Today in B2B payments: Finstro discusses finding the win-win scenario in B2B trade credit, and PayAlly teams with Banking Circle on cross-border B2B payments. Plus, cuBIZloan.com discusses credit unions’ business funding role, Nium acquires Ixaris and Lightspeed acquires NuORDER.
With government aid programs winding down, businesses will be in search of capital regardless of their experience over the last year. Murray Halperin, managing member of cuBIZloan.com, tells PYMNTS why credit unions are bracing for an upswing in business funding demand and how they can expand their reach to borrowers beyond their neighbors.
The payments platform Nium announced on Monday (June 7) that it would acquire the travel payments optimization platform Ixaris as part of a global expansion. Ixaris offers funding and payment methods designed to help airlines and online travel agents reduce surcharges and earn rebates, serving more than 200 customers in 40-plus countries and issuing more than 10 million virtual cards in 2019.
The Lightspeed point-of-sale platform is acquiring B2B eCommerce platform NuORDER and Software-as-a-Service (SaaS) eCommerce company Ecwid in a move to fuse the commerce ecosystem and advance the launch of new businesses. “By joining forces with Ecwid and NuORDER, Lightspeed becomes the common thread uniting merchants, suppliers and consumers, a transformation we believe will enable innovative retailers to adapt to the new world of commerce,” Dax Dasilva, co-founder and CEO of Lightspeed, said in a press release on Monday (June 7).