News

B2B Payments
Study: 29% of B2B Firms Expanded Use of Online Sales Channels
November 03, 2021

Companies are looking to expand their digital presence, and many are even beginning to consider eCommerce as the dominant channel through which they interact with clients and business partners.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

IPO
Shares of S.Korea’s Kakao Pay Soar Over 150% on First Day of Trading
November 03, 2021

South Korean mobile payments app Kakao Pay soared out of the starting gate, more than doubling in its first day of trading on the Seoul stock market exchange, according to published reports. Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Notable Notches $100M Series B to Speed Adoption of Transformative Healthcare Technology
November 03, 2021

Healthcare automation company Notable has raised $100 million in a Series B funding round, according to a Wednesday (Nov. 3) press release. Led by ICONIQ Growth, the round saw participation from Greylock, F-Prime Capital and Oak HC/FT. Get the Full Story Complete the form to...

Investments
FinTech Business Insurance Startup Nimbla Raises $6.9M
November 03, 2021

FinTech business insurance startup Nimbla raised 5.1 million pounds ($6.96 million) in a funding round led by Silicon Valley venture fund Fin VC, with participation from Barclays Bank, according to a report from UKTN. Get the Full Story Complete the form to unlock this article...

Loyalty & Rewards
Panera Leverages Payment Companies’ Audiences to Expand Subscriber Base 
November 03, 2021

Free coffee is a tried-and-true perk, and American Express is leveraging consumers’ desire for that morning boost to drive signups. On Wednesday (Nov. 3), the company announced its new MyPanera+ Coffee Subscription Benefit, through which anyone who signs up for a consumer or corporate card...

Faster Payments
Hong Kong FPS Averages $667.9M in Daily Transaction Volume  
November 03, 2021

Three years after its launch, Hong Kong’s Faster Payment System (FPS) has reached nearly 750,000 daily transactions with a total volume of 5.2 billion Hong Kong dollars ($667.9 million), according to a report from the South China Morning Post.  Get the Full Story Complete the...

Cross-border Payments
China’s First Cross-Border eInvoicing System Integrates Local Business Into Global Supply Chain
November 03, 2021

Tradeshift, a California-based provider of e-invoicing and automated accounts payable (AP) and invoicing systems, has expanded its cross-border e-invoicing platform to enable companies with a base in China to send and receive electronic purchase orders and invoices with cross-border trade partners, according to a Wednesday...

B2B Payments
Today in B2B: Square, LegalZoom Team on SMB Payments; Hoteliers and Travel Sellers Get More...
November 03, 2021

Today in B2B payments, Square and LegalZoom are getting together to streamline SMB payments, and PYMNTS research shows 15% of B2B receivables are overdue. Plus, Comdata and RoadSync are teaming up to pair mobile payments and checkout platforms, while Katanox and Oracle are helping hoteliers...

Investments
Wholesale Marketplace Abound Nets $36.7M in Series B
November 03, 2021

Wholesale marketplace Abound raised $36.7 million in a Series B funding round led by D. E. Shaw group, with additional support from PointState Capital, Left Lane Capital, RiverPark Ventures and All Iron Ventures. Get the Full Story Complete the form to unlock this article and...