Versapay unwraps the two layers of collaborative B2B commerce, OnDeck adds SMB financing to HomeAdvisor, and small businesses frustrated by PPP loan glitches
| | | | BUSINESS-TO-BUSINESS EDITION | | The Cross-Border Payments Opportunity Within Invoice Finance With eCommerce proliferating and new digital sales models emerging, the small business financing sector is beginning to explore new ways of accelerating the flow of funds from a marketplace to its sellers. Invoice financing is a model that can not only connect vendors to money more quickly, explains Storfund Founder and CEO George Brintalos. It can also be a vehicle to tackle friction in cross-border B2B payments, too, he tells PYMNTS. |
| Open Banking/Bank-FinTech Collaboration |
| Open Banking FinTechs Target SMB Underwriting Pains While traditional banks continue to collaborate with FinTechs and facilitate data integrations to strengthen their product offerings for small businesses, more FinTechs are taking the lead with open banking to strengthen their own value propositions. This week's open banking roundup includes Equifax, Plaid and others wielding the regulatory framework, with an eye on small business lending. |
| | Collaborative Commerce | | The Two Layers Of B2B Collaborative Commerce Paper checks won't be around in 2030, says Versapay CEO Craig OâNeill because buyer-supplier relationships will evolve and new commerce paradigms will define those dynamics. OâNeill spoke with Karen Webster about the biggest trends ahead for buyers and suppliers, and the need for payments to âsmarten upâ in order to facilitate a more connected, collaborative ecosystem. |
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