Today in B2B payments, Flexbase adds B2B buy now, pay later (BNPL) to its super app for businesses, Kyriba introduces an artificial intelligence (AI)-powered cash-management tool and Zaggle launches a product that streamlines B2B payments and manages cash flow.
Plus, DotPe has raised $58 million to add B2B financial services to its offline-to-online commerce platform.
Flexbase Adds B2B BNPL Option to Its Solutions for Merchants
Flexbase, a finance super app for businesses, is now offering B2B merchants a BNPL solution called Flexbase Pay.
“We enable B2B merchants to experience all the benefits of BNPL, including increasing their revenues significantly and increasing business customer loyalty, while taking the task of underwriting and credit collections off their plates,” Flexbase CEO Zaid Rahman said in a press release.
FinTech Kyriba Debuts AI-Powered Cash Management Platform
Software-as-a-Service FinTech Kyriba has added an AI-powered cash-management tool to its array of cloud-based finance and information technology tools. The company said in a press release that the tool, called Cash Management AI, uses data science to predict cash availability “with increased speed, control and reliability” and “improves companies’ cash management and forecasting capabilities.”
Indian FinTech Zaggle Launches AP, Credit Card Payments Platform
Zaggle, an Indian FinTech firm, has launched a product called Zoyer, which brings accounts payable (AP) and credit card payments together on a single platform. IBS Intelligence reported the platform simplifies and automates B2B payments for small- to medium-sized businesses (SMBs) and enterprises, streamlining B2B payables and enabling effective management of operating cash flows and business performance.
Indian Commerce Platform DotPe Raises $58M to Add Financial Services
Indian offline-to-online commerce platform DotPe has reportedly raised $58 million in a Series B round, and said it plans to add B2B financial services to its offerings. Money Control reported that DotPe also said it plans to use the new investment to triple the number of merchants using the platform over the next two or three years, after that number tripled over the previous three years.
Swedish Last-Mile Delivery Firms Instabox, Budbee Intend to Combine
Swedish-founded last-mile delivery companies Instabox and Budbee have announced that they intend to join forces under a new holding company called Instabee.
The firms said in a press release that as a combined company, they will be able to pool their know-how, compete with state-owned players and well-funded competitors, leverage synergies in operations, share technology and further invest in “consumer-centric and sustainable last-mile delivery services for the eCommerce sector.”
DOZR CEO Says BNPL Doubles Net Terms for Construction Rental Marketplace Buyers
Cash flow is a significant challenge in the construction industry, and the CEO and co-founder of construction equipment rental marketplace DOZR, Kevin Forestell, told PYMNTS’ Karen Webster that DOZR’s new B2B financing option has made buyer/supplier relationships much more customer-focused.
“We’re very, very customer-obsessed and we kept thinking — ‘Hey, the contractors are squeezed for cash flow, and if there’s a way that we can help them, we want to find it,’” Forestell said.
Ocean Shippers Looking to Offer Air-Freight Options
Amid logistics challenges and supply chain hurdles, companies that ship cargo on the seas are reportedly looking for ways to offer customers shipping in the skies.
CNBC quoted Moller Maersk Head of Air Freight Michel Pozas Lucic as saying, “We are finding out more and more that our customers really need an end-to-end logistics solution. They’re looking for this one-stop shop that takes away not only the complexity of the logistics, but also makes it an optimized, efficient and effective solution.”
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