As the data around the economic toll of the coronavirus pandemic rolls in, rallying cries from around the world are growing louder to support small businesses. Increasingly, those cries include calls to action for corporates to pay their small suppliers as more vendors struggle with...
India-based invoice financing platform KredX announced it has acquired U.S.-based management software company Hummingbill. Reports Thursday (Mar. 2) said the Indian startup, which launched in 2015, is looking to strengthen its position in the accounts receivables (AR) side of its corporate clients through the acquisition...
AvidXchange has primarily focused on accounts payable solutions for the mid-market, but its latest announcement suggests plans to enter the AR side of the B2B transaction. The company revealed Thursday (Feb. 16) that it is rolling out new solutions for suppliers with the launch of...
Some B2B payments players have predicted that, on the accounts payable side of the transaction, higher interest rates will lead companies to extend their payment terms and to seek out AP technologies that offer integrated supplier financing solutions to help with that cash flow crunch...
October 30, 2015
Massachusetts-based SME lender Avidia Bank wants to help small suppliers more adequately manage their cash flow, and they’re doing so with a new accounts receivable financing solution. The bank announced Thursday (Oct. 28) that it is launching the BusinessManager program, a venture that sees Avidia Bank purchasing SMEs’ outstanding invoices so they can receive cash […]
August 05, 2015
The B2B payments cycle is not always kind to small suppliers, which often need help with financing as they wait to get paid and have their invoices settled. Factoring has...
