Today in B2B payments, Live Oak Bank adds 10 lenders to its general Small Business Administration (SBA) lending team, while ACI Worldwide’s former corporate online banking unit becomes an independent company. Plus, everphone raises $32 million for Phone-as-a-Service, while a merger creates an end-to-end digital solution for the lumber industry.
Live Oak Bank Expands SBA Lending Program
Live Oak Bank has announced that 10 lenders have joined its general SBA lending team in the first half of 2022. Live Oak Bank President Huntley Garriott said: “We continue to build a phenomenal team of SBA lending experts who have deep market knowledge and broaden our reach across the country to get capital into the hands of America’s entrepreneurs.”
Former ACI Worldwide Banking Unit Debuts as FinTech Firm Dragonfly
Digital banking and treasury management FinTech company Dragonfly Financial Technologies has launched as an independent company after the completion of private equity firm One Equity Partners’ acquisition of payments software provider ACI Worldwide’s corporate online banking unit. Dragonfly CEO Johan Roets said: “Now we have the independence, focus and investment to accelerate our product road map and bolster our overall customer success experience.”
Everphone Raises $32M to Grow Phone-as-a-Service
Berlin-based Phone-as-a-Service company everphone has raised 32 million euros (about $32 million) in an expanded Series C funding round, which it will use to continue to expand globally, develop its products and increase the number of devices in service. The company offers a subscription service in which it procures, manages and maintains firms’ mobile phones, tablets and laptops.
Tech Startup Mickey Merges With B2B Marketplace MaterialsXchange to Form Lumber Exchange
Mickey, a tech startup digitizing the trading of physical commodities, has joined with MaterialsXchange, a B2B eCommerce and digital marketplace matching lumber buyers and sellers. Mickey Co-Founder and CEO Alex Rabens said: “Combining [MaterialXchange’s] experienced team and platform with our back-end technology, we have created a true, end-to-end solution for the lumber market — as well as other commodities in the long term.”
US Bank’s Elavon Adds POS Platform That Handles Payments, Analytics
U.S. Bank subsidiary Elavon has launched a point-of-sale (POS) platform for small businesses called the talech Register that handles both payments and businesses’ analytics. Elavon CEO Jamie Walker said: “The talech platform really is about making it easier for small business owners to get the information they need to make better decisions, especially in a rapidly changing economy.”
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