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…
GrubMarket, which provides meals to consumers and companies, has secured $60 million in its Series D financing. According to TechCrunch, participants included BlackRock, Reimagined Ventures, Trinity Capital Investment, and many others. The revelation is consistent with the year’s pattern of investing in delivery firms as the epidemic makes dining out riskier. GrubMarket operates in both…
According to a corporate news statement issued on Thursday (July 21), Kohl’s is extending its in-house retail media agency, Kohl’s Media Network, offering partners access to a suite of omnichannel media services and widening its advertising options. In a press release, Christie Raymond, Kohl’s interim chief marketing officer, stated, “Our goal through Kohl’s Media Network…
FLEETCOR, a worldwide corporate payments firm, announced the acquisition of Accrualify, an accounts payable (AP) automation software startup. According to the press release, this will benefit FLEETCOR’s payment solution portfolio and expand its corporate payments platform capabilities. Accrualify automates organizations’ procure-to-pay operations, and the cloud-based platform provides midmarket companies with end-to-end procurement, invoicing process automation,…
Montway Auto Transport, a B2B logistics provider, announced the launch of a new digital platform, the Montway Automation Portal (MAP), with the goal of increasing efficiency for shippers and carriers. According to Montway’s news announcement, the platform will also provide more visibility for inbound and outgoing cars to improve inventory management and assist in controlling…
B2B finance and payment platform In order to facilitate the funding application process for small- to medium-sized enterprises (SMBs), Grapple and bookkeeping company My Accounts have partnered. The two organizations, both of which are based in Sydney, Australia, are collaborating at a time when poor financial flow and excessive cash consumption are among the main…
