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Citi Debuts Mobile App For Companies Seeking Capital

PYMNTS

Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. It will allow for constant visibility for receivables available for discounts, payment status and transaction history.

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Japan’s Payments Firm Hey Nets Series E Funding Led By Bain Capital

PYMNTS

Japanese eCommerce and payments platform hey announced a Series E investment led by Bain Capital , a press release says. The round was also supported by PayPal Ventures , Goldman Sachs, YJ Capital, Anatole, and existing investor World Innovation Group, according to the release.

Capital 194
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Brex Notches $150M To Advance Expense Management Tools

PYMNTS

FinTech startup unicorn Brex has closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said in a statement on Tuesday (May 19). Brex is tapping the new funds for engineering and design to advance its tools for expense management and procurement. “We

Tools 142
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FinTech Innovation Eases B2C Sellers’ Entrance Into The B2B World

PYMNTS

There’s a huge opportunity [in B2B payments] for businesses that have traditionally focused on the consumer,” David Disque , president of Corporate Spending Innovations (CSI), said in an interview with Karen Webster. While an attractive proposition, the shift into the B2B world can’t happen at the flip of a switch.

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Personal Capital-BancAlliance Deal Brings Wealth Management to Smaller Banks

Bank Innovation

Wealth management has historically been a good source of revenue for banks, but it carried a significant cost, too. A new deal announced this week between wealth management firm Personal Capital and BancAlliance, a network of 200 Read More.

Capital 150
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SaaS Enjoys Venture Capital Boom

PYMNTS

The companies range from product life cycle management solutions to those that help other SaaS firms retain clients. million , news reports this week said, from Grotech Ventures, Middleland Capital, the Center for Innovative Technology and Charlottesville Angel Network. Here are all the top B2B FinTech deals from the week.

Capital 162
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These 12 Startups Are Competing in the Demo Contest at Bank Innovation Ignite

Bank Innovation

The 12 startups demoing to try to win the “best in show” award at Bank Innovation Ignite have been unveiled. Community Capital Technologies, Denizen Financial, Diro Inc., The startups are:[link] Avocado Payments, Budgit Inc., Exagens Corp., Fintel Labs, iGTB, JUDI.AI, KapitalWise, OpenDoor Securities, and Operant.AI