Melio Simplifies B2B Payments for small businesses by raising $144M

Business Wire | September 08, 2020

Melio, a B2B payments company helping small businesses digitally manage their supplier payments, has raised $144m to reach more small businesses across the US as they shift to digital solutions to help manage the economic effects of Covid-19. Small businesses typically use a variety of different tools to manage supplier payments, with almost half of B2B payments carried out with paper checks. Melio’s digital accounts payable and receivable dashboard provides a single, integrated tool that allows small businesses to transfer and receive payments in a faster, easier way, giving oversight and control over cash flow, reducing or eliminating late payment costs, and giving businesses back valuable time.

Spotlight

The net rental income from continued operations decreased by 0.5% from € 167.3m to € 166.4m. This can mainly be attributed to property disposals and lower rental income in France, which were partly compensated by additional rental income from developments that were taken into operation. Net rental income Finland is accounted for as discontinued operations.


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BUSINESS STRATEGY

FreshBooks Expands With Invoicing Starter Plan for New Zealand Small Businesses

FreshBooks | May 26, 2022

FreshBooks, a cloud-based accounting software provider, announced that it is expanding its invoicing software offering to meet the needs of New Zealand small businesses. This includes the creation of a new starter plan and competitive pricing packages with unique pricing, set in NZ currency. “FreshBooks recognizes the depth and breadth of small businesses across New Zealand. We’re excited to help local owners impress their clients and get paid faster with our competitive new starter plan and invoicing software, FreshBooks is listening to the passionate small business owners in New Zealand by making it easier for them to digitize their invoicing.” -Dragana Ljubisavljevic, SVP of International Markets at FreshBooks The expansion in New Zealand arrives as small business owners look for invoicing software that is intuitive and simple to use. FreshBooks is different because it’s built exclusively for small businesses, making it easier to stay on top of invoicing. The company’s new starter plan in New Zealand lets businesses: Send 2 invoices per month to up to 2 clients Collect online payments without invoicing Track unlimited expenses Get paid with credit cards via Stripe & PayPal Access their account from anywhere on iOS and Android devices All pricing packages are being offered at new competitive rates. The expansion in New Zealand builds on FreshBooks securing $130M in funding, bringing its valuation to over USD $1 Billion. With a mission to reach more customers in more countries around the world, FreshBooks also acquired German-based FastBill to strengthen global expansion plans. Learn more about FreshBooks here. About FreshBooks FreshBooks is changing the way business owners manage their books. Its owner-first accounting platform, loved by businesses in over 160 countries, takes an easy-to-use approach to managing finances, billing, payments, and client engagement. FreshBooks, known for its 10x Stevie award-winning customer support, serves customers of all sizes from offices in Canada, Croatia, Mexico, Germany, Netherlands, and the US.

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FINANCE

Finastra collaborates with Microsoft to bring embedded financing options to thousands of businesses with Banking as a Service

Finastra | April 13, 2022

Finastra today announced a Banking as a Service (BaaS) collaboration with Microsoft to bring new lending options to thousands of Small and Medium Enterprises (SMEs) – a sector severely underserved when it comes to accessing finance. SMEs using Microsoft Dynamics 365 will be able to access and unlock vital financing offers without leaving their business management platform. This move will enable SME owners to access relevant and valuable business financing in a seamless and frictionless manner. Users will be able to unlock lending options within Dynamics 365. With consent from the SME, the solution will use information an SME already stores within Microsoft Dynamics 365, making it easier for them to apply for lending. The ability to provide banks with additional information, including accounts receivable and payable records, will improve lending decisions and time to cash for SMEs. Finastra's expansive network of over 5,000 financial institutions in the US will allow SMEs to access the most relevant and valuable financing options for their specific business needs. "We are extremely excited to bring this additional finance capability to SMEs to ease the process of accessing capital, and power competitive financing offers in less time. This lending proposition for Microsoft Dynamics 365 reinforces Finastra's leadership in open and embedded finance. It demonstrates the huge benefit that embedded and contextual finance will bring to the industry and the communities within it. We look forward to continuing our long-standing collaboration with Microsoft and working closely on this and future impactful projects." Angus Ross, Chief Revenue Officer, Banking as a Service, at Finastra "We are proud to further expand our relationship with Finastra to drive new value for small and medium enterprises, the backbone of job creation in the world's economy," said Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft. "By embedding secure access to key financial services in the context of Microsoft Dynamics 365, our SME customers will have a faster path to the financing options and critical capital they need to thrive." The Finastra SME embedded finance solution on Microsoft Dynamics 365 will be integrated with open APIs through Finastra's FusionFabric.cloud platform. The solution is expected to go live in Summer this year, with initial focus on North America customers. About Finastra Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world's top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. About FusionFabric.cloud FusionFabric.cloud is a scalable, open and collaborative platform built by Finastra. It brings together an ecosystem of financial institutions, core providers, developers and fintechs, as well as embedders and distributors of financial services. Financial institutions use FusionFabric.cloud to enhance efficiency, create new experiences for customers and offer services through new distributor channels as part of Banking as a Service (BaaS). Embedders and distributors can tap in to the platform to source, and integrate with, financial institutions which can quickly produce new financial products in context.

