Today in B2B payments, Nook eyes B2B ecosystems to combat the Business Email Compromise scam, and Clear acquires yBANQ. Plus, Land Gorilla discusses construction lending disruption, BarterPay collaborates with Meridian credit union, and Finstro launches a corporate card.
A housing shortage, surging demand for remodeling, supply chain bottlenecks and late B2B payments — it’s a challenging time to be in the construction space, and builders need quick access to funds to finance their projects. Land Gorilla CEO Sean Faries spoke about the importance of industry visibility for lenders to accelerate underwriting and disbursements.
Canadian credit union (CU) Meridian and Hamilton, Ontario-based BarterPay have collaborated to provide the latter entity’s trading platform to Meridian Business Banking Members throughout Ontario, according to a Wednesday (July 7) announcement. Firms can obtain different kinds of products and services by the way of the BarterPay platform without needing to harness funds. They can do this by exchanging their “spare capacity,” which could include “unsold time, space and idle inventory,” according to the announcement.
Finstro, which provides trade and credit services for B2B commerce, is rolling out its services for the U.S., a Tuesday (July 6) press release said. That will encompass the company’s card solution, with eyes toward boosting the buyer-supplier relationship. Finstro’s cards can be used for fast applications, quick funding and flexible repayments, and the company offers APIs that can be integrated with a company’s existing ERPs.