Mesh Payments pursues $50M in debt financing to support growth

The corporate spend management startup, which has raised $63 million in capital, is trying to balance “growing too fast and making sure we are not under-servicing our clients,” said CEO Oded Zehavi.

By Caitlin Mullen • July 12, 2022

Prepaid Tech buys WorkStride to boost customer engagement

The Birmingham, Alabama-based fintech says there is room to grow in the $8 trillion market for business-to-business payment software services.

By Suman Bhattacharyya • July 12, 2022

Plastiq sees inflation boosting B2B card payment use

As companies grapple with inflation and supply chain snarls, the business payments firm says it’s targeting those that need credit cards for workflow capital.

By Caitlin Mullen • July 5, 2022

From a payments CEO: 5 discriminatory behaviors that need to go

“Until the industry addresses this blatant lack of advocacy for women in leadership, it will continue to foster a culture where women can’t thrive,” says Stax CEO Suneera Madhani.

By Suneera Madhani • June 30, 2022

PayPal launches small business credit card

The digital payments company is targeting small business owners as they seek credit financing and loans.

By Tatiana Walk-Morris • June 28, 2022

Brex's move has fellow fintechs ready to pounce

Brex cutting small business customers — the handling of which prompted a mea culpa from the co-founder — may provide opportunity for B2B fintechs like Ramp or Divvy. But big banks still dominate the space. 

By Caitlin Mullen • June 27, 2022

Tipalti spearheads digitization in middle market

B2B fintech Tipalti aims to scoop up some additional businesses as startups struggle with a slowdown in equity funding.

By Caitlin Mullen • June 16, 2022

Payrailz gains traction in battle with big rivals

The six-year-old company said it expanded its client base by a third in the first quarter and will double last year’s count to 150 by the end of this year.

By Lynne Marek • June 14, 2022

PayPal strives to improve checkout

The company aims to improve the checkout experience for both merchants and consumers, with new services being tested this year, CEO Dan Schulman said.

By Lynne Marek • June 13, 2022

AffiniPay buys legal software firm MyCase

AffiniPay will link the acquired firm with its LawPay business. The two companies combined are expected to generate about $200 million in annual revenue.

By Caitlin Mullen • June 13, 2022

JPMorgan hires exec from PayPal to head fintech partnerships

Peggy Mangot joined the bank this month to lead a team responsible for designing and developing fintech partnership strategy at JPMorgan Chase's commercial bank.

By Anna Hrushka • May 27, 2022

Chip shortage drives up card costs

Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips.

By Jonathan Berr • May 26, 2022

CEOs Sound Off: BNPL takes aim at healthcare, legal costs

Companies offering installment payment options for healthcare, legal and auto repair say that buy now-pay later options will satisfy growing consumer demand.

By Caitlin Mullen • May 25, 2022

Billtrust to stay on acquisition streak

Billtrust, which focuses on the accounts receivable side of B2B payments, has acquired two European companies in recent months and plans to continue snapping up other firms.

By Caitlin Mullen • May 24, 2022

Jack Henry prowls for acquisitions

The payment technology provider aims to start making acquisitions again this year, the CEO said. While potential targets had been too expensive in recent years, the public market's swoon is creating more options now.

By Lynne Marek • May 12, 2022

Cannabis payments companies focus on compliance, creativity

In the cannabis business, federal illegality has kept many banks and payments companies on the sidelines. That's opened the door for young companies that are using the ACH network to facilitate cannabis payments in states where it’s been legalized.

By Caitlin Mullen • May 6, 2022

Stripe-Plaid squabble erupts

When digital payments company Stripe launched a new service this week, it caught fintech Plaid, one of its customers and partners, by surprise, and not in a good way. Plaid's CEO expressed his displeasure in what has become a Twitter drama.

By Lynne Marek • May 6, 2022

Block 'just getting started' with Afterpay

San Francisco-based Block is focused on expanding buy now-pay later provider Afterpay’s customer base and managing its loss rate, Block executives said during Thursday’s first-quarter earnings call.

By Caitlin Mullen • May 6, 2022

Clover revenue growth boosts Fiserv earnings

During a Wednesday presentation on first quarter earnings, Brookfield, Wisconsin-based payments company Fiserv said global revenue for its Clover operating system for small and medium-sized businesses grew 39%.

By Caitlin Mullen • April 28, 2022

NovoPayment lands $19M, spearheads US growth

Miami-based NovoPayment, the banking-as-a-service provider of digital payments and other services, is collecting capital for an expansion move in the U.S., just as its key business territory in Latin America is heating up as a destination for international fintech expansion. 

By Lynne Marek • April 20, 2022

Stem raises $20M to streamline music industry payments

Startup Stem Disintermedia, which aims to bring its financial payout tools to a broader sector of the music industry, lured investments from merchant payments player Block and the major fintech venture firm QED Investors to fuel its growth.

By Caitlin Mullen • April 19, 2022

Payments players caught in venture capital squeeze

The flow of venture capital to startups ebbed in the first quarter for the biggest quarterly decline since 2012. Payments players, which have been big beneficiaries of such investments, are beginning to feel the pinch.

By Lynne Marek • April 12, 2022

Stripe sees growth slowing this year after pandemic e-commerce boon

Despite opportunities to sell to the creator economy and meet demand for embedded tools, the company said it won't grow as much this year as last year, citing "one-time behavioral adjustments" in 2021. The super-unicorn still expects to expand based on "explosive growth in fintech."

By Jonathan Berr • April 12, 2022

U.S. Bank teams with Lithia on real-time payments tool

U.S. Bank and Lithia Motors are teaming up to test a new real-time payments tool for customers selling their used cars to the auto dealer in their driveways. The pilot in Portland, Oregon, is expected to be rolled out nationwide this year.

By Lynne Marek • April 4, 2022

Cross River reaches $3B valuation, eyes global expansion

The banking-as-a-service company, has a sweet spot in payments. Cross River's clients include payments juggernaut Stripe, buy now-pay later provider Affirm and crypto exchange Coinbase.

By Anna Hrushka • March 31, 2022