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B2B PAYMENTSB2B Trade, Finance And Payments Drive VC Funding For FinTechs

2/12/2021

The B2B venture capital boom continues this week with about $118 million in combined funding for a wide variety of FinTechs. Investors dug their heels into B2B trade, financing and payments solutions for small and medium-sized businesses (SMBs), with eCommerce-as-a-Service taking the top spot this week. Plus, more funding is on the way for a FinTech applying the buy now, pay later (BNPL) model to B2B transactions.

Treinta

While the company did not disclose exactly how much it raised, Colombia's Treinta revealed it secured more than $500,000 for its bookkeeping and inventory management technology designed for small businesses across Latin America. The funding is a combination of friends-and-family investment, investment from Y Combinator and a previous round of $220,000 secured earlier this year, according to reports. The company said it will use the funding to expand its product offering to micro-businesses, with the potential to introduce a financing solution.

 

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