Today in B2B payments, Stoke discusses timely freelancer payments, and American Express plans the launch of the Kabbage small business checking solution. Plus, Keysight discusses technology’s selective approach to B2B eCommerce, B4B collaborates with Banking Circle and Jumbotail raises funding for its B2B marketplace.
B2B eCommerce adoption is growing rapidly, but the digital model is not suited for all scenarios of business purchasing. Keysight Technologies’ Kari Fauber tells PYMNTS where the eCommerce does — and doesn’t — suit corporates’ technology procurement needs.
B2B marketplace and retail platform Jumbotail, based in Bengaluru, has raised Rs 35 crore (approximately $4.78 million), which it will use in order to boost operations and scale the business, a report from The Economic Times said on Monday (June 14). The company also raised $25 million in an equity round from January. Over 50,000 kirana stores use Jumbotail’s services with the full-stack eCommerce model.
Global prepaid payments provider B4B Payments has picked Banking Circle as its new payment infrastructure provider for corporate banking, a press release said on Monday (June 14). “Banking Circle is changing the dynamics of the global payments ecosystem,” said B4B CEO and Co-founder Paul Swinton. “It is doing the heavy lifting for businesses like ours by establishing a super-correspondent banking network that will deliver fast and cost-effective solutions for our clients. We, therefore, see our partnership as integral to our ambitious development plans.”