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Avalara Unveils eInvoicing Software For Tax Compliance In India

PYMNTS

The solution comes on top of the technology firm’s array of offerings to bolster the GST compliance experience for companies in the country, according to a Wednesday (Sept. The nation isn’t the first to implement an eInvoice requirement as part of more widespread initiatives to cut reduce financial crime. 16) announcement.

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Small Biz FinTech Leads End-Of-Summer B2B VC

PYMNTS

But it was a Singapore startup building out a holistic suite of small business financial services that landed the largest round this week, by far. Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week.

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FinTechs Take On Payment Rail Status Quo

PYMNTS

Below, PYMNTS looks at some of the other payments and financial technology companies that are either innovating on top of existing rails or looking to bypass those legacy networks altogether with entirely new solutions. Sila Raises Funding to Nix ACH. The company recently announced $7.7 Billhop Eases B2B Card Acceptance.

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Bitcoin Daily: Binance Denies Reports Of Police Raid; Blockchain Expands To Gaming Payments

PYMNTS

“The young demographic in India give[s] an edge to adopt and build on new financial technologies, and I believe this will play a vital role in making India a global blockchain innovation center to also spur cryptocurrency adoption throughout the larger public in the country,” said CEO Changpeng Zhao of Binance in a press release.

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FinTechs Find VC Favor Amid Collaborative Efforts

PYMNTS

“Unlike the broader VC market, early-stage FinTech companies have continued to attract a solid flow of capital in the U.S., national co-lead partner, venture capital practice. “At The Office of the Comptroller of the Currency has said in the past week that it has invited FinTechs to seek national charters.

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Bitcoin Daily: Bitcoin Rises After Recent Crash; IRS Delivers New Rules For Crypto Investors

PYMNTS

In other news, the SIX Digital Exchange (SDX) announced that it is joining forces with the Swiss National Bank (SNB) on a proof of concept to look into how digital central bank money could be used in the settlement of tokenized assets between market participants. “As percent rate.

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Bottomline CEO: How FinTech Gets Creative To Extend Coronavirus Relief

PYMNTS

It’s all hands on deck as companies across industries take measures to aid the national and global response to the coronavirus pandemic. For Bottomline Technologies , the opportunity emerged with Friday’s launch of the $350 billion Paycheck Protection Program (PPP) under the CARES Act. ”

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