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Small Biz FinTech Leads Week’s B2B Funding Roundup

PYMNTS

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Below, PYMNTS breaks down the latest in B2B FinTech funding. Meanwhile, logistics, data analytics, and business travel technologies also won over investors.

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Small Biz FinTech Leads End-Of-Summer B2B VC

PYMNTS

million was placed with B2B FinTechs this week. 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. Also operating in India, supply chain financing FinTech Cashflo revealed $3.3

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Revolut Taps JPMC To Raise $1.5B For Global Expansion

PYMNTS

FinTech company Revolut wants to raise as much as $1.5 Late last month the company announced it was expanding its partnership with Visa to include five new regions in 24 markets including Canada, Japan, Singapore and the U.S. billion so that it can expand globally. bringing Revolut’s total global footprint to 56 markets.

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Asia Pacific Ramps Up eProcurement Push

PYMNTS

Latin America is often considered to be the world leader in electronic invoicing thanks to government mandates, but the Asia Pacific region is quickly gaining steam in its eInvoicing efforts, too. on the benefits of an eInvoicing mandate, noting that it would address the nation’s current tax challenges. On Monday (Aug.

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Visa On Tap To Pay, Cash Displacement And B2B Payments

PYMNTS

McInerney also pointed to government to consumer (G2C), which is a “more nascent” market, with presence in government benefits and tax refunds. Chris Clark, executive vice president and regional president for Asia Pacific, said that cash and check are 48 percent of personal consumption expenditure (PCE) and that equates to $6 trillion.

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Tech Center: EU’s Capital City Grows Tech Reputation

PYMNTS

The region is also home to an active and fast-growing startup scene. Brussels the third wealthiest region in terms of GDP per capita due to this number being twice as high as the European average. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016). environment.

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SMBs Remain Hot Spot For Open Banking Business Models

PYMNTS

As the open banking business model permeates into the B2B financial services market, FinTechs and traditional financial institutions continue to find new use cases for API integrations and connectivity to elevate the business-user experience. In the latest demonstration of FinTech-to-FinTech integration, U.K.

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