Metaprise Banking Adds B2B Payments Offerings for Small Businesses
Metaprise Banking has introduced new B2B payments offerings for entrepreneurs and small businesses worldwide.
The New York-based FinTech company now enables freelancers, retailers and other small and medium-sized businesses (SMBs) to receive payments via different methods, generate online invoices and use payment links to request and receive payments, Metaprise Banking said in a Tuesday (Jan. 24) press release.
“Over the years, several tech-driven solutions have been developed to ease the process of doing business, especially enabling customers to make payments seamlessly without compromising their credentials,” the company said in the release. “However, getting a mix of comprehensiveness, quality and convenience can sometimes be daunting, which further underlines the importance of the range of solutions from Metaprise Banking.”
As PYMNTS reported in August, the B2B payment platform sector is benefiting from tailwinds. These include continuing momentum from the pandemic-driven surge to digitization, the adoption of mobile-first solutions that put the financial back office in the entrepreneur’s back pocket and the need to use software to improve efficiencies during inflationary times.
In the construction industry, for example, nearly half of the firms surveyed said that investing in technology was a No. 1 priority over the next year, with 40% increasing their budget for technology additions, according to the January/February edition of the “B2B and Digital Payments Tracker®,” a PYMNTS and American Express collaboration.
To remove friction, contractors are tapping automation, particularly for back-office processes, and new digital payments. Nearly 80% of construction firms said they are eyeing new technologies to get paid faster, to manage cash flow better and to avoid productivity or quality issues on projects, the report said.
With the addition of its latest B2B payments offerings, Metaprise Banking enables SMBs to generate invoices, pay bills and receive payments, according to the press release.
The FinTech company allows users to send payments via automated clearing house (ACH), wire, SWIFT, debit cards and credit cards, and to send as many as 200 payments in a batch, the release said.
It also offers physical and virtual cards, expense management optimization, and accounting software integrations for automatic payment tracking and reconciliation, per the release.
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