Today in B2B payments, DoorDash adds news features to its DoorDash for Work product suite, while Freshly launches a B2B arm called FreshlyWell. Plus, Chargezoom CEO Matt Dubois talks with PYMNTS after his company raises $10 million in a Series A funding round.
DoorDash, Restaurants Target Businesses as Office Workers Return
As more players in the food and beverage (F&B) space debut corporate meal solutions, DoorDash, the leading United States restaurant aggregator, is making changes to its own B2B program to better compete. New features for its DoorDash for Work product suite include self-serve onboarding for businesses, a streamlined expensing solution, a catering option and upgraded group ordering tools.
Nestlé Finds Hybrid Work Model Creates New Twist on the Corporate Cafeteria
Nestlé-owned meal solution Freshly announced the launch of B2B arm FreshlyWell, offering on-site and remote solutions for employers and a wide range of institutions. FreshlyWell Vice President Tom Futch told PYMNTS in an interview that companies are seeking innovative ways to meet the needs of their clientele.
Cost, Integration Still Obstacles for SMB Payments Digitization
Before Matt Dubois, CEO of Chargezoom, went into the B2B payments business, he was a customer. As the founder of several small startups, he found the status quo accounts receivable (AR) platforms involved a lot of manual entry, double work and a lack of integration with popular accounting systems. His solution — Chargezoom — was founded in 2020 and announced it raised $10 million in a Series A funding round.
Turkish Banks Reduce Corporate Lending Due to New Banking Regulations
Turkish banking regulations meant to keep the cost of credit low for small- to medium-sized businesses (SMBs) and exporters are reportedly causing banks to pull back on corporate lending. The credit and collateral regulations that aim to provide cheaper credit to businesses that are smaller — and therefore in some cases riskier — have caused both the costs and risks to Turkish banks to rise.
B2B Platform Xpeer Introduces AI-Powered Tools
Online B2B platform Xpeer has introduced two artificial intelligence (AI)-based solutions that are designed to bolster B2B marketplaces’ search and review practices. The company’s programs include Xpeer AI and Xpeer Score, which can help businesses choose market leaders to outsource business operations and information system developments.
Report: Amazon Shuts, Delays Some Facilities as eCommerce Growth Slows
After doubling its amount of warehouse space during the first two years of the pandemic, Amazon reportedly seems to be dialing back and rethinking some projects. In 66 cases this year, Amazon has either closed existing facilities or canceled the opening of previously planned ones.
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