Today in B2B Payments: Developers Provide Crypto, Receipt Management Tools
Today in B2B payments, CryptoPayments launches new solutions to help make and receive payments in cryptocurrency, while Botkeeper partners with Expensify to streamline monthly receipt management. Plus, Ratio secures $411 million to grow its buy now, pay later (BNPL) and financing platform.
Cryptocurrency-Fiat Gateway CryptoPayments Launches B2B, B2C Solutions
Estonia-based cryptocurrency-fiat gateway CryptoPayments has launched new solutions that enable businesses and individuals to make and receive payments in nine cryptocurrencies. The company said: “In order to achieve this, CryptoPayments aims to provide high-quality instant crypto and fiat payment services to individuals, businesses and corporations, along with the best tools to manage cryptocurrency transactions.”
Botkeeper, Expensify Partner to Streamline Receipt Management
Automated corporate bookkeeping platform Botkeeper has partnered with expense management, invoicing and payments super app Expensify to streamline monthly receipt management. Expensify Head of Partnerships, Sales and Product David Cardoza said: “Expensify partnered with Botkeeper to free up the time of accountants and their clients.”
Ratio Secures $411M to Grow BNPL, Financing Platform for SaaS Firms
B2B FinTech company Ratio has emerged from stealth and announced it has secured $411 million to grow its buy now, pay later (BNPL) and financing platform for Subscription-as-a-Service (SaaS) businesses and other recurring revenue firms. Ratio Co-Founder and CEO Ashish Srimal said: “We created Ratio to revolutionize the way that SaaS companies and technology businesses price, get paid and fund their growth.”
Why Embedded Finance Has the Potential to Reshape B2B Payments
It’s hard to pin down just how much a digital transformation is worth — what the quantifiable opportunity really is as new business models evolve. However, consulting firm Bain & Company estimated this week that embedded finance — where financial services become part of the very fabric of companies’ consumer- and enterprise-facing offerings across all manner of verticals — could be worth $7 trillion by 2026.
Trust Software Debuts B2B Checkout Platform ‘Market’
Marketing payments FinTech Trust Software has rolled out a new B2B checkout platform for the marketing ecosystem. Called Market, it will come with features including immediate payouts, the ability to offer flexible payment terms, streamlined billing and payment-integrated billing programs. The platform will initially be available exclusively to TikTok marketing partners, but it will expand to other partner programs in the future.
For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.