B2B Payments Today: Next-Day Delivery Requires Streamlined Logistics; Laiye and KPMG Team on Intelligent Automation

Today in B2B payments, BankiFi brings in $3 million to help small- to medium-sized businesses (SMBs), and the increased demand for next-day delivery has retailers overhauling their logistics. Plus, Trade Ledger and ScotPac partner on fast-tracked SMB loan approvals, and Laiye and KPMG China partner on intelligent automation.

Demand for Next-Day Delivery Drives Need for Efficient Logistics

To control the rising cost of providing same-day service with restructured supply chains and more routes, trucks and drivers, retailers are scrounging for efficiencies wherever they can find them.

Founded in 2017 by veterans of the autonomous technology industry, Gatik’s “autonomous delivery as a service” solution encompasses autonomous trucks, telematics and a dispatching solution that serves the so-called “middle mile” of the delivery chain.

Laiye, KPMG China Collaborate on Intelligent Automation

Artificial intelligence (AI) firm Laiye and KPMG China, who have been partners since 2020, are teaming up on a new product to help boost intelligent automation for the finance industry, according to a press release.

Laiye’s AI-powered robotic process automation (RPA) tech will be integrated with KPMG’s professional services, the release said, with the goal of empowering more businesses.

Trade Ledger, ScotPac Team to Fast-Track SMB Loan Approvals

FinTech Trade Ledger is getting together with SMB lender ScotPac to accelerate loan application turnaround times, according to a press release.

ScotPac will use Trade Ledger’s technology to give bankers more ways to submit documents, track applications and receive approvals faster, the release stated.

In April, Trade Ledger partnered with Virgin Money on a further development of the company’s corporate banking offering, allowing for a smoother and faster experience for corporate clients looking for loans.

FinTech BankiFi Raises $3M To Help Banks Better Serve SMBs

British FinTech BankiFi on Monday (Sept. 6) closed a 2.2 million pound (approximately $3 million) fundraising round that will help financial institutions better serve SMBs.

The company will use the money to expand its products and services, add to its client base and target new national and international markets.