French startup Upflow, known for managing outstanding invoices, is shifting its strategy to become a B2B payment platform.
Upflow aims to address the outdated payment methods in B2B transactions, with 90% of B2B payments happening offline in the US.
The company offers accounts receivable automation software to midsized companies and is now expanding into the financial relationship management (FRM) space.
Upflow plans to introduce its own payment gateway, integrate financing options, and provide useful data for credit scoring to its users.