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B2B FinTechs Start 2020 Strong With More Than $1B In VC Funding

PYMNTS

Venture capital (VC) is not easily available to every startup, but this week, VC investors hinted at a big year ahead for the B2B FinTech space. In its oversubscribed series A funding round, OnPay , a Georgia-based payroll software startup, secured $6 million, the company said this week. Flutterwave. AvidXchange.

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COVID-19 Sees More Online Grocers Accept EBT SNAP Payments For Food

PYMNTS

The latest such move came from Instacart and ALDI, which announced they would allow customers to pay for same-day delivery or pick up food orders using their EBT SNAP (Supplemental Nutrition Assistance Program) cards. In May, global payments processor and FinTech Fiserv announced it was also taking part in the USDA’s pilot program.

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How Automated Authentication Helps Propel SMB Loan Disbursements

PYMNTS

The challenges that led FinTechs to enter this space after the 2008 financial crisis still persist, however, motivating SMBs to demand their loans from these entities be quick and digital. Marrying the security required by the U.S. The Speed and Security Balance. government-supported Paycheck Protection Program (PPP) loans.

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B2B eCommerce Tips The VC Scales

PYMNTS

million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. DiviPay offers a virtual card generation tool that enables businesses and their managers to oversee employee spend, set controls and analyze expense behavior. Australia’s ANZ Bank led a $1.56

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Watch 10 Fintech Startups Pitch at FIS Demo Day 2020 (April 14)

Fintech Labs Insights

In the past 5 years, FIS’s accelerator has helped 57 startups find product/market fit in the difficult-to-get-started fintech world. Cirrus Secure 7-minute demo @FIS Fintech Accelerator Demo Day. Cirrus Secure. Description: Secure document portal for lenders. Award: MVP of the FIS 2020 Fintech Accelerator.

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June’s Top 12 Mobile Pay Moments

PYMNTS

On June 9, JPMorgan Chase recently announced that it secured a multi-year deal with Shell to accept Chase Pay at all of its gas stations. Now, as part of its new deal with Shell, it appears Chase is on its way to securing more support for its mobile wallet service that’s likely to be launched into market soon. million users in 2016.

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How 60+ Startups Are Disrupting Retail And Commercial Banking Around The World

CB Insights

We define startups disrupting banking broadly to include mobile-first fintech companies that primarily focus on leveraging technology and software to digitize and streamline retail and business credit, checking, and savings accounts. Revolut has been aggressively iterating on its products and blurring fintech business lines.

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