On The Web

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Deals

Ramp Secures $150M Debt Line From Goldman Sachs As the Corporate Spend Market Grows

February 10 2021

• in
• B2B

“This morning Ramp , a startup that competes in the corporate spend market, announced that it has secured a $150 million debt facility with Goldman Sachs. Ramp previously raised a $30 million Series B in late December 2020, after raising a $23 million Series A earlier in the same year.”

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Domains

Lightspeed and Max Levchin Bet on Balance to Bring B2B Payments Into the Digital World

February 3 2021

• in
• B2B

“Balance offers efficient B2B payments that allows merchants to offer a variety of payment methods including ACH and bank wires as well as a variety of payment terms including payment on delivery, net payment terms, and payment by milestone. Behind the scenes, Balance underwrites the terms of those transactions requiring financing by evaluating the risk […]

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Companies

Visa Signs Goldman to B2B Connect, CEO Outlines Digital Currency Strategy

January 29 2021

• in
• B2B
• Visa

“Yesterday during Visa’s first-quarter earnings call, CEO Al Kelly spoke about its blockchain-based Visa B2B Connect solution and outlined its digital currency strategy. The news is that Goldman Sachs has signed on to use Visa B2B Connect, which links with 80 markets. Visa B2B Connect is a corporate payment solution for cross border payments intended […]

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Domains

Corporate Card Startup Mooncard Challenges American Express in France With Miles

January 27 2021

• in
• B2B

“French startup Mooncard is partnering with Flying Blue to offer Air France miles to its customers. This is the first time you can earn miles with a payment card in France that isn’t an American Express card. Mooncard provides corporate payment cards to streamline your expenses. Most companies in France don’t use corporate cards. But […]

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Deals

B2B Payments Startup Melio Reaches $1.3B Valuation Following $110M Series C2

January 25 2021

• in
• B2B

“Melio, a fintech company with a presence in New York and Israel, is giving small businesses a way to digitally manage their business-to-business payments and receivables. “We are an accounts payable and accounts receivable tool to enable them to pay any vendors and also let them get paid by business customers,” Melio co-founder and CEO […]

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Domains

Expensify in Talks With SPACs About a Potential Merger

January 20 2021

• in
• B2B

“Expensify, a startup that sells expense management software, has been in talks with special purpose acquisition companies about a possible merger to take it public, say two people familiar with the discussions. The 13-year-old software company is also considering a direct listing with an accompanying capital raising, said one of the people.”

On The Wires

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Domains

Bottomline Announces Payments and Cash Lifecycle Platform

February 9 2021

• in
• B2B

“Bottomline (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, unveiled expanded corporate treasury capabilities as part of its integrated Payments and Cash Lifecycle Platform. The platform empowers financial managers to optimize cash, liquidity and working capital with a unified solution combining payables, receivables, and treasury management, […]

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Deals

Mesh Payments Raises $13M to Transform the Way Companies Manage Corporate Payments Without Corporate Cards

February 9 2021

• in
• B2B

“Mesh Payments brings corporate payments into the 21st century by embedding a cardless payments solution into the day-to-day organizational flow of a company, integrating into existing organizational systems. Mesh enables full control and real-time visibility for corporate finance teams and streamlines payment activities across multiple department processes (IT, HR, Marketing, etc.) enabling organizations to better […]

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Domains

City National Bank Joins With Extend to Launch Virtual Visa Commercial Credit Card Solution

January 29 2021

• in
• B2B

“City National Bank, America’s Premier Private and Business Bank®, today announced that it has joined with New York City-based fintech startup Extend to launch a virtual Visa commercial credit card solution that is able to generate true virtual cards on demand that can easily be added to Google Pay and Apple Pay mobile wallets for […]

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Deals

FLEETCOR Acquires Cloud Software Platform Provider of B2B Online Bill Payment

January 28 2021

• in
• B2B

“FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has acquired Roger, a global accounts payable (AP) cloud software platform for small businesses. The acquisition will extend FLEETCOR’s portfolio of accounts payable automation solutions to small businesses, helping them automate their manual payment processes.”