Today in B2B payments, ForwardAI discusses the value of faster, more secure small business lending, and Battery Ventures focuses on SaaS FinTech investment. Plus, Xsolla discusses video game developers’ influencer payout challenges, Allica Bank launches direct-to-SMB banking, and Mastercard collaborates on another SMB card product.
Social media influencers are attracting larger chunks of video game developers’ marketing budgets, but there aren’t any cheat codes to understanding how to manage and pay these partners. Konstantin Andryushchenko, head of business, publishing at Xsolla, explains the value of an industry-specific approach to automation.
Allica Bank has rolled out an offering for small and medium-sized businesses (SMBs) that is a direct-to-SMB banking solution, according to a press release. The offering will “bring back the local relationship manager” for established SMBs. The bank has also appointed three relationship managers and one new business executive to support the launch, the release stated.
Mastercard and BoB Financial Solutions have entered into an agreement to let BoB Financial provide small and medium-sized business (SMB) customers with credit cards they can use to receive money as well as spend it, the companies announced in a press release. The card is called ConQR, and it is a Mastercard QR on Card solution, the release stated.