With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. Meanwhile, logistics, data analytics, and business travel technologies also won over investors. Below, PYMNTS breaks down the latest in B2B FinTech funding.
With an eye on the freelancer segment, neobank Joust has just announced a $2.6 million funding round provided by PTB Ventures, Accion Venture Lab, Financial Venture Studio and Techstars. The company connects entrepreneurs and freelancers with bank and financial services that include invoicing and payment acceptance, pointing to the challenge of these professionals of getting paid on-time and managing the irregularities of their cash flows. In addition to banking, Joust offers invoice guarantees with its PayArmour product, allowing small businesses and freelancers to obtain invoice financing and an integrated bank account and payment processing suite of services. The U.S.-based company said it will use its seed funding to propel the company’s expansion.