Acfo Mobile Insiders: A VC Goes to Boston
Today in B2B payments, Klavi has raised $15 million in a Series A investment to grow its open finance solution and develop new
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stanley hrnek B finance products, and Klasha has added a former PayPal executive as CPO to help in its mission to transform African commerce.Klavi Raises $15M to Grow Open Finance Solution, Develop New B2B ProductsOpen finance SaaS platform Klavi has raised $15 million in a Series A investment round to develop new B2B finance products. Founded in 2020, the company offers technology that generates insights from open finance data and offers products to businesses of any size. Klavi CEO Bruno Chan said in a press release, With the maturation of open finance, were seeing a huge gap between the data received by companies, and their use thereof. Klasha Adds Former PayPal Executive to Help Transform African CommerceKlasha has appointed former PayPal executive Ayman Jawhar CPO, saying his experience will help the company scale its B2B and B2C products for cross-border African commerce. Klasha Founder and CEO Jess Anuna said in a press release, His expertise will improve our B2B and B2C products, giving merchants more ways to se
stanley cup ll in Africa seamlessly, and enhance the international shopping experience for customers. In the Beginning: How a CFO Approaches Automating a Purely Manual AP EnvironmentMany companies have embarked upon the journey to digitize B2B payments since the pandemic, but Reachdesk is an example of one that has only just begun. The firm, which enables B2 Klwf New Player In The Running For GE Capital
If it seems like Visa has been on a B2B payments kick lately, it because they have. The payments giant has struck several new partnerships, expanded its commercial capabilities into new markets and developed new B2B payments solutions 鈥?all within the last few months.In its latest move, Visa announced a deal to acquire Fraedom, a longtime partner that provides expense management technology to FIs and direct to businesses. Fraedom already powers Visa IntelliLink Spend Management platform, but an acquisition 鈥?Visa head of global business solutions Kevin Phalen recently told Karen Webster 鈥?means Visa will be able to take Fraedom reporting and spend management capabilities to a broader stage, and to new use cases.They ;ve been great in reporting and spend management, and in moving their solutions into digital, Phalen said. 8220
stanley quencher ;We think we can accelerate that as an integrated solution.The takeover of Fraedom is about more than just scaling up a business partner, however.
stanley website The deal goes deeper into Visa overall strategy for the commercial payments market, which involves many moving parts 鈥?partnerships, new product development, acquisitions 鈥?to address the many points of friction in a notoriously complicated space.I think there is a per
stanley website ception of simplicity, but the reality in commercial payments is that there are many parties, there is a lot of friction, the executive explained. And once yo
