Payments News

On The Web

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Domains

SEC Asks Boeing, Coca-Cola to Disclose More About Popular Financing Tool

“The agency sent letters in June to Coca-Cola Co. and Boeing Co. requesting more information about how they use supply-chain finance , essentially a form of short-term borrowing to pay for goods and services, according to securities filings. The funding, often provided by banks, pays a company’s suppliers earlier than they would normally be paid, […]

On The Wires

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Domains

GoCardless for Salesforce Billing Powers Recurring Payments on Salesforce AppExchange

“The fully integrated application enables businesses to bring sales, billing and payments processes together within the Salesforce platform to have a 360° view of their customers across the whole lifecycle. Fully automated payment collection via bank debit means businesses have better visibility of their payments flow, helping them manage and reconcile their payments all from […]
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Deals

Veem Secures $31M in Strategic Funding Round Led by Truist Ventures

“Veem , the fast-growing global payments network built for businesses, today announced the closing of a $31M capital raise, led by Truist Ventures, the corporate venture capital division of Truist Financial Corporation (NYSE: TFC) — the 6th largest commercial bank in the U.S. This investment will go towards the development of a robust channel partner […]
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Domains

AvidXchange Launches Boost Your Business Program to Help the Middle Market Find New Growth Through AP and Payments Automation

“AvidXchange , the leading provider of accounts payable (AP) and payment automation solutions for the middle market, has launched a new Boost your Business Program to help more companies quickly and cost-effectively automate their AP. With no setup or configuration fees and support from the industry’s most comprehensive onboarding services team, the initiative helps businesses transition to […]
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Deals

Thunes Raises $60 M in Series B Funding to Accelerate Global Growth

“Fintech startup Thunes, which operates a global B2B cross-border payments network, continues to attract investment as emerging markets take off. The latest Series B funding round sees Africa-focused Helios Investment Partners leading the US$60 million investment in the Singapore-based company. Additional investors include Checkout.com as well as existing investors GGV Capital and Future Shape.”
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Domains

TransferMate expands North American regulation with Mexico licence approval

“TransferMate, one of the world’s leading cross-border B2B technology payments providers, has today announced a significant boost to its international footprint, securing a new payments licence in Mexico. This authorisation as a money transmitter by Mexico’s National Banking and Securities Commission marks a major milestone on the company’s global growth journey and strategic plan to provide its customers with […]
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Domains

Radius Bank Completes the Full-Circle in Cross-Border Payments

“Radius Bank, the best online US bank of 2020*, and Currencycloud, the leader in providing B2B embedded cross-border solutions, have partnered to offer Radius clients the ability to send money to more than 180 countries. Following increased customer demand for international wire transfers for both their own clients and their Banking-as-a-Service partners, Radius sought to […]
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Domains

Brex Adds Two New Integration Partners, With Industry-Leading Accounting Support

“Brex, the company reimagining financial systems for growing businesses, today announced a new partnership with SAP Concur allowing Brex customers to automatically update and reconcile their corporate card expenses with Concur® Expense. At the same time, Brex has also built the best-in-class link between the Xero small business platform and any corporate credit card in […]
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Domains

Bill.com and KeyBank introduce Key CashFlow, a Streamlined Payments Solution for Small and Midsize Businesses

“Bill.com , a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses (SMBs,) and KeyBank introduce Key CashFlow, an online banking solution that streamlines payments for small businesses (SMBs) and commercial customers. Key CashFlowsm is a scalable, centralized platform that services the bank’s broad client […]