.
Lighter Capital, an alternative lender targeting the startup community, is adding new financing products to its offering. The products aim to promote the financial health and growth of startups by providing new companies with capital as they need it, as companies do not need to have already raised venture capital to qualify for financing.
are shying away from alternative lending startups due to the recent controversy within the space, but investors across the pond aren’t hesitating to finance the industry. in the alternative SME lending space, while B2B startups from the Netherlands and Spain also secured impressive rounds. ” Invoice Finance.
India’s small business finance space got some renewed attention by investors this week when local startup numberz.in The company secured $650,000 from Kae Capital and Khosla Impact, reports said Monday (Nov. announced seed funding. Owned by Paradime Technologies, numberz.in offers cash flow management for businesses.
one startup operating in a B2B FinTech industry rarely seen on the VC roundup landed the second-largest investment round of the week. PayStand is one of two startups chosen by new venture capital fund LEAP Partners I, run by LEAP Global Partners, for its first investments. Enterprise Security. But — surprise! — Deep Instinct.
Here’s how these startups are hastening the robots’ day. Recent research by the startup and Gatepoint Research showed that nearly half of organizations still validate tax forms manually, while 30 percent aren’t validating them at all. That’s what he said the startup aimed to create in its mobile tool for corporate deposits.
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. At least, that’s what some analysts say is happening in India, which has recently emerged as a hub for B2B startup funding in areas like logistics and B2B eCommerce. eProcurement.
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. Awake Security. Canada and India. Cybersecurity.
B2B startups are increasingly building themselves on top of troves of enterprise data, uncovering new ways to unlock and aggregate information across enterprise platforms, and introducing new ways to analyze and make use of that data. million was raised by B2B startups tearing down data silos. In all, more than $87.8
venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 Venture Capital Practice National Co-Lead Partner, and Co-Leader of its Enterprise Innovative Startups Network, Brian Hughes, investors across the world also had a clear vision for where they wanted to see their money go. According to KPMG’s U.S.
In this week’s rundown, the industry landed the most funding among B2B FinTechs, though other bright spots included cybersecurity, alternative finance and a startup working to prevent firms from losing money when employees commit expense fraud. See how nearly $174 million in funding for B2B startups landed in our roundup below.
KPMG, for example, recently announced a partnership with cybersecurity firm nsKnox to deploy its KPMG Secure Payments tool. “Hundreds of thousands of pounds” are being lost to invoice fraud, according to the Isle of Man Bank, which issued a warning to businesses on the island. According to the Magnolia Reporter , $3.3
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. Kenna Security. Cybersecurity.
However, this summer, a different kind of B2B startup has captured investors’ attention. Enterprise blockchain startup Axoni secured $32 million in Series B funding this week, the company announced in a press release. In addition, the company secured a debt line worth more than $63 million. MyDreamPlus. AuditBoard.
This week’s B2B venture capital breakdown is an impressive blend of startups and, together, they’ve raised more than $279 million. But there is a clear common thread among the B2B startups that secured fresh funding this week: data analytics. Here’s a startup with a unique mission: to change corporate culture.
January is a month of New Year’s resolutions for the masses, and it was no different for these startups, many of which have launched or announced new ventures and expansions in the new year. First, it’s a global variable (whereas identifiers like the Social Security number are more localized). The Forerunner holds up to 500 songs.
Here’s how these startups are hastening the robots’ day. Recent research by the startup and Gatepoint Research showed that nearly half of orgs still validate tax forms manually, while 30 percent aren’t validating them at all. That’s what he said the startup aimed to create in its mobile tool for corporate deposits. Chargehound.
Funding targets this time around included blockchain, logistics, alternative finance, artificial intelligence and T&E — with a few startups taking a stab at some of the biggest problems in the cannabis industry, procurement and microfinance. This week’s VC Investment Roundup demonstrates investors’ varied appetite for B2B FinTech.
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