PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Centime Links Up With Visa’s Fast Track Program

Steve Murphy by Steve Murphy
August 16, 2021
in Analysts Coverage, B2B, Cash, Fintech, Liquidity, Small Business
0
Centime Links Up With Visa’s Fast Track Program

Centime Links Up With Visa’s Fast Track Program

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The innovation train just keeps rolling as another startup emerges in the B2B payments space. Centime is based in Massachusetts and is led by founder and CEO BC Krishna, who some readers may recall was the founder of payables fintech Mineral Tree. Through its platform, the Centime startup is providing better cash flow options to companies in the SMB segment, which can be broken down into many sub-segments, but shares a common general issue of maintaining adequate levels of liquidity. 

This has been especially punishing during the pandemic, so new entries like Centime are creating ways to improve cash visibility, provide speedier execution in financial operations, and easier access to credit where needed. We covered the importance of more advanced cash cycle automation in a recent member report. 

The release at PRNewswire indicates that the company has joined the Visa Fast Track program for fintechs, which provides some advantages to innovative startups, including faster onboarding to the Visa network and easier access to its partners across the globe, as well as support from payment experts where required.  

There is a link in the release for those interested to learn more about the program. The release also states that Centime will be working with bank partner FNBO for easier access to commercial credit card lines.

‘Centime’s Cash Flow Control solution empowers small and mid-sized businesses to control and manage cash flow. The relationship with Visa will help Centime power the solution, which allows clients to monitor cash, improve decision-making with real-time cash flow forecasting, nudge late-paying customers and instantly access cost-effective credit to bridge liquidity gaps.’

We managed to chat with CEO Krishna for a few minutes, who indicated that the firm has a strong funding base, great partners, and a unique approach to the glaring cash flow issues faced by SMBs. He advised that there will be much more information available about how the Centime platform solves this common business problem in the coming weeks. 

“We’re delighted to be part of Visa’s Fast Track program,” Centime founder and CEO BC Krishna said. “Small and mid-sized businesses can plan better and grow faster by using Centime to gain control over cash flow. Working with bank partners and empowered by Visa’s network, our clients can now easily access cost-effective credit to meet their working capital needs.”…“By joining Visa’s Fast Track program, exciting fintechs like Centime gain unprecedented access to Visa experts, technology and resources,” said Terry Angelos, SVP and Global Head of Fintech, Visa. “Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency.” 

Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group

Tags: b2b paymentsCash flowCentimeFintechSMBVisa
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    payments friction

    Too Much Payments Friction Can Lead to Customer Chafing

    March 28, 2023
    online fraud

    Understanding the Cost of Online Fraud and How to Prevent It

    March 27, 2023
    live shopping, ebay

    Q&A: eBay Exec on Live Shopping and the Future of Payments

    March 24, 2023
    AI and Biometrics in Regulatory Compliance in Finance

    The Importance of AI and Biometrics in Regulatory Compliance in Finance

    March 23, 2023
    Everyone Benefits from the Real-Time Payment Networks  

    Everyone Benefits from the Real-Time Payment Networks  

    March 22, 2023
    commercial payments

    Optimizing Commercial Payments in the Digital Age

    March 21, 2023
    cross-border payments

    Cross-Border Payments: Fighting
    E-Commerce Fraud Using Data

    March 20, 2023
    fraud, ChatGPT-4

    How to Fight Fraud While Still Enabling a Great Online Customer Experience

    March 17, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the PayPal report