Axle Payments, GETIDA and Candis announce today in B2B Payments that they have raised funds to scale their B2B solutions. BigCommerce also offers cryptocurrency payment solutions to customers in select countries.
Axle Payments renamed Denim after $126 million Series B
Axle Payments, the freight and logistics finance platform, has rebranded as Denim following the closing of a $126 million Series B round. The equity funds of US$26 million will be used to scale the enterprise platform, while the US$100 million in debt financing will be used to provide working capital for freight brokers and to expand field service products.
GETIDA announces strategic investment for its platform for Amazon sellers
Accounting and reconciliation services company GETIDA, which helps Amazon sellers achieve the best possible profitability, has announced it has received an investment that will allow it to grow and diversify. Eytan Wiener, CEO of GETIDA, said in a press release: “GETIDA now has significant capital and resources to further expand our technology and expand into new global markets, while being able to offer our platform users additional savings in areas outside of Amazon to offer.”
German software company Candis raises $16 million to expand AP automation
German accounts payable automation software provider Candis has reportedly raised $16 million in funding and said it will use the new investment to continue expanding. The platform has seen 20 billion invoices processed – a ninefold increase in two years, Tech Funding News (TFN) reported. Candis will also use the funding to launch corporate credit cards and expand its comprehensive solution to cover everything from purchase to payment.
BigCommerce promotes crypto payments with BitPay, CoinPayments
Open SaaS e-commerce platform BigCommerce offers cryptocurrency payment solutions to its customers in select countries through strategic partnerships with crypto app BitPay and global crypto payments gateway CoinPayments. BigCommerce Chief Sales Officer Marc Ostryniec said in a press release, “A new era of consumers who are passionate about transactions with crypto, and we’re helping them in that.”
Cloud banking firm nCino, Codat SMB lending team
Codat, an application programming interface (API) for small business data, will work with nCino, a cloud banking company, to automate and accelerate the way banks can underwrite small business loans. NCino’s services help reduce the time it takes banks to transfer information from a borrower’s financial statements to the bank’s financial analysis program. By partnering with Codat, it will be able to make lending more efficient.
Alibaba.com launches $750,000 Manifest grant program for US SMEs
B2B e-commerce marketplace Alibaba.com has launched its second annual small business grant program. Dubbed the Alibaba.com Manifest Grants Program, the $750,000 fund will spur innovation and boost competition in U.S. small and medium-sized enterprises (SMEs). The grants are awarded in partnership with Hello Alice, a free resource for small business growth.
Fulfillment provider PFS provides pop-up centers for L’Oréal’s SkinCeuticals brand
E-commerce order fulfillment provider, PFS, has launched a pop-up fulfillment center for L’Oréal’s SkinCeuticals brand. When SkinCeuticals – which is not a current PFS order fulfillment customer – had a retailer loyalty program that required a one-time fulfillment process, PFS leveraged its RetailConnect product to enable a “quick and inexpensive” pick-pack-shop solution, without all the complexities integrations.
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