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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.

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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.

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Meet Paysail, the startup making B2B payments faster using crypto

TechCrunch

Enterprise payments startup Paysail just raised seed funding to build a tool that shortens the cross-border payment process to less than five seconds, the company says. Its solution leverages stablecoins, which it describes as “ cryptocurrencies designed to have a stable price because they are pegged to a commodity or currency.”.

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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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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

Last week, Paystand — a blockchain-enabled B2B payments startup — announced it had acquired Mexican fintech Yaydoo — creating a new unicorn in the resulting new entity. has a legacy, centralized financial infrastructure that needs to be disrupted and re-imagined by fintechs with blockchain technology. and Mexico. and Mexico.

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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.

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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.

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