Crypto News 

Blockchain B2B FinTechs Score With Investors

“Check out the two blockchain B2B FinTechs that scored new funding below, plus two other firms that landed their own fresh funding rounds” reports pymnts.com. PayStand scored another win for B2B payments venture capital with the announcement of a $6 million Series A funding round.The U.K.-based startup deploys blockchain technology to help insurance companies manage back-office functions, from accounting, billing and collections to claims management.In addition to the new funding, the company also announced the beta launch of its accounts payable platform.In announcing the funding, Jeremy Almond, CEO and founder…

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News Platforms 

India Central Bank Clears Infibeam For B2B Payments Launch

“The company is collaborating with the Federal Bank to implement a B2B payments infrastructure aimed at streamlining B2B logistics payments, reports said at the time” reports pymnts.com. In another B2B payments initiative for the country, last year 4TiGo expanded in the market to tackle fragmented B2B payments in the logistics space.India’s central bank, the Royal Bank of India (RBI), has cleared the way for eCommerce company Infibeam to launch a B2B payments service, according to news from Inc42.Infibeam is looking to integrate B2B payments capabilities into its existing CCAvenue payments platform…

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News 

Blackhawk And eBay Ramp Up B2B Gift Card Focus

“Blackhawk Network, a global financial technology company, announced that it has expanded its partnership with eBay to provide the online marketplace with end-to-end business-to-business (B2B) gift card services” reports pymnts.com. Blackhawk’s strength in gift card solutions – along with its recent acquisition of CashStar, a leading provider of merchant solutions for gift card eCommerce – positions the company to assist eBay in accelerating its growth in the B2B gift card space, as well as further entering the loyalty and incentives market. “As part of our partnership with eBay, we are…

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News 

Payments Apps In The Context Of The Enterprise At Large

“Instead, Beique said, enterprise app developers are now forced to rethink their positions in the market and their roles within the enterprise altogether” reports pymnts.com. That realization has led many app developers to begin focusing on integrations, enabling their solutions, via APIs or other means, to communicate with other apps. Today, he said, a payments processor or any enterprise app developer can no longer develop a solution independently. “You must say, ‘How does this fit into the context of everything?’” said Beique.Plus, he added, the deeper App A integrates into…

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News 

Asia’s Alternative SMB Finance Lands Investment Boom

“PYMNTS breaks down the $287 million in total funding announced by B2B FinTech startups this week” reports pymnts.com. But Asia’s alternative SMB lending industry was the clear winner, thanks to WeLab, a Hong Kong-based firm that landed $220 million in funding this week.The funding comes nearly two years after a $160 million Series B funding raise.With $2.5 million in seed funding, the company just landed support from Next Coast Ventures, Techstars Ventures, Firebrand Ventures, Matchstick Ventures, Edison Factor and Flyover Capital, according to reports in VentureBeat this week. Source: pymnts.com Share…

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News 

Investors Tap Into The Promise Of High-Tech Data Analytics In The Enterprise

“Trilio Data A $5 million Series A funding round will boost U.S.-based Trilio Data, a company providing data protection and recovery services to the enterprise, with .406 Ventures leading the funding round, according to the startup” reports pymnts.com. The company secured $20 million in Series D funding led by existing backers at Bessemer Venture Partners, Meritech Capital Partners, Norwest Venture Partners and Shasta Ventures, reports said.The company’s funding round was led by Abraaj Basket, Bessemer Venture Partners, International Finance Corp and Sands Capital, according to reports.The firm announced a Series…

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News 

APAC’s Late B2B Payments Problem Comes To Light

“New research from Atradius finds another geographic market grappling with its own late B2B payments problem: Asia Pacific (APAC)” reports pymnts.com. China saw the greatest frequency of late B2B payments, with 93.9 percent of China-based survey respondents reporting they have dealt with a late payment in the last year.The 90 percent of suppliers that experienced late B2B payments in the last year equates to an average of 45.4 percent of total B2B invoice value being paid late for these suppliers.But India is the market in which late B2B payments make…

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News 

Why Suppliers Are Key For B2B ePayments Adoption

“Solutions like the B2B Payments Hub are designed to fuel the adoption of electronic B2B payments among corporates, he added” reports pymnts.com. But B2B payments are big business: The space is worth $25 trillion in North America alone.About half of B2B payment transactions, though, are sent via paper check, especially among middle-market payers.Now, Mastercard has announced the first bank to partner into its B2B Payments Hub, Fifth Third Bancorp, which will link its own corporate customers to the electronic corporate payments capabilities offered by the solution. Source: pymnts.com Share This:

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Markets News 

A Global Approach To Local B2B Payments Digitization

“Digitization of B2B payments is on the rise, but the trend is challenged by discrepancies across geographic markets, according to the latest World Payments Report by Capgemini and BNP Paribas” reports pymnts.com. But, it is difficult to assess overall trends in the digitization of B2B payments across the globe, however, because Capgemini and BNP Paribas found broad discrepancies across geographic markets.But, despite the increased use of digital payments, cash remains king, especially for low-value transactions.Industry participants can prepare for uncertainties as the payments ecosystem develops by working with banks and…

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