Today in B2B payments, Limonetik’s CFO discusses breaking down silos, and HSBC creates an API developer portal with an eye on treasury. Plus, Fashinza discusses B2B payments in the apparel supply chain, Airbase raises $60 million and Yapily debuts a bulk payment service for small businesses.
CFOs Look Outside Their Silos To Optimize Order To Cash Flows
Weaving Resilient B2B Payments Through Apparel’s International Supply Chains
U.S. apparel brands need manufacturers that can offer sustainability, competitive pricing and production transparency. But their reliance on overseas partners can hamper those goals and cause B2B payment hiccups. Fashinza CEO Pawan Gupta tells PYMNTS how digital trade can mitigate risk for the apparel industry on a global scale.
HSBC Eyes Biz Banking Innovation With Developer Portal
Yapily Rolls Out Bulk Payments-As-A-Service For SMBs
Yapily, which works in providing open banking infrastructure, rolled out a new open banking bulk payments service with Comma, per a Tuesday (June 8) press release emailed to PYMNTS. The platform will allow for streamlining the process of bulk payments for U.K. businesses. It will give customers an application programming interface (API) connection which they can use to create a secure, safe bulk payments feature, which can be used by accounting, payroll and bookkeeper clients.
SMB Spend Management Firm Airbase Notches $60 Million
Expense management technology company Airbase, which focuses on serving small and medium-sized businesses (SMBs), notched $60 million in Series B funding at a valuation of $600 million. Menlo Ventures headed up the round, which includes Craft Ventures as a new investor, according to a Tuesday (June 8) announcement. In addition, Menlo Ventures Partner Matt Murphy is becoming a part of the Airbase board.
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