Today in B2B: SaaSOptics, Chargify Join Forces to Become Maxio; TreviPay, Choice Hotels Team to Offer Embedded Payments
Today in B2B payments, SaaSOptics and Chargify become Maxio after a merger, while TreviPay now offers embedded payments through Choice Hotels. Plus, French B2B payments firm Libeo enters the United Kingdom.
SaaSOptics and Chargify Announce Merger, New Name
Atlanta-based SaaSOptics and Texas-based Chargify have merged to make Maxio, a company that will provide a one-stop shop for revenue management and subscription billing for Software-as-a-Service (SaaS) companies. SaaSOptics and Chargify have delivered solutions to assist finance professionals, executives and SaaS entrepreneurs, including subscription management, recurring billing, SaaS metrics, revenue retention, expense and events-based billing.
TreviPay Offers Embedded Payments Through Choice Hotels
TreviPay has entered the corporate accommodations world, offering its embedded payments solution through a collaboration with Choice Hotels. The company cited the latest forecast from the Global Business Travel Association, which indicated a likely 38% increase in global business travel spending this year as the industry rebounds from pandemic travel restrictions and preferences, as a driving force for the collaboration.
French B2B Payments Firm Libeo Enters UK Market
After years of operating in France and mainland Europe, B2B payments firm Libeo has launched in the U.K. The move marks a shift into “a more mature market in the realm of digital transformation,” shepherded by new Managing Director for the U.K. and Northern Europe Glen Foster. Libeo’s offerings include accounts payable (AP) and accounts receivable (AR) capabilities. It also allows users to make payments on all major payment rails.
Today’s CFO Is a ‘Chaperone for Investment Dollars’
Today’s chief financial officer (CFO) is a “chaperone for investment dollars,” Sprinklr CFO Manish Sarin told PYMNTS. They are expected to determine where the company should invest, articulate the reasons to investors and explain the incremental return that the company will derive, well beyond their previous roles as stewards of the financial ledgers.