Today in B2B, Chinese lifestyle brand platform Onion Global upgrades its “supply-to-business” (STB) strategy, which integrates upstream supply chain capabilities with a base of B2B customers. Plus, international logistics software company FlavorCloud forms a partnership with global strategy firm ShipBob, and Pakistani raw materials procurement platform Zaraye raises$2.1 million in pre-seed funding.
Onion Global Upgrades ‘Supply-to-Business’ Strategy to Support B2B Customers
Onion Global Limited is undertaking what it calls an upgraded “supply-to-business” (STB) strategy that integrates upstream supply chain capabilities with a growing B2B customer base. The will use this strategy to craft a “super trading platform” that offers an operating system that supports B2B customers with issues that include supply chain, data analysis and brand transactions.
FlavorCloud Announces Partnership With ShipBob to Deliver Shipping Solutions
FlavorCloud has teamed up with ShipBob, which employs selling channels to distribute customer orders. The deal will see ShipBob integrate with FlavorCloud’s platform and its international services. The partnership is expected to provide customers with seamless cross-border shipping and returns, and it also opens the door for ShipBob customers to distribute orders guaranteed delivery duty paid (DDP) to more than 200 countries.
Pakistani Raw Materials Tech Startup Zaraye Raises $2.1M in Pre-Seed Funding
Zaraye has raised $2.1 million in pre-seed funding that it will use to hire new workers, advance its technology and scale the company across several categories on its marketplace. Tiger Global and Zayn Capital led the fundraising effort, marking Tiger’s first pre-seed investment in Pakistan. Also joining the round were +92 Ventures, Alan Rutledge, Jack Rizvi, and current and former Careem employees.
Lack of Understanding Holds Back Digital Payments Innovation
Embracing the newest technologies can help firms make sure their businesses operate smoothly while benefiting customer and supplier relationships. However, there are many challenges keeping this from becoming a reality, among them a lack of understanding of the benefits. That’s the key barrier for large-market firms and the third-most-cited barrier for midmarket firms, according to “Accelerating the Time to Realized Revenue,” a PYMNTS and Mastercard collaboration.
Quickly Sending Estimates, Invoices and Payments Builds B2B Business
For companies and contractors in the landscaping field, first impressions are crucial. If they’re going to ask a potential client to entrust them with a big, time-consuming project, they’re going to need to build trust. One way to establish and retain that trust is to quickly deliver estimates, invoices and, in the case of vendors, payments, Armand Luisi, president of Scenic Isle Landscape Design, said in an interview with PYMNTS.
NEW PYMNTS DATA: THE FUTURE OF BUSINESS PAYABLES INNOVATION STUDY– APRIL 2022
About: While over half of SMBs believe that an all-in-one payment platform can save them time and improve visibility into cash flows, 56% believe that the solution could be difficult to integrate with existing AP and AR systems. The Future Of Business Payables Innovation Report, a PYMNTS and Plastiq collaboration, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed SMBs’ expectations and help future-proof their businesses.