Today in B2B payments, B2Z Insurance talks real-time payments, and KPMG launches an accounting tool for Canadian SMBs. Plus, Bamboo Payment discusses cross-border B2B payments across Latin America, Moglix raises funding for its B2B eCommerce technology and Nium launches a maritime B2B payments solution.
Latin America can be an important market for corporate growth, but a dizzying patchwork of tax regulations and payment networks — and a growing number of platforms to manage them — can threaten the ROI of expansion. Bamboo Payment Systems’ Carlos Steneri explains the benefits of a consolidated approach to cross-border B2B payments.
Moglix, located in India, landed $120 million in new funding, bringing its valuation to a billion dollars and making the company into a new unicorn. The industrial B2B commerce company has raised $220 million in total funds with the newest round, according to a Monday (May 17) post on Yahoo! News. Harvard Management Company and Falcon Edge Capital headed up the Series E funding round, which also had participation from current backers Venture Highway, Sequoia Capital India and Tiger Global.
Global payment platform Nium has been implemented by maritime company Bernhard Schulte Shipmanagement (BSM) in order to make digital payments more accessible for seafarers, said a Monday (May 17) press release. “Technology development in the shipping industry is accelerating as shipping companies and their seafarers seek modern ways of moving money,” said Gitesh Athavale, head of sales for Southeast Asia and Hong Kong.
Read More On B2B Payments:
- IRIS Software, Western Union Link Up To Offer Global Payroll, Payments Services
- Today In B2B: ION Explores The Bank-Treasurer Relationship; OCBC Adopts Visa Commercial Pay
- Today In B2B: CheckAlt Recognizes The Value Of The Check; Tipalti Embraces ERP Integration
- Making Checks Part Of The B2B Payments Modernization Plan