Tagged: b2b payments

Fintech Firm Vitesse, which Supports Real-time Cross-Border Payments, Acquires £6.6 Million in Capital via Series A Round

London-based Fintech firm Vitesse, which enables real-time cross-border payments, revealed on August 11, 2020 that it has secured £6.6 million in capital through a Series A investment  round. The firm’s funding round was led by Octopus Ventures. Existing shareholders Hoxton Ventures and several other angel… Read More

Billtrust Unveils Business Payments Network 3.0; Announces Record Volumes & New Partnerships

Billtrust, a fintech firm focused on B2B payment cycle management, announced on Monday the launch of its Business Payments Network (BPN) 3.0, which offers support for ACH and wire. According to Billtrust, the new version gives network participants the “flexibility” to automatically transact through the… Read More

B2B Payments Hub, Qolo, Partners with Cross-Border Payments Provider, moneycorp, to Launch FX Payment Solution

Qolo, which aims to serve as the B2B payments hub for the “New Economy,” and moneycorp, a foreign exchange and cross-border payments provider, recently announced the launch of an integrated foreign exchange (FX) payment solution. As noted in a release shared with CI: “Global businesses,… Read More

Norwegian and Scottish Fintech EedenBull and Mastercard to Streamline B2B Payments in Asia Pacific (APAC)

Mastercard and EedenBull will be supporting the launch of a digital banking platform in the APAC region. The new digital bank will be serving businesses in Asia by helping them process payments in a more efficient manner. EedenBull is a Norwegian Fintech firm that has… Read More

Brussels based Fintech iBanFirst Secures €21 Million in Capital via Series C led by Elaia, Bpifrance Large Venture

Brussels-based Fintech firm iBanFirst has secured €21 million in capital through a Series C round, which was led by Elaia and Bpifrance Large Venture. The funds raised will be used to expand iBanFirst’s financial services platform for SMEs. The company mainly focuses on supporting B2B… Read More

Digital Banks will Evolve into “Full-Bundle Offerings,” Significantly Increasing their Value Proposition: Report

Financial service providers and regulators are increasingly focusing on enabling and supporting instant payments, according to Juniper Research. The researchers note that the EU’s Single Euro Payments Area (SEPA) has “brought down settlement times significantly,” with the SEPA Instant Credit Transfer Scheme helping to reduce… Read More

London’s Micropayments Fintech SatoshiPay Acquires $550,000 Investment in XLM Cryptocurrency from Stellar Development Foundation

London-based SatoshiPay, a Fintech firm that aims to provide fast and affordable payment solutions, has teamed up with the San Francisco-headquartered Stellar Development Foundation (SDF). According to a release, SatoshiPay has received a $550,000 investment from SDF’s Enterprise Fund. The funds will be used to… Read More

San Francisco based Fintech Fundbox, a B2B Payment and Credit Network Provider, Receives Investment from Japan’s MUFG

Fundbox, a Fintech firm focused on “disrupting” the global $21 trillion B2B commerce ecosystem with its payment and credit network for B2B transactions, confirmed on May 26, 2020, that it received a fresh equity investment from MUFG Innovation Partners Co., Ltd., the corporate VC division… Read More

Fintech Firm EedenBull to Expand its Presence in the B2B Digital Payments Sector

Fintech firm EedenBull will be expanding its presence in the evolving B2B payments sector. The Norwegian and Scottish company revealed recently that it’s planning to introduce its commercial cards platform to banks interested in exploring the vast potential opportunities in the B2B space. EedenBull’s management… Read More

Pakistan’s Largest Transaction Clearing Facilitator, NIFT, Partners with Fintech Haball to Introduce Contexual B2B Payments

The National Institutional Facilitation Technologies (NIFT), the largest transactional clearing facilitator in Pakistan and Haball, a Fintech firm that provides various B2B services, have teamed up, in order to launch contextual payments for local companies. NIFT is a payment system operator and provider. It offers… Read More

Credorax, a Fintech Bank and Smart Payments Firm, Partners Samsung SDS Europe to Introduce a DLT-enabled Reconciliation Platform

Credorax, a Fintech bank and smart payments solution provider, has committed to a memorandum of understanding (MoU) with Samsung SDS Europe, a company focused on developing digital transformation solutions.  The two firms plan to create and bring to market Credorax’s automated distributed ledger technology (DLT)-enabled… Read More

US-based Companies Still Using Slow, Inefficient Paper Checks to Settle B2B Payments: Report

Companies might think that they have to spend more money to generate more revenue, however, many are reportedly spending a lot more than what’s required in order to keep their accounts payable (AP) departments operational. Paper checks are still the main method through which American… Read More

Citi Announces Launch of Cross-Border B2B Payments Platform

Citi announced on Wednesday it has launched a new cross-border platform to help its multinational clients manage the complexities in collecting cross border business-to-business payments. According to Citi, Citi Global Collect will help multinational clients continue to extend their global reach. The financial group claims… Read More

Blockchain-Based B2B Payments Platform PayStand Announces Operation Expansion; Opens New Office in Mexico

PayStand, a blockchain-based, B2B payments firm, announced last week it has expanded its operation into Mexico by opening a new office in Guadalajara. According to PayStand, the new office bolsters the company’s continued focus to deliver a robust digital payments network for businesses. While sharing more details… Read More

Irish Cross-Border B2B Payments Firm TransferMate Secures €21 Million Investment From ING

TransferMate, an Ireland-based cross-border B2B payments technology solution, announced over the weekend it secured a €21 million investment from European bank ING Group N.V. As part of the investment, ING reportedly received a small minority equity stake in Transfermate. TransferMate also revealed that as part of the… Read More

PayStand Announces Partnership With Commerce.Innovated to Build Out Blockchain-B2B Payments Network

PayStand, the blockchain-based, B2B payments company reinventing commercial finance, today announced that it is partnering with Silicon Valley Bank and First Data in Class 8 of Commerce.Innovated., an accelerator program focused on growth and innovation in finance. According to PayStand, Commerce. Innovated is designed to help… Read More

Visa Hiring Ethereum Engineer to Continue Work on its Blockchain Technology

Last week, Visa posted a new job opening for an Ethereum engineer to continue work on the company’s growing blockchain technology products. The company had previously launched an international B2B payment solution that utilized blockchain technology last year. Ethereum Developer Wanted The job posting describes Visa’s… Read More

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