While incumbent financial firms have long provided trade credit and short-term loans to business customers, a new swath of fintechs is trying to make the process faster and easier. SMBs often need trade credit to pay for their business purchases, but, historically, the payment process has involved filling out forms and waiting several days for […]
Tag: B2B
Business-to-business transactions have been stuck in the past: Experts estimate that a stunning 40% of all B2B payments in the US are still made via check, making it a segment ripe for modernization. American Express intends to acquire Israeli fintech firm Nipendo as it builds out its platform of tools to make B2B payments simpler […]
Traditional players like Barclays, HSBC, and Deutsche Bank that offer short-term loans to businesses need to focus on improving their customer experience to avoid the dynamics that have shaped the consumer buy-now-pay-later (BNPL) space. A new crop of well-funded fintechs including Billie, Mondu, Insight Partners’ portfolio company Resolve, and Tranch are trying to tackle BNPL […]