B2B e-commerce

Juniper Research: Virtual Card Transaction Values to Increase by 370% Globally in Five Years

Retrieved on: 
Monday, June 28, 2021

Virtual cards, secure digital cards with randomly generated details, will show strong growth as they are increasingly used for B2B payments.

Key Points: 
  • Virtual cards, secure digital cards with randomly generated details, will show strong growth as they are increasingly used for B2B payments.
  • The new research, Virtual Cards: B2B and B2C Applications, Competitive Analysis & Market Forecasts 2021-2026 , predicts that outside of the dynamic B2B market, the added security from virtual cards will also appeal to the consumer market.
  • The report found that B2B payments will continue to account for the majority of virtual cards transaction value; totalling 71% of total value in 2026.
  • While B2B sales occur less frequently, yielding under 1% of transaction volume in 2026, average transaction values are much higher in the B2B segment.

AiHuiShou International Co. Ltd. Announces Pricing of Initial Public Offering

Retrieved on: 
Friday, June 18, 2021

Headquartered in Shanghai, AiHuiShou International Co. Ltd. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew.

Key Points: 
  • Headquartered in Shanghai, AiHuiShou International Co. Ltd. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew.
  • ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services.
  • Through its end-to-end coverage of the entire value chain and its proprietary inspection, grading, and pricing technologies, ATRenew sets the standard for China's pre-owned consumer electronics industry.
  • This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S.

2021 Amazon Business B2B E-commerce in Evolution Report Highlights Gaps, Opportunities in E-Procurement Process

Retrieved on: 
Monday, June 14, 2021

Amazon Business today released the first 2021 B2B E-commerce in Evolution Report, which shares B2B trends and new insights from U.S. procurement professionals across industries and organizations of every size.

Key Points: 
  • Amazon Business today released the first 2021 B2B E-commerce in Evolution Report, which shares B2B trends and new insights from U.S. procurement professionals across industries and organizations of every size.
  • Our 2021 B2B E-commerce in Evolution report underlines the fact that simply leveraging e-procurement is no longer enough, said Todd Heimes, director of Amazon Business.
  • Download the 2021 Amazon Business B2B E-commerce in Evolution Report here .
  • The 2021 Amazon Business B2B E-commerce in Evolution report revealed that the consumer push to prioritize social and environmental issues is also important to both B2B buyers and sellers, in all industries.

Fintech Hokodo Raises $12.5 Million in Series A Funding, Enabling B2B Merchants to Offer Instant Payment Terms and Scale With Confidence

Retrieved on: 
Thursday, June 10, 2021

Hokodo, the fast-growth European fintech enabling B2B merchants to offer their customers payment terms in real time, today announced its $12.5 million Series A.

Key Points: 
  • Hokodo, the fast-growth European fintech enabling B2B merchants to offer their customers payment terms in real time, today announced its $12.5 million Series A.
  • Founded in 2018 by Richard Thornton, Louis Carbonnier and Sami Ben Hatit, Hokodo provides B2B merchants with real-time trade credit solutions.
  • With Hokodo, merchants can offer instant payment terms to their customers through a frictionless B2C-like Buy Now Pay Later checkout experience.
  • Hokodos technology empowers B2B merchants to offer credit terms to their business customers instantly, even on their first purchase.

Digital River and TreviPay Partner with Lenovo to Enhance the B2B Buying Experience with New Payment Options

Retrieved on: 
Wednesday, June 9, 2021

The solution gives Lenovos B2B customers a new, flexible purchasing experience to better manage cash flow and reduce friction with buyers.

Key Points: 
  • The solution gives Lenovos B2B customers a new, flexible purchasing experience to better manage cash flow and reduce friction with buyers.
  • TreviPay, enabled through Digital Rivers Global Seller Services , provides B2B brands with a competitive edge by offering seamless ecommerce check-out options for buyers to pay on their preferred terms.
  • The technology gives Lenovos B2B customers a streamlined, consumer-like purchasing experience proven to increase conversion rates and cement brand loyalty.
  • In the new era of B2B commerce, offering a streamlined and convenient, embedded payment experience is essential for B2B companies to compete globally and drive customer loyalty.

