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DueCourse Raises $8M For Invoice Financing Solution

PYMNTS

Startup DueCourse announced an $8.14 million seed funding round in support of its cloud-based invoice financing solution for SMEs, reports said on Monday (Sept. Its risk model decides whether an SME is eligible to receive invoice financing, as well as the cost of that loan. firm’s CEO and cofounder, Paul Haydock.

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Crowdz Pilots Invoice Crowdfunding Platform InvoiceXchange

PYMNTS

B2B invoicing and payments firm Crowdz has announced a new pilot aimed at connecting businesses to crowdfunding services to finance their unpaid invoices. 16), Crowdz announced it is rolling out what it claims to be the world’s first invoice financing marketplace, InvoiceXchange, in pilot phase.

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New Shine Feature Lets Customers Insure Invoices

PYMNTS

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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Payments Startup Veem Introduces New Tool For Easy B2B Payments 

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Global payments startup Veem is launching a new business-to-business (B2B) tool to simplify and automate domestic payments, the company announced in a Wednesday (Nov. A recent study showed that 43 percent of invoices are affected by late payments. 18) press release.

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Saudi Startup Lendo Helps SMBs With Invoices

PYMNTS

Lendo , a peer-to-peer (P2P) lending marketplace for small- and medium-sized businesses (SMBs), wants to help them pre-finance their invoices so they can potentially get paid faster, according to a report. The company is doing its business as an alternative to regular short-term finance by borrowing money against outstanding invoices.

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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

London startup mobile bank Revolut Ltd. 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. has secured $80 million in new funding at a $5.5

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Invoice Startup Upflow Raises $2.7M

PYMNTS

French startup Upflow , a company that wants to streamline the invoicing process for companies, help them stay organized and ensure they get paid on time, has raised $2.7 Many companies have relied on Excel spreadsheets to keep track of invoicing information, and Upflow has created a proprietary system to improve on that.