Tag: B2B

March 4, 2024

The CIEF has been launched to provide funding to Community Development Finance Institutions (CDFIs). CDFIs are non-profit lenders including community development banks, credit unions, loan funds and venture capital funds which service underserved communities specifically with small business loans, real […]

December 14, 2023

The European Commission recently unveiled VAT in the Digital Age (ViDA), a comprehensive proposal to reform the EU’s value added tax system. This reform includes significant changes in the scope of obligations regarding e-reporting and e-invoicing. EU Member States will […]

December 13, 2023

Leading the round was Sanabil Investments, a subsidiary of the Kingdom’s Public Investment Fund (PIF), which was joined by other participating investors including Shorooq Partners and AB Ventures. The raise builds on the company’s earlier Series A funding round of […]

November 7, 2023

The offering pairs “overlooked and underserved” founders and C-Suite executives with an OakNorth business partner, who will collaborate with the client to understand their business needs and goals, and provide tailored information on what the bank can offer. The product […]

October 19, 2023

Based in Greenville, South Carolina, United Community is a regional bank offering both personal and business banking services, including checking and savings accounts and loans, as well as wealth management and investment solutions. It operates primarily in the states of […]

May 11, 2023

Other investors joining the funding round include Story Ventures, Core Innovation Capital, and RiverPark Ventures. The round also includes strategic investments from Synchrony and Samsung Next. Founded in 2016, Petal helps people build their credit scores by providing access to […]

May 2, 2023

Through the new solution merchants operating on Shopify will be able to pay bills via credit, bank or wire transfer, as well as choose how their vendors will receive payments separately (by check, bank or wire transfer), without having to […]

March 16, 2023

The new offering, which can be integrated into existing checkouts via an API, will enable multinational corporates to provide payment alternatives such as BNPL to their business customers. Hokodo says that through its real-time credit decision process and “highly configurable” […]

January 25, 2023

The total funding is made up of a mix of revolving credit facility capacity and new term loan funding. The revolving credit facility has been provided by Barclays ($100 million) and Angelo Gordon ($60 million), and the $100 million in […]

October 26, 2022

The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation and saw participation from banking giant JP Morgan, which came in with the largest investment. Existing investor Patriot Financial Partners and new investors Discover Financial Services, […]

February 7, 2022

The round also saw participation from Coinbase Ventures as well as existing investors BECO Capital, QED Investors and Rising Tide. Tribal is a B2B payments and financing platform for emerging markets. It initially launched its beta spend management platform to […]

November 30, 2021

The deal was undertaken on behalf of Tinkoff Business, the branch of Tinkoff Group that services SMEs and large businesses. Jump.Finance will be integrated into the Tinkoff Business ecosystem and retain its current team, including co-founders Mikhail Kirichenko and Anton […]

October 20, 2021

American Express and Goldman Sachs announced a collaboration on Wednesday to offer AmEx’s virtual cards through Goldman’s corporate banking platform, Goldman Sachs Transaction Banking (TxB). The new digital offering aims to make business-to-business (B2B) payments easier and more streamlined for […]

September 10, 2021

Payments moving between the UK and the European Economic Area (EEA) will be hit with a 1.29% fee, a rise from the usual 0.5% currently paid. PayPal has placed blame for the decision on rising operating costs and increased interchange […]

August 18, 2021

Square’s acquisition of buy-now-pay-later (BNPL) firm Afterpay will further entrench the payment provider’s tools with small-business and consumer-banking clients, a move that should concern some traditional financial institutions, industry observers said. The $29 billion deal, which Square announced this month, […]

August 2, 2021

This is a B2B facility for domestic and foreign currency payments. Fiserv clients will be able to execute cross-border payments natively within their existing accounts receivable and accounts payable solutions from Fiserv, via Goldman Sach’s payments suite. Goldman Sachs will […]

July 22, 2021

The industry’s payments ecosystem is developing rapidly in response to increasing consumer demand for faster, smarter payments. The need for real-time payments was accelerated by the global pandemic — but most banks are moving far too cautiously to respond to […]

June 7, 2021

Cross-border payments have long been complicated, slow, and expensive for businesses, with a labyrinth of correspondent banks, compliance requirements and entrenched systems often bogging down the movement of money. Lately, digitization of services and new software tools have set off […]

May 26, 2021

Card network giant Visa is expanding an effort to get banks and fintechs in its ecosystem to work together with the goal of ultimately generating more business for all. The company said in a press release today that it’s expanding […]

May 5, 2021

The bank’s global information-security unit spends the majority of this budget on staff and technology. Bessant added in a briefing on Monday, as reported by American Banker, that cyberattacks have surged “dramatically” during the pandemic. “Criminals are by definition very […]