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MARKETING AND NETWORKING

Star Social Media App MeetEdgar Acquired by SureSwift Capital

SureSwift Capital | January 20, 2022

MeetEdgar, a popular app used by thousands of entrepreneurs, small businesses, and influencers to automate social media content creation and scheduling has been acquired by SureSwift Capital. MeetEdgar was founded in 2014 by serial entrepreneur, Laura Roeder, who made a name for herself in social media marketing with her consultancy LKR Social Media prior to making the switch to software. Roeder’s resume includes features in Forbes, Entrepreneur Magazine, and Bloomberg News, appearances at South by Southwest Interactive and BlogHer, and in 2011 she was invited to speak at the White House as one of the top 100 entrepreneurs under 30 years old. Roeder says it was always her intention to sell the business someday. “I felt as if I had grown MeetEdgar to an amazing point, but after seven years I was more excited about the prospect of focusing fully on my new coaching software business, Paperbell. One of the reasons I wanted to start a SaaS was to create an asset that I could sell at some point down the line, so it wasn't a difficult decision for me. But you do pour a lot of yourself into a business, so it was important to me that I found a new owner who shared my values, would be able to grow the business, and take care of the customers.” “Laura is exactly the kind of founder that our business was built for. Serial entrepreneurs will always have a next project they want to focus fully on, and SureSwift is able to give them a dream exit so they can go pursue that next thing knowing their customers, team, and product are in great hands.” SureSwift Capital Founder and CEO, Kevin McArdle About SureSwift Capital SureSwift Capital is a remote-first, global company that acquires SaaS businesses from independent founders and takes them to the next stage of growth. Founded in 2015, the company has completed more than 40 acquisitions to date. About MeetEdgar MeetEdgar was designed to make it easier than ever for marketers to share their best evergreen content on social. Today it helps thousands manage their social channels to build their online brand.

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TECHNOLOGY

Linksys Launches New WiFi 6 Cloud Managed Access Point for Small Businesses

Linksys | January 06, 2022

-Linksys, a global leader in home and business WiFi solutions, today announces the launch of its WiFi 6 Cloud Managed Access Point. “While many workers and companies embrace hybrid work solutions, offices and small businesses still need to ensure they have the latest in fast, reliable and secure WiFi connectivity. At Linksys we recognize both sides of the hybrid work era, and in addition to our remote work solutions we are excited to also launch our newest WiFi 6 Dual-Band access point.” John Minasyan, Director of Product Management, Linksys As retail stores, medical offices, small businesses, and commercial spaces begin to operate at pre-pandemic levels and foot traffic continues to increase, the WiFi 6 Cloud Managed Access Point’s 4x4 internal antennas deliver safer, more secure and faster WiFi for areas needing to service a high density of concurrent client connections. With the control plane in the cloud and a cloud-native operating system running on the units, zero-touch provisioning, configuration, management, and monitoring are extremely efficient and simple. With access to Linksys Cloud, users can also scale with no limit to the number of networks and devices managed. Additional features include: Qualcomm® Networking pro Platform 1200: Next-generation technology transforms business WiFi with its wire-like stability and blazing-fast performance. Media-rich Captive Portal: Cloud hosted captive portal splash page and a built-in captive portal editor allows users to upload logos and graphics of any size, customized Terms of Service Agreement or even manage Wi-Fi access with an extra passcode at no additional cost. Reduce costs: Use Cloud Management without recurring license fees and get access to dedicated professional technical support with no recurring fees. TAA compliant: NDAA and GSA compliant for US government contracts. About Linksys At Linksys, we strive to build the world’s most reliable, innovative, future-ready wireless technologies that can securely connect every person and everything, effortlessly. Founded in 1988, Linksys has since established itself as a premier networking brand. Today, Linksys hardware products, software, and services are sold in 64 countries worldwide, ranging from home routers and mesh systems to business access points and switches. Recently, Linksys expanded into education and enterprise through its partnership with Fortinet, the leader in enterprise-grade security.

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Spotlight

The net rental income from continued operations decreased by 0.5% from € 167.3m to € 166.4m. This can mainly be attributed to property disposals and lower rental income in France, which were partly compensated by additional rental income from developments that were taken into operation. Net rental income Finland is accounted for as discontinued operations.

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