Teampay, an all-in-one purchasing platform, has raised $47m in Series B funding to bolster its accounts payable solutions and expand cross-border payment capabilities. Tradeshift is a flexible, business commerce platform to digitally connect companies through cloud-based, collaborative accounts payable and procurement automation. Companies can buy, sell, and tailor B2B solutions to meet individual needs.
Which provides payroll, benefits and human resources administration to companies. • Pakistani FinTech deal activity reached 24 deals from Q1-Q and is on track to decrease tripleblind 24m series 16% based on activity in the first… Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
In the largest funding round of the week, consulting and research firm MarketsandMarkets announced $56 million from FTV Capital, with participation from Zodius Capital. As the firm’s first institutional capital, MarketsandMarkets said it will use the funds to expand globally, with a focus on U.S. and Europe. FTV Capital is investing in technology company Plate IQ, betting that more organizations will want to automate vendor payments, a process that got a boost amid the Covid-19 pandemic and recent labor shortages. Fenbeitong is a fintech company focused on enabling SMBs across expense management solutions. Moreover, Fenbeitong also manages to enable challenger banks in small financing, deposit, and remittance business, more like Alipay B2B service. Over 40% of our current customer base signed up after the pandemic started in March 2020.
Tipalti provides a cloud based technology platform aimed at mid-market companies, who have traditionally been underserved by banks, to streamline all phases of the global accounts payable workflow. The solution streamlines and optimizes businesses’ end-to-end global payables workflow, while giving companies access to cross border payments, currency conversion, and payments across a wide range of methods. We simplify everything from invoice management to payments for both recurring and one-time expenses with a cloud-first approach that enables remote work. As pandemic-related supply chain woes mount, a gap is growing between vendor expectations of receiving payment and businesses’ ability to process and pay invoices on time. LodgeLink offers a digital B2B workplace travel platform that connects hotels, remote camps and lodges, ground transportation and airlines, duty of care, and other service providers with businesses seeking crew-transportation solutions. The startup’s platform facilitates workforce logistics management to provide visibility and cost control, with the goal of creating efficiencies for accounts payable technologies and consolidating payments for an organization’s crew travel.
That means more companies than ever are shifting to online accounts payable, payments and reconciliation. Come help us build a new world where finance professionals can get their work done remotely. Kaul, who has led Plate IQ as chief executive officer since 2014, will now transition to the role of president.
The platform offers services like invoice management, bill payments, invoice insights, spend management, and analytics. It also offers cloud-based data storage, enabling restaurants to track costs and finance. Restaurant accounts payable automation and payments platform Plate IQ has raised $160 million in Series B funding from FTV Capital, a sector-focused growth equity investment firm.
Looking for reliable business phone service for your company, but aren’t sure which service is best for you? When readers purchase services discussed on our site, we often earn affiliate commissions that support our work. Bloomberg Technology The only daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. Solid claims the funding round will speed up its expansion into FinTech-ready verticals including travel, logistics, construction, healthcare, education, and the gig economy.
Lystable has already secured Series A funding, but reports said week said the Ireland-based company raised an additional $10 million for its solution, which makes it easier for companies to pay freelancers. The firm said the latest cash injection will be used to help shift its business model and refocus more on payments. Valar Ventures led the latest round, while existing investors SciFi VC, Kindred Capital and Goldcrest Capital also participated, according to reports. New backers Flynn Capital and Wilmont Ventures joined in on the latest round, which brings the total of Series A funding raised by Lystable to $21 million.
The funds will be used to continue developing its underlying technology, Airpay said, and to focus on sales and distribution. Airpay enables businesses to accept payments from both consumers and businesses and targets the medium-to-large enterprise space. Its platform supports omnichannel payments and enables its business customers to similarly make payments across platforms.