Today in B2B payments, Lumanu discusses influencers’ AR challenges, while Transcard expands abroad. Plus, Hatch eyes micro-firms’ banking pains, Chain.io lands funding and NatWest launches its accelerator program.
New small businesses are popping up on Main Street at a record-setting pace, but these micro-firms lack access to banking and other financial services necessary to drive economic recovery forward. Thomson Nguyen, founder and CEO of small business neobank Hatch, discusses the banking must-haves for the smallest of small and medium-sized businesses (SMBs).
Cloud-based supply chain integration platform Chain.io has completed a funding round for $5 million, a press release says. The round was led by Grand Ventures and Mercury. Also participating are Honeywell Ventures and Engage. The Chain.io network processes over 100 million data transformations per month, with data from 10 out of the top 15 largest freight forwarders in the world. The network has also doubled in size in the past year.
U.K. bank NatWest Group, which shifted its accelerator program to a virtual model in response to the pandemic, is restoring the network of incubators for small and medium-sized businesses (SMBs) in a hybrid setup, according to a press release. In its new iteration, the program will focus especially on SMBs considered poised to grow quickly and focused on addressing climate change, the release stated.