News 

Alt Lending, Artificial Intelligence Startups Lead Investment Activity

“British Business Investments, Paragon Bank, BCI Finance and Blenheim Chalcot facilitated an $81.8 million investment in U.K. alternative finance player Liberis” reports pymnts.com. Supply chain finance company Invoice Bazaar made an undisclosed investment in ODeX, an online logistics and shipping company facilitating digital document exchange.The company landed the funds from Poseidon Asset Management, Phyto Partners, Altitude Investment Partners, Arcview Investor Network and Arcadian Fund, according to Green Market Report.Based in Ireland, Supply Finance landed $4.9 million in Series A funding, reports in Independent.ie said this week.Blockchain heavyweight Ripple made headlines…

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Crypto News 

Blockchain Nudges B2B Traders To The Digital Realm

“Johnston pegged China as one of the most importance hubs for supply chain and B2B trade solutions today” reports pymnts.com. Crowdz is going after these two sides of the same coin — B2B eCommerce and supply chain financing — to streamline processes and interconnect all players of global supply chains in the same place.Recently, the firm revealed its China subsidiary, Crowdz China, secured investment in support of the company’s initiatives in the supply chain finance space.This is where another key benefit of blockchain comes in for cross-border trade, the executive…

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Crypto News 

BitPay Lands $40M For Crypto Cross-Border B2B Payments

“BitPay, a company that facilitates bitcoin and blockchain payments for corporates sending and receiving money across borders, secured $40 million in funding, the company said Tuesday (April 3)” reports pymnts.com. Individual investors also participated in the funding, which brings the total raised by BitPay to more than $70 million.The extended Series B round was led by a series of new investors for the company, including Menlo Ventures, Capital Nine, G Squared, Nimble Ventures and Delta-v Capital.In a statement, BitPay CEO Stephen Pair said the investment comes at a time of…

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News Platforms 

US B2B Startups Dominate $337 Million Worth Of Funding

“Combined, more than $337 million in funding will fuel growth for an array of B2B startups that revealed their latest funding rounds this week” reports pymnts.com. A $16 million Series B funding round will fuel development of Mixado’s solution, which helps companies manage merger and acquisitions transactions and processes.A $16 million Series A funding round will help this California startup scale up and expand its teams, which operate in Brazil and San Francisco.The company saw Bessemer Venture Partners lead the investment, while US Venture Partners, Costonoa Ventures, PeakSpan Capital, Hyde…

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News 

NACHA Streamlines AR’s Connection To The ACH Network

“NACHA, The Electronic Payments Association, is launching a new initiative to make B2B ACH payments more efficient” reports pymnts.com. NACHA said the program also helps businesses link into the ACH network to support the transfer of both monetary transactions and “zero dollar” message transactions to enhance the movement of data with a payment.The Association announced this week it is launching the Request for Payment program, which uses the ISO 20022 messaging standard to facilitate eInvoicing and receive ACH payments that correspond to that bill. The network facilitates same- and next-day…

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Markets News 

AvidXchange Launches Purchase To Pay Following Ariett Takeover

“Larger volumes of documents and transactions mean complicated integrations of all of these business processes, Praeger explained” reports pymnts.com. The B2B payments space has been patiently biding its time for its turn in the payments innovation spotlight.It’s a story that Mike Praeger, CEO of the B2B payments company AvidXchange, knows well.It took us 18 years to build those integrations.” That path, he added, highlights the slow and steady nature of B2B payments innovation. Source: pymnts.com Share This:

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Crypto News 

Why Researchers Want Governments Involved In Blockchain’s Attack On Late Payments

“Addressing the global problem of late B2B payments will likely take a combination of technology, regulation and behavioral change” reports pymnts.com. A new report coming out of South Korea, however, suggests that blockchain technology has the potential to address late and delayed supplier payments.This approach, however, means that delayed and late payments endure.Another startup, Crowdz, is developing a blockchain platform to facilitate B2B trade and payments on its eCommerce portal.Among the most recent to explore this tactic is HSBC, which recently revealed plans to test its blockchain-based trade finance solution. Source:…

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News 

New B2B Payments SaaS Solution Launches From MerchantServices.io

“MerchantServices.io is debuting its Software-as-a-Service (SaaS) solution to process B2B and municipal payments, the company said Wednesday (Feb. 21)” reports pymnts.com. According to the company’s press release, its SaaS platform supports Level 2 and Level 3 credit card processing, which is key to B2B payments, as they enable more data to be transmitted with a payment for accounting and reconciliation purposes. Source: pymnts.com Share This:

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