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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

percent through 2028, according to Boston Consulting Group. 5) that it is integrating AvidPay into its BankTEL product suite, which is designed for financial institutions (FIs) to manage accounting and expenses. Revenue growth in the business payments sector is expected to grow by around 5.6 The company announced on Thursday (Dec.

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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

The takeover signaled an evolution of the company's business model from a traditionally business-to-consumer (B2C) seller, to one that includes business-to-business (B2B) operations. According to Goldman Sachs, the B2B payments space will see volumes topping nearly $200 trillion by 2028, more than five times the volume of B2C payment flows.

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Study Finds Trucking Company Bankruptcies Increased In 1H 2019

PYMNTS

The shortage could top 100,000 drivers in five years and 160,000 drivers in 2028. Operating costs are up, and spot pricing is down. The trucking shortage is now in the tens of thousands of positions, according to American Trucking Association Chief Economist Bob Costello, as reported by USA Today.

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5G & The Future Of Connectivity: 20 Industries The Tech Could Transform

CB Insights

From enabling remote robotic surgery and widespread adoption of autonomous cars to improving crop and livestock management, 5G is poised to disrupt a plethora of the world’s biggest industries. With more connected smart grids, energy management will become more efficient, reducing electricity peaks and energy costs overall.

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FinServ Starts To Draw The Line Between Freelancer And Small Business

PYMNTS

workforce by 2028, and already 16 million individuals are participating in the gig economy. trillion in earnings in 2018 alone, according to the Tracker, financial service providers have a massive opportunity to help these professionals manage their money. Gig workers are facing significant money management challenges, too.