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Paystand banks $50M to make B2B payments cashless and with no fees

TechCrunch

The Scotts Valley, California-based company is using cloud technology and the Ethereum blockchain as the engine for its Paystand Bank Network that enables business-to-business payments with zero fees. Specifically, Almond would like to reboot digital finance, starting with B2B payments, and reimagine the entire CFO stack.

B2B 362
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Lightspeed and Max Levchin bet on Balance to bring B2B payments into the digital world

TechCrunch

Consumer payments is by no means a solved problem (I’ll trigger one hundred blockchain people if I say otherwise), but it sure as heck a pretty improved one. Then you head over to B2B payments … and you recoil in horror as you migrate away from a utopian future of promise to the ruins of an antiquated past. Photo via Balance.

B2B 237
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TechCrunch+ roundup: Plaid’s staffing story, RevOps for B2B sales, demo day’s demise

TechCrunch

When Jean-Denis Greze accepted the CTO role at Plaid in 2017, the fintech company was still financing its Series A had “about 20 engineers who were still trying to feel their way to product-market fit,” writes enterprise reporter Ron Miller. Use RevOps to develop a customer-led approach to B2B sales. We call that RevOps.”.

B2B 226
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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

While Pipe has gone on to so far raise over $300 million and was valued at $2 billion last year, another player has quietly been building a company in the same space with a laser focus on small and medium enterprises (SMEs) operating in global supply chains. In 2019, Barclays Bank and Bold Capital Partners co-led a $5.5

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Startup studio eFounders reaches portfolio valuation of $2 billion

TechCrunch

In practical terms, it means the company is building B2B SaaS startups with a focus on productivity and workflows. You can imagine another studio for blockchain startups, another one for AI startups, etc. “We We want to remain focused on software with a B2B angle — not enterprise but long-tail B2B.

B2B 206
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Does everyone want to be a landlord, or what?

TechCrunch

billion in assets under management that invests in startups from seed to growth stages across a variety of sectors, including consumer, internet, enterprise/cloud and fintech. He’s also still bullish on the continued institutional adoption of blockchain technology in some large areas of financial services.

Fintech 327
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Daily Crunch: Former employee says Patreon has laid off its entire security team

TechCrunch

We like a startup with a fun name : Cryptocurrency is a hot market in Africa, and Tage writes about one blockchain payments startup, called Bitmama, that raised $2 million in pre-seed funding to show what it can do in new markets. The company promises a minimum 10 Gbps of enterprise fiber to the nation’s capital, Paul reports.

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