Meet Fintecture, a French startup that wants to upgrade B2B payments. While many payment companies have focused on B2C payments with Stripe leading the way, B2B payments haven’t changed much over the years.
“In the U.S., there are still a lot of paper checks. In Europe, it’s mostly transfers and manual reconciliation,” Fintecture co-founder and CEO Faysal Oudmine told me.
But this underinvestment in the B2B market is weird as those transactions represent a much larger volume than B2C transactions. That’s because the average B2B transaction is much larger — we are talking about tens of thousand
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