Investments in 10 fintech companies worldwide in AP/AR B2B payments as of 2021
Invoice automation software received several investments in recent years, with AvidXchange having had over three times more money than Bill.com before its IPO. Software solutions to automate processes surrounding accounts payable and receivable - like processing large volumes of invoices or managing financial transactions from one company to its suppliers - is increasingly seen as one of the more urgent aspects of digital B2B payments. This became especially prevalent in the wake of the COVID-19 pandemic, as many companies were suddenly unable to pay their bills on time. In Germany, for instance, the average number of days before a B2B transactions was settled in Germany grew from 22 days in 2019 to more than three months in 2020 - a figure substantially higher than the