Hzhf Revolut Granted Permission to Delay Filing 2022 Accounts
Today in B2B payments, Melio secures funding for its B2B payments technology, while Expensify enhances its invoicing capabilities. Plus, Volvo collaborates on service and repair B2B payments, ClassWallet launches maintenance expense technology and Corcentric unifies previous acquisitions.Melio Notches $110 Million To Digitize SMB PaymentsMelio, a digital payments company for small and medium-sized businesses SMBs , has raised an additional $110 million in funding, putting its valuation at $1.3 billion, the co
stanley ca mpany said聽in a press release Monday Jan. 25 . The latest fundi
stanley thermoskanne ng round was led by聽Coatue. Investors from previous rounds include Accel, Aleph, Bessemer Venture Partners, Corner Ventures, General Catalyst and Latitude. In 2020, Salesforce and American Express Ventures had also invested.Expensify Upgrades Invoicing Feature To Help Manage ARTo help customers handle their accounts receivable AR while conserving time and financial resources, pre-accounting technology company聽Expensify聽unveiled a bolstered invoicing feature. The upgrade comes on the heels of the company announcing support for bill payments, according to a Monday Jan. 25 聽press release. Expensifys SmartScan technology gets information from supplier bills for approval and payment with the same infrastructure developed for expenditures.Volvo Teams With Payer For Service And Repair B2B OptimizationVolvo Financial Services聽
stanley borraccia VFS , the captive financing arm of Volvo Group, has announced that聽Payer聽will help it o Qshl Quovo Raises $10M In VC Funding To Accelerate Growth
Faster and real-time payment initiatives broke new ground in 2017, but so far, B2B payments has yet to really find its place in an accelerated world.In December PYMNTS Faster Payments Tracker, powered by NACHA, the numbers on faster payments in the U.S. presented a clear picture of growing adoption of the capability. 2017 was the year that The Clearing House TCH Real-Time Payments RTP system went live, and NACHA said nearly 2 million same-day ACH debits were made in the first 11 days of the service.Together, those transactions were worth about $1.5 billion, but B2B payments made up just 6 percent of that volume. The rest was the result of consumer-to-business聽 C2B and peer-to-peer P2P transactions.Industry players still expect faster and real-time payments to gain traction in the B2B space, though, especially as more solutions like Zelle launch and as more B2B use cases for those tools emerge. In the U.S., closer attention to faster payments capabilities among NACHA, TCH, the Federal Reserve and others means continuing growth in the use of the technology in 2018.And, as the U.S. continues along its faster payments path, it will be watching other markets with more mature faster payments services.Where B2B Payments May BenefitThe U.K. is one of them. The country Faster Payments Service has be
kubki stanley en in o
stanley termos peration for several years. Myles Steph
stanley polska enson, CEO of Modulr Finance, recently told PYMNTS his predictions for how B2B payments may gain further tracti
