Trade credit has been around for decades and is less than efficient, with $3.1 trillion tied up in outstanding invoices. To grease the wheels of commerce, Fundbox and OroCommerce are joining forces to provide B2B credit through the two-sided platform model. Jason Smith, vice president of business...
The idea started in the B2C world, but it wasn’t long before online sellers were asking about its use for B2B — at least, according to Chris Tsai, co-founder and CEO of Resolve, in a new PYMNTS interview. Resolve, a B2B payment services firm that spun off from...
FinTech Fundbox said on Thursday (March 28) that it is expanding its partnership with Synchrony, the consumer financial services company, to make B2B credit available to the latter’s merchant client base. Synchrony already offers consumer financing to those merchants across verticals such as retail, auto...
Extending payment terms to corporate buyers is painful. Not only does it impose a cash flow burden on the supplier, but, in some cases, those 30- or even 60-day payment terms aren’t enough for the customer, resulting in late payments. Research released last year from...
April 18, 2022
Ordering food. Taking an Uber. Booking a flight. In this age of convenience and instant gratification, any consumer performing these activities can expect to complete them in a few clicks on their phone. “The same thing is happening with finance and [among] business owners who have moved operations online in the wake of the pandemic,” […]
June 25, 2019
Trade credit has been around for decades and is less than efficient, with $3.1 trillion tied up in outstanding invoices. To grease the wheels of commerce, Fundbox and OroCommerce are joining...
April 23, 2019
The idea started in the B2C world, but it wasn’t long before online sellers were asking about its use for B2B — at least, according to Chris Tsai, co-founder and CEO of Resolve,...
March 28, 2019
FinTech Fundbox said on Thursday (March 28) that it is expanding its partnership with Synchrony, the consumer financial services company, to make B2B credit available to the latter’s merchant client...
September 07, 2017
B2B payment processing company Matrix Payment Systems is linking up with AR and buyer credit platform Apruve to streamline cash flow between trading partners. In an announcement Wednesday (Sept. 6), the companies said their collaboration will help suppliers be able to more seamlessly extend lines of credit to their corporate clients, with Apruve helping to […]
