Payments News

On The Web

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Deals

Payments Firm AvidXchange Files for U.S. IPO

“AvidXchange Holdings Inc is looking to raise up to $506 million in a U.S. initial public offering (IPO), according to a regulatory filing on Monday, that could value the business payments firm at about $4.4 billion. The company, which is backed by billionaire Peter Thiel, was valued at $2 billion in a funding round in […]
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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 […]

On The Wires

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Deals

FreshBooks Announces Acquisition of Germany-based FastBill, Accelerating Global Expansion

“FreshBooks , a leading cloud accounting software provider with paying customers in 160+ countries, announced today the acquisition of FastBill, one of Germany’s leading cloud accounting and invoicing software solutions. Founded in 2011 in Frankfurt, Germany, FastBill helps self-employed professionals, small businesses, and startups maintain better control of their finances through electronic invoice management, reporting, […]
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Deals

Sage Announces Acquisition of GoProposal to Help Accountants Accelerate Practice Management in the Cloud

“Sage, the market leader for cloud business management solutions, has acquired GoProposal, a U.K.-based provider of proposal management software for small and mid-sized accountancy firms. This acquisition – the fourth fintech investment by Sage in the last 12 months – reflects Sage’s commitment to delivering ongoing innovation to its accounting partners, as cloud technologies continue […]
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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.”