ShelfNow Marketplace Gets Blockchain Integration

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For B2B payments, ShelfNow introduces blockchain integration today, while Kemitt expands its e-commerce offering. Also, VerifyMe acquires Periship, BuyHive brings its third-party sourcing platform to the United States and United Kingdom, new market expansion powered by payments orchestration, The Knot adds cryptocurrency to its wedding registries, and Swvl Holdings acquires Volt Lines.

B2B online marketplace ShelfNow gets blockchain integration

B2B online marketplace ShelfNow has partnered with New Zealand software company Trackgood to introduce blockchain integration through its intelligent platform to create what the company says is the world’s first blockchain-enabled marketplace. Blockchain integration promotes transparency, sustainability, accountability and ethical trading as buyers can see those involved in the supply chain by scanning a QR code on their smartphone. Documents available include tamper-proof images of the production process, profiles of those involved, quality certificates, lot numbers and travel documents.

Kemitt expands its Egyptian e-commerce offering with a B2B platform

Egyptian e-commerce startup Kemitt has unveiled a B2B platform as part of its ongoing diversification beyond its B2C offering. Kemitt’s online marketplace connects product and furniture designers with consumers by handling manufacturing, overhead and last-mile logistics for these companies. Customers have access to 30,000+ SKUs with an on-demand manufacturing option and 7-12 day delivery services.

ID verification company VerifyMe acquires PeriShip for $10.5 million

Identity verification provider VerifyMe has acquired logistics company PeriShip for $10.5 million. PeriShip provides shipping and logistics management for perishable food and healthcare companies. VerifyMe is paying $7.5 million for the company’s assets, plus $1 million in common stock and a $2 million promissory note. PeriShip’s services include time and temperature sensitive package management, predictive analytics and last mile solutions.

The B2B procurement platform BuyHive is launched in the USA and Great Britain

Hong Kong-based global B2B procurement platform BuyHive has launched local operations in US and UK markets. BuyHive hopes to support the sourcing and sourcing needs of a rapidly expanding third-party base. The company recently unveiled its global Expert Sourcing Network, which enables American and European sellers to hire local experts in all major Asian countries for their sourcing.

Payments orchestration facilitates expansion into new B2B markets

According to the Cross-Border Enterprise Payments Innovation Playbook, a collaboration between PYMNTS and Payoneer, research by PYMNTS shows that international e-commerce merchants have a better chance of converting cross-border shoppers when they offer a wider variety of payment options. Digital platforms are also working to expand their cross-border payment capabilities, in part because this can help increase the value they can offer to merchants who use their platforms to reach customers abroad.

Knot’s CFO says couples ask for crypto as gifts but don’t use it to pay

In registry, offered by leading digital wedding planner The Knot Worldwide, couples can register for a mixer, experience or cryptocurrency. That’s one of the changes the company has seen as it serves couples and wedding vendors. Across its various brands, The Knot Worldwide offers couples access to 700,000 local wedding vendors in 16 countries.

Swvl acquires Turkish public transport operator Volt Lines

Tech-enabled mass transit provider Swvl Holdings Corp. has acquired Turkish B2B and transport-as-a-service mobility platform Volt Lines, continuing a series of deals including acquiring majority stakes in Shotl, Viapool and door2door. Swvl’s acquisition of Volt Lines is expected to close in the second quarter of this year. Volt offers corporate customers across Turkey an alternative to public transport and ride-hailing via intelligently routed shared buses as part of a monthly subscription. It works with more than 110 companies in the region.

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NEW PAYMENT DETAILS: INNOVATION STUDY ON THE FUTURE OF TRADE LIABILITIES – APRIL 2022

Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Learn how all-in-one payment solutions can help companies streamline B2B transactions and eliminate friction in AP and eliminate AR management

Above: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow transparency, 56% believe the solution could be difficult to integrate with existing AP and AR systems. The Future Of Business Payables Innovation Report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with sales ranging from $500,000 to $100 million to find out how all-in-one solutions are exceeding SMB expectations and future-proofing their businesses be able.

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