Today in B2B payments, Azupay explores Australia’s NPP for B2B payments and Brex acquires Weav. Plus, xentral and Biller Genie raise new funding.
Australia’s New Payment Platform (NPP) is finding inroads to B2B payments disruption. Azupay CEO John Murphy discusses how NPP can be combined with innovations like QR codes and PayID to expand the real-time payments value proposition for small to medium-sized businesses (SMBs).
As more Pakistani merchants start to embrace cashless payments, JazzCash CEO Erwan Gelebart says the country’s legion of SMBs offer huge untapped growth potential.
FinTech Brex on Tuesday (Aug. 17) announced it has acquired Israel-based commerce API company Weav for $50 million as part of a plan to expand its global footprint by bringing an innovation hub to Israel. “After a successful partnership, we are thrilled to make Weav part of our core team,” Henrique Dubugras, co-founder and CEO of Brex, said in the joint announcement. “Weav’s technology helps make Brex even better for our customers.”
Enterprise resource planning (ERP) system xentral announced Tuesday (Aug. 17) that it has raised $75 million in Series B funding. The company said in a news release it will use the investment to enhance its product, hire staff and for expansion in the U.K. “to address the global cloud-based ERP market, which is expected to grow to $32 billion by 2023.”
The accounts receivable (AR) automation platform Biller Genie announced Tuesday (Aug. 17) it had completed a seed round of $3.5 million. The Miami-based company called the round a “significant milestone” for its product, a cloud-based AR software-as-a-service platform (SaaS) that automates online payments, bill presentment and follow-up for SMBs.