Japan B2B Payment Services Customer Report 2021: Understand the Financial Services Needs of Business Customers - ResearchAndMarkets.com

Retrieved on: 
Friday, June 4, 2021

The "Japan B2B Payment Services Voice of Customer, 2021" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Japan B2B Payment Services Voice of Customer, 2021" report has been added to ResearchAndMarkets.com's offering.
  • B2B2C payments needs are driving B2B payment solutions development, while demand for B2B solutions alone is far lower.
  • The report studied 101 businesses in Japan between January and February 2021 to assess the current state of the industry and uncover actionable insights to drive digital B2B payment services in Japan.
  • This report's target audience includes financial services providers and payment services providers keen on understanding the financial services needs of business customers in Japan.

BigCommerce Launches B2B Edition to Help B2B Enterprise Merchants Enhance Sales Operations

Retrieved on: 
Wednesday, June 2, 2021

B2B Edition provides an advanced suite of B2B functionalities through our exclusive partner integration of BundleB2B with BigCommerce Enterprise to help merchants better facilitate online operations, and provide customers with seamless transactions and convenient self-service account capabilities.

Key Points: 
  • B2B Edition provides an advanced suite of B2B functionalities through our exclusive partner integration of BundleB2B with BigCommerce Enterprise to help merchants better facilitate online operations, and provide customers with seamless transactions and convenient self-service account capabilities.
  • BigCommerce Enterprise provides a host of enterprise B2B sales features and seamless integration with point-of-sale and ERP platforms.
  • B2B companies with complex operations can now add new channels quickly, create B2C-level experiences and run operations for B2B and B2C audiences on a single platform.
  • Additionally, merchants with multiple stores can combine them into one contract whether each individual store uses B2B Edition or not.

Liquidity Services to Participate in the Barrington Research Spring Investment Conference

Retrieved on: 
Tuesday, May 25, 2021

BETHESDA, Md., May 25, 2021 (GLOBE NEWSWIRE) -- Liquidity Services, (Nasdaq:LQDT), the worlds largest B2B e-commerce marketplace for business and government surplus, announced that Bill Angrick, Co-Founder, Chairman and CEO and Jorge Celaya, CFO, will be participating in the 15th Annual Barrington Research Investment Conference on Thursday, May 27, 2021.

Key Points: 
  • BETHESDA, Md., May 25, 2021 (GLOBE NEWSWIRE) -- Liquidity Services, (Nasdaq:LQDT), the worlds largest B2B e-commerce marketplace for business and government surplus, announced that Bill Angrick, Co-Founder, Chairman and CEO and Jorge Celaya, CFO, will be participating in the 15th Annual Barrington Research Investment Conference on Thursday, May 27, 2021.
  • Mr. Angrick and Mr. Celaya will host virtual one-on-ones and small group meetings throughout the day.
  • Interested parties should visit Barrington Research Virtual Spring Investment Conference - May 27th, 2021 (meetmax.com) for conference information.
  • Liquidity Services (NASDAQ: LQDT) operates the worlds largest B2B e-commerce marketplace platform for surplus assets with over $8.5 Billion of completed transactions, more than 3.8 million registered buyers and 15,000 corporate and government sellers.

Resolve Lands $60M to Expand its Embedded Billing Platform for B2B Buy Now Pay Later

Retrieved on: 
Tuesday, May 25, 2021

Launched as a spinout from Affirm in 2019, Resolve has seen overwhelming demand for B2B buy now, pay later (BNPL) billing for business purchases.

Key Points: 
  • Launched as a spinout from Affirm in 2019, Resolve has seen overwhelming demand for B2B buy now, pay later (BNPL) billing for business purchases.
  • Its digital 30-, 60-, or 90-day net terms and credit billing solution frees up B2B sellers and buyers to focus on growing their businesses.
  • Resolves billing platform for deferred payments modernizes this timeless B2B transaction with technology thats built for the digital and e-commerce era.
  • Resolve is a complete digital net terms and credit billing solution that extends buy now pay later capabilities for B2B transactions.

Net Terms Turn Relic as B2B E-Commerce Payments Evolve, Making Short Term Financing More Accessible

Retrieved on: 
Thursday, May 20, 2021

"\nCredit Key currently offers a free net 30 program at checkout, yet purchasers are electing for a longer payment 90 percent of the time.

Key Points: 
  • "\nCredit Key currently offers a free net 30 program at checkout, yet purchasers are electing for a longer payment 90 percent of the time.
  • Six-month terms are favored by 37 percent of borrowers with average credit worthiness, 19 percent of whom opt for 12-month terms.
  • But, B2B e-commerce payments are increasing rapidly and expected to reach $1.8T within the next two years.
  • Credit Key\'s proprietary process facilitates lightning-fast financing approval that is unique in the B2B space and proven to help merchants drive sales, revenue and conversions.