Nium on biz cards’ opportunity outside of T&E spend, Wells Fargo outlines $400M SMB aid plan, and AeroPay on how cannabis can influence broder B2B payments innovation
| | BUSINESS-TO-BUSINESS EDITION | How Cannabis Can Become A B2B Payments Innovation Influencer Legal cannabis businesses may finally be able to more easily open a bank account, but that doesn't mean firms in the industry can gain the same B2B payments solutions available to any other business. According to AeroPay CEO Daniel Muller, maybe they don't need it. He recently told PYMNTS how FinTech can leapfrog over outdated tools to connect cannabis companies with optimized solutions, giving the sector an opportunity to influence innovation in other markets, too. |
Logistics, Supply Chain Tech Lead B2B Funding This Week B2B payments FinTech Taulia made headlines this week as it gears up for a $60 million funding round from Ping An and J.P. Morgan. With investors' continued interest in the B2B arena, this week's venture capital roundup finds a combined $45.87 million in solidified investment in the space, with a Colombian logistics startup taking home the largest piece of the pie. |
| Commercial Cards | Turning Commercial Card Credit Lines Into SMB Cash Flow Lifelines The pandemic has stalled corporate T&E spend, leaving commercial cards with credit lines waiting to be tapped. But Sanjiv Razdan, global head of commercial payments at Nium, told Karen Webster his firm has found a way to turn approved and untapped corporate card credit lines, into cash flow that SMBs can use to pay vendors and other expenses. Hereâs why he says banks, card networks and SMBs all win. | | |
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