On The Web

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Deals

iBanFirst raises $23.8 million for its borderless financial services

June 11 2020

• in
• B2B
• Cross-border payments

“Just like TransferWise is helping people and freelancers move money around the world, iBanFirst is solving a similar issue but for small and medium companies. And it turns out that it creates a different set of challenges. After creating an iBanFirst account, you can make cross-border payments in 30 currencies. The startup partners with local […]

On The Wires

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Domains

MineralTree Expands AP Automation for International Invoices & Payments

June 11 2020

• in
• B2B

“MineralTree, a market-leading accounts payable (AP) and payment automation solution provider, today announced the availability of new end-to-end multi-currency capabilities for middle-market businesses. The offering equips users to automate the capture, processing, and approval of international invoices from around the world leveraging the same platform and workflow they use for domestic invoices. It also syncs […]

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Domains

Payment Terms, Shipping and Online Trade Shows on Alibaba.com: Three New Ways U.S. Businesses Are Accelerating Digitalization Amid Pandemic

June 3 2020

• in
• B2B

“As American small and medium-sized businesses (SMBs) fight through the challenges of COVID-19, Alibaba.com, one of the world’s largest B2B ecommerce marketplaces and a business unit of Alibaba Group, unveiled three new products and services to help these businesses advance their efforts to digitize and pivot online. The products and services include Alibaba.com Freight to […]

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Domains

GoCardless and YayPay Form Partnership to Address YayPay’s Growing Global Customer Base

June 2 2020

• in
• B2B

“GoCardless, the leading fintech for recurring payments, today announced a strategic partnership with YayPay, a leading predictive accounts receivable (AR) automation solution. This wide-ranging partnership will see YayPay integrate GoCardless’s global network with its AR offerings to provide direct debit payments to its expanding base of customers in North America and Europe. By offering bank […]

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Domains

Coupa Acquires Treasury Management Leader BELLIN Group

June 12 2020

• in
• B2B

“Coupa Software, a leader in Business Spend Management (BSM), today announced that it has acquired BELLIN Group, a leading provider of treasury management software (TMS). With a long history in treasury, BELLIN’s cloud-based TMS platform improves visibility and control over cash and optimizes treasury processes. The acquisition will extend Coupa’s value within treasury, payments, and […]

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Domains

Boost Payment Solutions Collaborates With BMO Harris Bank to Deliver Automated B2B Payment Solutions to Its Corporate Card Clients

June 26 2020

• in
• B2B

“Boost Payment Solutions, Inc., the leader in optimizing the use and acceptance of commercial cards, announced today a strategic collaboration with BMO Harris Bank. Boost will now provide straight-through processing (STP) technology to extend BMO Harris Bank’s Approve2Pay® Corporate Card solution with automated processing, enhanced remittance reporting, and operational efficiencies for both buyers and suppliers.”

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Domains

E-payment Adoption, Supplier Enrollment Hit Record Highs in the AvidPay Network

July 1 2020

• in
• B2B

“AvidXchange , the leading provider of accounts payable (AP) and payment automation solutions for the middle market, is experiencing record high e-payment adoption rates in the AvidPay Network as businesses look to pay bills remotely and reduce their reliance on shipping and mailing services. More than 300,000 of AvidXchange’s +680,000 suppliers are now accepting e-payments, […]

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Deals

WEX Announces a $400 Million Investment From Warburg Pincus and Amendment to the Credit Agreement

June 29 2020

• in
• B2B

“WEX Inc., a leading financial technology service provider, announced today it has agreed to a $400 million dollar investment from an affiliate of Warburg Pincus LLC (together with its affiliate, “Warburg Pincus”) which includes convertible notes in an aggregate principal amount of $310 million and $90 million in common stock through a private placement (the […]

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Domains

EedenBull and Mastercard Extend Strategic Partnership Into Asia Pacific

June 29 2020

• in
• APAC
• B2B

“Building on a partnership in Europe, the expanded relationship with Mastercard will support the rollout of Eedenbull’s new commercial cards platform to banks looking to tap into vast opportunities in the Asia Pacific business-to-business payments market. Based in Norway, Scotland and Singapore, EedenBull is a technology-agnostic innovation company built by banking, payment and technology professionals.”

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Companies

American Express Launches First Automated Accounts Payable Solution: American Express One AP™

July 14 2020

• in
• American Express
• B2B

“American Express launched American Express One AP™, the company’s first proprietary automated accounts payable (AP) solution that enables U.S. businesses to process supplier payments more easily and efficiently. The new American Express One AP, which is built on the technology acquired as part of the company’s purchase of acompay™ in 2019, offers complete end-to-end payment […]