B2B: FloorFound Expands reCommerce Platform
Summary
Today in B2B payments, FloorFound raises $10.5 million, while Gaviti and Sage team on accounts receivable (AR) automation. reCommerce company FloorFound has gotten $10.5 million in Series A financing that it will use to expand the its market presence in the U.S. and add new retail verticals for appliances, mattresses and exercise equipment. AR automation system Gaviti is partnering with accounting, financial, HR and payroll firm Sage to better manage invoices. The tie-up will see Gaviti integrating its account with the Sage Intacct cloud management system, which will let customers of both companies streamline their user collection processes and bolster businesses’ overall cash flow. This will organize and transmit contractor job information directly to lien service providers and get rid of manual processing.
Funding
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