US B2B FinTech Firms Lag With VC Investors | PYMNTS.com
B2B FinTech firms in the U.K., Brazil, Spain and India secure investor funding for solutions targeting SMB back-office management, lending and B2B payments.
- In total, more than $107 million was raised, with investors targeting the small business (SMB) back office, lending and B2B payments.
- The company's SaaS offering deploys artificial intelligence (AI), and provides automated accounting, invoicing, human resources, customer relationship management (CRM) and other back-office processes, while also enabling integration into existing platforms like PayPal and Amazon.
- The Brazilian-based firm also provided an SMB management solution, with its SaaS offering deploying AI to manage invoicing, inventory, accounts receivables, accounts payable, CRM, point-of-sale services, working capital and more.
- In addition to lending, the company plans to use the funds to expand its savings offerings.