Ardent’s P2P Technology Round-Up returns today with another assortment of ePayables, P2P, and B2B payment solution provider news and updates from the past week. If you are an Accounts Payable, B2B Payments, or Spend Management solution provider and you have news to share with us, please drop us a note at editor at cporising dot com. Thanks, and enjoy!
Ardent Partners Releases its State of ePayables 2019 Market Research Survey
The skills that P2P teams will need to succeed in the months and years ahead are evolving rapidly. In light of this shift, Ardent Partners has launched its annual State of ePayables 2019 research survey, which is now available by clicking here.
Your participation in this 15-minute survey will allow Ardent Partners to continue producing the market-leading P2P research that is has consistently provided the marketplace over the years. Complete the survey and Ardent will send you a complimentary copy of the final version of the report without registration once it publishes in May. Thank you for your participation!
Tradeshift Partners with BuyerQuest Through Tradeshift App Platform
Tradeshift, the San Francisco based provider of supply chain payments and marketplaces, this week announced a new partnership with BuyerQuest, a provider of eProcurement and procure-to-pay (P2P) business solutions, based in Ohio. BuyerQuest, which provides an eCommerce experience for users, is joining the Tradeshift platform as an app partner, delivering an employee buying experience, reducing procurement process friction, and helping drive contract compliance. Tradeshift has built its powerful Tradeshift App platform, which has extended the Tradeshift Pay solution offering. The addition of the BuyerQuest eProcurement app will provide Tradeshift Platform users with access to an advanced procurement tool for spend management. BuyerQuest will be able to integrate seamlessly with Tradeshift through the Tradeshift Link integration connectors. This by way of Tradeshift’s recent acquisition of Babelway.
Bill.com Announces New Round of Funding
Bill.com, a cloud accounting solution provider designed for SMB’s, with headquarters in Palo Alto, California, this week announced an $88M funding round led by Franklin Templeton with participation from MasterCard, Fidelity Investments Canada ULC, and others. Bill.com is now better positioned to scale with a network of more than 3M members paying and getting paid with its solutions. In addition to investments by Franklin Templeton, MasterCard and certain funds managed by Fidelity Investments Canada ULC, other participants in the current round include Kayne Anderson Rudnick, Temasek, Cross Creek and FLEETCOR. Bill.com has raised more than $275M to date which has included investments from American Express, Bank of America, and JP Morgan Chase.
Boost Payment Solutions Raises $12M in Series B Funding
Also in the news this week, Boost Payment Solutions, a B2B payments platform provider based in New York, has announced its closing of $12 million in a Series B equity and venture debt funding round led by Mosaik Partners and North Atlantic Capital. The proceeds will be used to raise the company’s profile domestically and internationally across multiple verticals, including healthcare, telecom, freight & logistics, media, transportation, real estate and others. Boost is currently operational in the U.S., Canada, Europe, UAE, Australia, and Brazil. The company also plans to expand marketing, product, support and business development teams in the U.S. and abroad.
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