Today in B2B Payments: Tradeteq Launches Trade Finance Investor Marketplace; Melio, Capital One Debut AP Tool
Today in B2B payments, Tradeteq launches a marketplace for investors, while Melio and Capital One debut an accounts payable (AP) solution. Plus, Digital River partners with commercetools, enterprise resource planning (ERP) firm Acumatica expands its Shopify partnership, and Yapily and Soldo team up on streamlined small- to medium-sized business (SMB) payment management.
Tradeteq Debuts New Marketplace for Trade Finance Investors
Trade finance technology specialist Tradeteq has launched Tradeteq Access Lite, a marketplace for investors to participate in the secondary trading of trade finance assets. More than 40 members of the Trade Finance Distribution Initiative (TFDI), a group that sets the standards for global trade finance distribution, have signed up on the platform. By building the marketplace, Tradeteq hopes to make trade finance a liquid asset class.
Melio, Capital One Launch Accounts Payable Tool
B2B payments platform Melio has joined forces with Capital One Business to launch an AP solution. The partnership will give Capital One Business cardholders access to more flexible payment options and streamlined workflows from their Capital One Business account, letting them better manage their cash flow while earning rewards and cash back on purchases.
Digital River Adds Global Expansion Flexibility With commercetools Software Partnership
eCommerce solutions platform Digital River announced a new partnership with commercetools, integrating Digital River’s services of tax, payments, compliance and fraud mitigation into commercetools’ eCommerce platform for B2C and B2B customers. Through the collaboration, Digital River clients can use commercetools’ headless application programming interface (API) approach combined with Digital River’s expertise in global commerce. The integration will allow brands to scale their eCommerce businesses to over 240 markets around the world.
ERP Firm Acumatica Expands Shopify Partnership
Acumatica has expanded on its relationship with Shopify, supporting Shopify’s new B2B solution, which enables merchants to employ Shopify to manage B2B and direct-to-consumer (D2C) stores in a single platform. The Shopify B2B solution will roll out to Acumatica customers in two phases: one in September as part of the company’s semiannual product update; and the next in the first quarter of 2023.
Yapily, Soldo Team to Help SMBs Manage Payments
Open banking platform Yapily and spend management company Soldo have partnered to help businesses in Europe maintain visibility over their payments and control spending. Customers get money in their accounts instantly, streamlining account funding and speeding up the process of getting funds into Soldo. Yapily has helped Soldo process more than $7.1 million in open banking payments to thousands of businesses, from SMBs to larger companies, across the U.K., Ireland, Italy, Germany, Netherlands, France and Spain.
Keeping Pace With B2B Customers’ Changing Payment Preferences
Meeting end users’ needs requires companies to pay careful attention to how the payment preferences of consumers, vendors and industry partners are changing. It also requires companies to know what tools and technologies can help them keep pace with these shifts, according to “The Banking-as-a-Service Opportunity Report,” a PYMNTS and i2c collaboration.