Today, in B2B, Chinese lifestyle brand platform Onion Global is upgrading its supply-to-business (STB) strategy, which integrates upstream supply chain capabilities with a base of B2B customers. Additionally, international logistics software firm FlavorCloud is forming a partnership with global strategy firm ShipBob, and Pakistani commodity sourcing platform Zaraye is raising $2.1m in pre-seed funding.
Onion Global upgrades its “Supply-to-Business” strategy to support B2B customers
Onion Global Limited is undertaking what it calls an enhanced ‘Supply to Business’ (STB) strategy that integrates upstream supply chain capabilities with a growing B2B customer base. They will use this strategy to create a “super trading platform” that offers an operating system that supports B2B customers with issues such as supply chain, data analytics, and branded transactions.
FlavorCloud Announces Partnership with ShipBob to Provide Shipping Solutions
FlavorCloud has partnered with ShipBob, which uses sales channels to distribute customer orders. The deal will see ShipBob integrate with FlavorCloud’s platform and its international services. The partnership is expected to provide customers with seamless cross-border shipping and returns, and it also opens the door for ShipBob customers to distribute Guaranteed Delivery Duty Paid (DDP) orders in more than 200 countries.
Pakistani Commodity Tech Startup Zaraye Raises $2.1M in Pre-Seed Funding
Zaraye raised $2.1 million in pre-seed funding which it will use to hire new workers, advance its technology and scale the business across multiple categories in its market. Tiger Global and Zayn Capital led the fundraising effort, marking Tiger’s first pre-seed investment in Pakistan. +92 Ventures, Alan Rutledge, Jack Rizvi and current and former Careem employees also joined the round.
Lack of understanding is holding back innovation in digital payments
Adopting the latest technologies can help companies keep their business running smoothly while benefiting customer and supplier relationships. However, many challenges prevent this from becoming a reality, including a lack of understanding of the benefits. It’s the top hurdle for large businesses and the third most cited hurdle for midsize businesses, according to Accelerating the Time to Realized Revenue, a collaboration between PYMNTS and Mastercard.
Fast sending of quotes, invoices and payments strengthens B2B activities
For landscaping businesses and contractors, first impressions are crucial. If they are going to ask a potential client to entrust them with a big project that takes time, they are going to have to establish a relationship of trust. One way to build and maintain that trust is to quickly provide estimates, invoices and, in the case of suppliers, payments, said Armand Luisi, president of Scenic Isle Landscape Design, in an interview with PYMNTS.