Construction industry software firm Constrafor has raised $264 million in a Series A round. The funding round, announced Wednesday (Nov. 27), will help the company expand its technology platform, designed to improve the relationships between subcontractors and general contractors (GCs). “Constrafor is dedicated to tackling...
HSBC has launched a platform for managing domestic and international business payments. The new Smart Transact provides a single platform that lets businesses manage their transactions and access a current account, domestic and cross-border payment capability and the HSBCnet global banking platform, the bank said...
B2B payments remain tied to legacy systems, but emerging solutions are setting the stage for a more agile and responsive payment ecosystem. As businesses navigate an uncertain economic environment marked by fluctuating interest rates and persistent inflation, the timing of B2B payments modernization is just...
The death of the paper check may be a ways off — certainly that’s the case with B2B transactions. In interviews with PYMNTS, executives have noted the fact that nearly half of commercial transactions are done through checks. Through PYMNTS Intelligence’s own reports, we’ve found...
For the longest time, moving money for business or consumer purposes was a manual, analog affair. In some quarters, it still is. But for the most part, money movement has shifted to digital channels. Trillions of dollars cross online platforms every second of every day,...
Mastercard has joined forces with Fundbot, a United Arab Emirates (UAE)-based supply chain financing FinTech. The collaboration, announced in a news release Thursday (Nov. 21), is designed to streamline business-to-business (B2B) payment flows via a new platform linking buyers and suppliers. “Rolled out initially in...
True digital transformation in B2B payments requires more than just new technology. It demands an understanding of both sides of the transaction and the ability to simplify complexity without creating new friction points. Against this backdrop, Boost Payment Solutions Chief of Staff Sam Silver told...
Unlike consumer payments, where streamlined experiences reign supreme, business-to-business (B2B) transactions are fragmented and slow-moving. But companies like Finexio are stepping up to transform this complexity with integrated, artificial intelligence (AI)-powered solutions that drive efficiency and reduce costs. As digital transformation becomes vital, many businesses...
During the chaotic holiday season, delays can derail operations. Streamlined logistics, on the other hand, can make peak periods immensely profitable. And as the holiday season peeks its head around the corner, businesses are bracing themselves for the surge in spending — potentially $240.8 billion in the...
