Today in B2B payments: Morroccan startup Chari.ma acquires a mobile credit booking app in a fundraising effort, and wherEX gets a boost from BNPL. Plus, Klara unveils the Modmed pay interface and Zeal raises $13 million in Series A funding.
How 2020 Increased rhe Necessity of Fully Online Bill Payment Solutions for Businesses, Consumers
Businesses and consumers alike are heading online to fulfill more of their banking and payment needs, with individuals increasingly using digital tools to send money or pay their rent, utility and other bills.
One September study found that 62 percent of consumers paid such bills through biller, bank or third-party websites the prior year, accounting for 9.5 billion bills. The events of the past year had a notable effect on businesses adopting such payment tools. One August 2020 study found that 57 percent of small to medium-sized businesses (SMBs) had expanded their use of digital B2B payment services as of the pandemic’s onset.
B2B Marketplace wherEX Sees Buy Now, Pay Later as Boost to Building Buyer Trust, Sales
wherEX Co-founder and Head of Growth Benjamin Garcia said that eSourcing “has really taken off … because we give the ability to these companies to do specific quoting of their products and services. Whatever they need is what is quoted, and the suppliers then come and bid for it.”
Garcia said in an interview with PYMNTS there’s “a lot of pain in going through the payment process” in eSourcing. Ninety-nine percent of B2B payments in Latin America, where whereEX does most of its business, happen electronically between the bank accounts of the purchaser and the buyer.
Klara Debuts Modmed Pay Interface for Patient Payments
Klara, a producer of platforms to let medical practitioners interact with patients via the internet, and payments systems provider Modernizing Medicine have inked a deal to pair some of their offerings, the companies announced in a press release.
The new service will work through several steps: Medical practices will send patients links via text. Those links will allow for the storage of credit card data by Klara, with practices getting access via secure tokens to the information they need for billing.
Morocco’s eCommerce Startup Chari.ma Acquires Mobile Credit Book App
Chari.ma, a Moroccan company that supplies some of what the company stated are 200,000 convenience stores in the country, has completed an acquisition and raised capital, according to published reports and news releases.
Chari.ma has acquired Karny.ma, a company that helps convenience stores use smartphones to manage credit arrangements with customers, according to Disrupt Africa. Karny.ma has about 15,000 convenience store customers.
Zeal Nets $13M to Build Its Custom Payroll API
Application programming interface (API)-first payroll infrastructure provider Zeal has ended a Series A funding round with $13 million, according to a press release.
Zeal works in the embedded finance ecosystem and lets platforms build individualized pay platforms, the release stated. The new capital will be used to grow the company’s team and scale the product to help meet new levels of demand
At this time in B2B funds: Morroccan startup Chari.ma acquires a cell credit score reserving app in a fundraising effort, and wherEX will get a lift from BNPL. Plus, Klara unveils the Modmed pay interface and Zeal raises $13 million in Sequence A funding.
How 2020 Elevated rhe Necessity of Absolutely On-line Invoice Cost Options for Companies, Shoppers
Companies and customers alike are heading on-line to satisfy extra of their banking and cost wants, with people more and more utilizing digital instruments to ship cash or pay their hire, utility and different payments.
One September research discovered that 62 % of customers paid such payments by means of biller, financial institution or third-party web sites the prior 12 months, accounting for 9.5 billion payments. The occasions of the previous 12 months had a notable impact on companies adopting such cost instruments. One August 2020 research discovered that 57 % of small to medium-sized companies (SMBs) had expanded their use of digital B2B cost providers as of the pandemic’s onset.
B2B Market wherEX Sees Purchase Now, Pay Later as Increase to Constructing Purchaser Belief, Gross sales
wherEX Co-founder and Head of Progress Benjamin Garcia mentioned that eSourcing “has actually taken off … as a result of we give the power to those firms to do particular quoting of their services and products. No matter they want is what’s quoted, and the suppliers then come and bid for it.”
Garcia mentioned in an interview with PYMNTS there’s “numerous ache in going by means of the cost course of” in eSourcing. Ninety-nine % of B2B funds in Latin America, the place whereEX does most of its enterprise, occur electronically between the financial institution accounts of the purchaser and the customer.
Klara Debuts Modmed Pay Interface for Affected person Funds
Klara, a producer of platforms to let medical practitioners work together with sufferers through the web, and funds techniques supplier Modernizing Medication have inked a deal to pair a few of their choices, the businesses introduced in a press launch.
The brand new service will work by means of a number of steps: Medical practices will ship sufferers hyperlinks through textual content. These hyperlinks will permit for the storage of bank card information by Klara, with practices getting entry through safe tokens to the data they want for billing.
Morocco’s eCommerce Startup Chari.ma Acquires Cellular Credit score E book App
Chari.ma, a Moroccan firm that provides a few of what the corporate acknowledged are 200,000 comfort shops within the nation, has accomplished an acquisition and raised capital, in response to revealed experiences and information releases.
Chari.ma has acquired Karny.ma, an organization that helps comfort shops use smartphones to handle credit score preparations with clients, in response to Disrupt Africa. Karny.ma has about 15,000 comfort retailer clients.
Zeal Nets $13M to Construct Its Customized Payroll API
Software programming interface (API)-first payroll infrastructure supplier Zeal has ended a Sequence A funding spherical with $13 million, in response to a press launch.
Zeal works within the embedded finance ecosystem and lets platforms construct individualized pay platforms, the discharge acknowledged. The brand new capital can be used to develop the corporate’s workforce and scale the product to assist meet new ranges of demand