Today in B2B payments, Worldpay explores DeFi’s opportunity in B2B payments, and the SBA takes over PPP loan forgiveness. Plus, Liquid Group discusses real-time corporate payments, Xepelin debuts small business lending operations, and MedPay raises funding for B2B payments in the health insurance industry.
DeFi Propels Crypto’s Path Toward Solving B2B Payments Pain Points
Reframing Real-Time Payments for the Corporate End User
Real-time payment innovators have begun to promote the technology’s transparency and data as key value propositions for corporates. But Liquid Group CEO Jeremy Tan says speed can indeed be important for business end-users. He tells PYMNTS how reframing payments can help firms optimize their revenue strategies.
SBA Takes Over PPP Loan Forgiveness
LatAm’s Xepelin Debuts SMB Lending, Revenue Service
Xepelin, a Chilean FinTech that provides an online financial services platform for small to medium-sized businesses (SMBs), has raised $30 million in equity and another $200 million in credit facilities, TechCrunch reported. The platform is geared toward companies in Latin America. On its website, Xepelin stated, as translated by Google: “We dream of a market where there are no entry barriers for financing [SMBs] in Latin America. We leverage our technology to offer the best possible conditions and user experience. Our risk model evaluates an operation in seconds, which allows us to finance any [SMB] on the same day.”
India’s MedPay Nets $1.2M to Link Insurance, Healthcare Payments
MedPay, an Indian company that says it uses artificial intelligence to provide quick payments from health insurance companies to providers such as doctors or pharmacies, announced that it raised $1.2 million in an early venture round. The investors, according to a MedPay news release, are Entrepreneur First and GrowX Ventures.
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