Today In B2B: Brexit Uncertainty Looms; Unifiedpost Acquisitions Bolster B2B Platform
Today in B2B payments, Unifiedpost reveals acquisitions to build out its B2B platform, while Tally Solutions launches eInvoicing technology in India. Plus, Navisteps raises funding for its T&E tech, Pepperl+Fuchs strengthens supply chain innovation, and a Brexit deal is reached, with questions still looming.
European FinTech company Unifiedpost Group has unveiled the acquisitions of BanqUP, AKTI and 21 Grams. The firm says that it continues to build out its “one-stop-shop platform” and grows its activities from 15 to 20 European nations with the transactions, according to a Wednesday (Dec. 23) announcement. “Fully aligned with the thoughtful M&A-approach of Unifiedpost Group, I am convinced that with these acquisitions we set the right steps to further create a pan-European platform for documents, identity and payment services,” Unifiedpost Group CEO and Founder Hans Leybaert said in the announcement. For example, the acquisition of Belgium-based BanqUP will let the group deliver additional open banking and data insights functions to its small and medium-sized business (SMBs) clients.
India-based business management software provider Tally Solutions is debuting a new service, TallyPrime Release 1.1, to help boost eInvoicing. A mandate requiring eInvoicing for all companies is rolling out, a report from ExpressComputer.In says. Tally Solutions Managing Director Tejas Goenka said the new service would help as India begins to force companies to adopt electronic invoicing (eInvoicing) in the next few months. Goenka said the company has “been working to ensure that our customers have a smooth experience through this journey.”
Travel and cost management company Navisteps has notched $1 million in a pre-seed round, with investment originating from angel investors, Phocuswire reported. “While expense and travel management solutions are not new, they traditionally target large enterprises. We hope to bring the benefits of expense and travel management solutions to small and medium-sized enterprises (SMEs) through a subscription-based pricing model,” Navisteps Co-founder Ken Tan said, as per the report. The Singapore-based firm was started last year and will harness the infusion to develop its work in Asia in addition to its infrastructure, according to the report.
Pepperl+Fuchs, which works in industrial sensor technology and explosion protection, will work with o9 Solutions‘ artificial intelligence (AI)-powered platform, which will help bolster decision making and better visibility, a press release says. Pepperl+Fuchs will utilize o9’s technology to establish “demand, supply and integrated business planning,” the release says, and help access “real-time visibility across its end-to-end supply chain, to improve decision-making, and to reduce costs.” Pepperl+Fuchs’ operation will be boosted by the new partnership, with the ability to establish a digital twin of its business network and integrate numerous data sources from both internal and external sources. Because of that, the company will be able to engage with what-if scenarios and boost decision making across every node in the supply chain network and “modeling its network, capacities, lead times, and other supply parameters.”
A Brexit deal has been reached between the U.K. and European Union (EU), which will help to define the future relations of the two entities, The Wall Street Journal (WSJ) reports. “So we have finally found an agreement. It was a long and winding road, but we have got a good deal to show for it. It is fair. It is a balanced deal and it is the right and responsible thing to do for both sides,” European Commission President Ursula von der Leyen said in a press conference after the deal was announced, according to WSJ. “The European Union and the United Kingdom will stand shoulder to shoulder to deliver on our common goals.” U.K. Prime Minister Boris Johnson said the deal will put an end to the uncertainty that has been twisted up in the country’s politics for years. With the deal, Johnson said, the country will have a better chance at recovering from the pandemic as well.