Payments News

On The Web

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Deals

Https://www.bizjournals.com/chicago/inno/stories/fundings/2021/09/21/provi-funding-750m-valuation.html?page=all

“Founded in 2016 and formerly known as Tiz, Provi has created a beverage marketplace that simplifies the ordering process between retailers and distributors. Its online platform lets bars and restaurants order all their beverages in one central location, rather than making multiple phone calls and creating additional invoices. Provi, which is short for “provision,” also provides companies […]
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Domains

Square to Launch a New Paid Subscription, Invoices Plus

“Square’s popular free invoicing software is becoming the company’s next big subscription service. The company is poised to announce a paid subscription offering called Invoices Plus , which will offer sellers a set of advanced features, including some that had previously been available with the free service. The service itself had been quietly introduced to […]
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Deals

Israeli Payments Platform Melio Triples Valuation in New Raise

“Israeli payments platform Melio is raising capital at a valuation of $4 billion, in a round led by Thrive Capital, a venture capital firm owned by Joshua Kushner. Melio joined the unicorn club earlier this year when it raised $110 million at a valuation of $1.3 billion. The new investment round was revealed on technology […]
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Domains

JPMorgan Chase Aims to Build Zelle-like Network for B2B Payments

“JPMorgan Chase is trying to duplicate its success with peer-to-peer payments by providing a real-time option for businesses to pay each other and for consumers to make certain purchases. The bank has launched Request for Pay, which resembles JPMorgan Chase’s earlier effort to help spearhead the creation of Zelle. But where the latter serves as […]

On The Wires

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Deals

Melio Raises $250M To Fuel Expansion Of Its B2B Payments Platform And Forge New Partnerships, Tripling Valuation To $4B

“Melio , a leading B2B payments platform for small businesses, today announced it has raised an additional $250 million, tripling the company’s valuation to $4 billion since January 2021. The capital raised will accelerate the company’s expansion through partnerships with leading financial institutions, software providers, and marketplaces interested in enabling B2B payments for their customers.”
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Deals

Global Payments Agrees to Acquire MineralTree, a Leader in Business-to-Business (B2B) Software-Led Payments

“Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, today announced an agreement to purchase MineralTree, a leading provider of accounts payable automation and business-to-business (B2B) payments solutions, from an investor group led by Great Hill Partners, .406 Ventures and Eight Roads Ventures. MineralTree’s software-as-a-service (SAAS) offerings automate key […]
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Domains

Kyriba and Openpay Offer Smarter Payments Experience for US Based Clients

“Kyriba , a global leader of cloud-based finance and IT solutions, and Openpay Group Ltd. (ASX: OPY) (Openpay), a global diversified payments fintech Company, announced a strategic partnership to introduce Openpay’s OpyPro SaaS solution for B2B payments to Kyriba clients to improve their working capital performance and strengthen customer relationships.”
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Domains

GoDaddy Announces New Feature for the Hub: GoDaddy Invoicing and Payments for Pros

“GoDaddy Inc. (NYSE: GDDY ), the company that empowers everyday entrepreneurs, today announced GoDaddy Invoicing and Payments, a new feature in the Hub by GoDaddy Pro which enables easier and faster invoicing processing solutions for web designers and developers through a simple integrated user interface. This new innovation was made possible through technology acquired via […]
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Domains

“The State of Automation in Finance: What Comes After Digitization?”

“Yooz , the simplest, most powerful, and easiest-to-use Cloud-based Purchase-to-Pay (P2P) automation software company, commissioned the first edition of their global report based on the largest exclusive survey of over 1,000 Finance and Accounting decision-makers across eight countries (US, France, UK, Ireland, Spain, Switzerland, Luxembourg and Belgium). The findings will be unveiled on August 18, […]