Fintechbits

Topic

B2B Payments news

B2B payments covers how businesses pay each other and control what they spend. Fintechbits tracks accounts payable and receivable automation, invoicing, corporate and virtual cards, expense and spend management, supplier payments and corporate treasury. It is a separate hub from payments because the problems are different: consumer payments is about authorisation and settlement in seconds, while business payments is about approval workflows, reconciliation and terms measured in weeks. Coverage includes Ramp, Brex, Bill, Navan, Melio, Tipalti and Modern Treasury, and the banks and card issuers behind them. Payroll is covered here, since it is the largest recurring business payment most companies make.

Latest developments

Circle agreed to acquire cross-border payments firm Tazapay for base consideration of $400 million in Class A shares, a deal that needs approval from Singapore's central bank. Berkeley Payment Solutions will give more than 500 business clients access to CADD, a Canadian dollar stablecoin, while KAST launched KAST Business after an $80 million raise. Parafin and Tekion launched a B2B BNPL product for auto dealership invoices, underwritten on cash flow instead of a personal credit score.

Summarised with AI from the Fintechbits articles above and checked against them. How we use AI

Latest b2b payments coverage