Today in B2B payments, Balance discusses scaling B2B payments for B2B marketplaces, and KPMG Spark links its small business clients to Bill.com. Plus, FlexEarn explores the logistics of earned wage access, Bank BBVA collaborates with Trusple and Volaris focuses on invoicing with a new acquisition.
Employers are increasingly keen to extend earned wages to professionals before payday. But the logistics and administrative challenges of doing so can hold back adoption of earned wage access solutions. Jonathan David, founder and CEO of FlexEarn, discusses what this increasingly competitive and crowded FinTech space will need to find success.
Bank BBVA, recently acquired by PNC Financial Services, is now offering payment and financing services on Trusple — China’s Ant Group’s blockchain platform for global trade. “Trusple is designed to resolve the problems that SMEs (small to medium-sized enterprises) and financial institutions face when in cross-border trade. BBVA’s previous research on blockchain technology will allow us to incorporate new services in this platform fairly easily,” said Alejandro Cardenas Bortoni, head of commercial banking at BBVA México.
Volaris Group has bought MetaViewer, per a Monday (Aug. 9) announcement. MetaViewer offers paperless invoice viewing and capturing. The company is a division of Metafile, which provides accounts payable (AP) automation. MetaViewer will operate under the Metafile banner and the leadership of Metafile CEO Nick Sprau. “We are excited to work with the Metafile team and grow our footprint in the AP automation and financial space,” said Jay Hoffman, a leader at Volaris Group.