B2B Payments

PayEngine, a white-label payments-facilitation platform for vertical SaaS companies, has raised $10m in Series A funding led by Point72 Ventures.

Shieldpay, a secure digital payments platform, has deployed its disbursements payment service to Case Pilots, a legaltech solution.

Global spend on B2B cross-border payments is expected to exceed $40trn by the end of 2024, rising from $27trn in 2022, according to a report from Juniper Research.

South Korean money transfer operator (MTO), E9pay, has forged a strategic partnership with Currencycloud, a company specialised in simplifying business in a multi-currency world.

Revolut Business has launched its instant and free payments ecosystem RevTag, which aims to challenge Swift in the cross-border payments space.

TD Bank Group, known for its comprehensive range of banking, investment, and wealth management services, and Plaid, a leader in developing technology platforms for connecting digital financial applications, have announced a significant partnership. This collaboration marks a vital step in advancing financial data sharing technologies.

Comvest Credit Partners, a leader in providing flexible direct financing solutions to mid-market entities, has recently declared its role as the Administrative Agent and Sole Lender in a senior secured credit facility for Billhighway.

Mastercard, a global leader in payment solutions, and PrestaShop, a pioneer in e-commerce software, have formed a strategic partnership to enhance online payment systems across Europe.

Octane, a leader in the FinTech sector that streamlines major recreational purchases, has successfully concluded a $365m asset-backed securitization, known as OCTL 2024-2.

PayPal is making further moves into the B2B payments space through a partnership with SME accounting platform Xero.