Axo, a personal finance firm based in Norway, revealed on Tuesday, August 16, that it has purchased Defero, a Scandinavian digital platform for credit scoring and money management. The deal’s financial details weren’t made public. Defero offers free credit scoring and financial management that is customized to each customer’s credit profile and budgetary requirements, according…
There is still more work to be done even if digitizing B2B payments has been a long-term goal. The status quo persists intractably for a variety of reasons. The conflict between pain and gain lies at the heart of the issue. There are indisputable advantages to digitization, but there are also unquestionable drawbacks. The difficult…
A new API solution has been unveiled by Verto, a B2B cross-border payments business, which the company claims will help companies automate beneficiary administration, global pay, and currency conversion. The London-based company said in a press release that “more firms outside of traditional financial institutions are beginning to provide financial services connected to their current…
Small businesses struggle to keep up with the financial and payment innovations of the digital era. A challenge for banks is the creation and implementation of solutions designed for SMB (small and medium-sized business) digital payment innovation. Through the creation of networks and other solutions, fintech is stepping in to narrow the gap in the…
The B2B eCommerce site Papmall claims to be combining purchase now, pay later, and cryptocurrency payment services while also growing its business strategy and delivery areas. The firm, which was founded in 2019, began as a platform for online digital goods and software merchants, as well as “outsourcing services, mostly freelancers and SME [small to…
FinTechs Provide a Trade Credit Bridge Between Banks and SMBs Small companies have a hard time keeping up with financial and payment advances in the digital age. The development and application of solutions tailored to SMB (small and medium-sized company) digital payment innovation is a problem for banks as well. FinTech is stepping in to…
Volt Systems, a digital firm that offers suppliers more on-demand access to merchandising resources, is being acquired by Walmart. Walmart appears to be primarily interested in Volt’s Engage technology, which allows and streamlines vendor relationship management through access and visibility. “Engage is a partner relationship management platform that qualifies, engages, and connects retailers with their…
Luxury companies such as Gucci and Chanel have been expanding their horizons, building stores in places in the United States where they previously had no presence. According to The Wall Street Journal, the businesses have traditionally been concentrated in a few locations, but affluence has been spreading to new areas, with cities such as Atlanta,…
Consumers have become accustomed to the concept of low-friction digital payments and account transfers, and firms that fail to keep up with the push for ubiquitous money mobility risk irritating customers and losing revenue. Digital wallets and peer-to-peer (P2P) payment apps are becoming more common in consumers’ daily lives. These same customers are inundated with…
APFusion Founder and CEO Alex Smith have witnessed personally how things are done in the industry as a member of a family that has been in the automobile salvage business for four generations and nearly 100 years. There is room for technical progress in every facet of their business, from obtaining aftermarket components to managing…
