• B2B payments and invoicing network TreviPay launched its Universal Acceptance solution.
• The technology will enable suppliers to offer trade credit financing to qualified buyers.
• TreviPay made its Finovate debut two years ago at FinovateFall.

Courtesy of a partnership with Mastercard, B2B payments and invoicing network TreviPay launched its Universal Acceptance solution this week. The new offering will enable suppliers who accept Mastercard to extend net terms, or trade credit financing, as well as provide SKU-level invoicing to business customers.

TreviPay CEO Brandon Spear called the launch of the Universal Acceptance solution “an industry milestone.” According to Spear, the solution eliminates much of the complexity of B2B purchasing by taking a “consumer-like” approach to the buying experience. Research commissioned by the company revealed inefficient processes, incorrect invoicing, and slow onboarding as three key pain points for international business buyers. This research also indicated that trade credit was a leading payment option among these same buyers.

To this end, TreviPay’s Universal Acceptance solution enables suppliers who accept credit cards to offer net-terms financing to qualified buyers. TreviPay automates onboarding, financing, and accounts receivable to enhance efficiency and streamline the process. The platform also automatically sends invoices to the merchant’s buyer. This means that suppliers don’t have to worry about the cost and time spent pursuing outstanding or late payments. TreviPay assumes all risks relating to collection and guaranteeing settlement to merchants upfront.

TreviPay’s platform can be implemented in its original API integration directly into the seller’s point of acceptance. Users can also deploy the platform without API integration, relying on Mastercard’s global acceptance network instead.

Rebecca Meeker, SVP, Global Partnerships and Segments, Mastercard, praised TreviPay and Mastercard’s “shared vision to bring consumer-grade convenience to B2B transactions.” Meeker underscored the “seamless invoice reconciliation and faster settlement” made possible via the partnership.

Founded in 1980, TreviPay is headquartered in Overland Park, Kansas. The company made its Finovate debut at FinovateFall 2022. At the conference, TreviPay’s Rissi Lovern and Max Almerico demoed TreviPay’s Small Business Supplier Payments Network (SBSN). The network enables banks to offer a wide range of products to their small business customers via access to the small business B2B trade credit market.

Last fall, TreviPay launched its Financial Partner Gateway. A new suite of APIs, the Financial Partner Gateway enables banks to deliver solutions including automated accounts receivable, underwriting, and trade credit management. The Gateway gives banks new revenue opportunities while helping TreviPay expand internationally. In August, the company introduced its support for cross-currency, B2B sales.

Photo by Luciann Photography

• TreviPay, a B2B payments and invoicing network, announced support for cross-currency sales between businesses.
• The new capability will serve as an “enhanced trade credit” and will help businesses increase buyer loyalty.
• Headquartered in Kansas, TreviPay made its Finovate debut last September at FinovateFall.

B2B payments and invoicing network TreviPay announced support for cross-currency sales between businesses. The new capability will enable TreviPay to facilitate transactions in which buyers want to be invoiced in and to pay with a currency that is different from the currency disbursed to the merchant. Referring to the capability as an “enhanced trade credit,” TreviPay believes it will help businesses boost buyer loyalty.

Brandon Spear, TreviPay CEO, pointed out that merchants operating on a global scale have unique challenges when it comes to their more diverse customer base. “Not all merchants are able to establish a bank account in every preferred currency of their customers,” Spear said. “TreviPay’s enhanced technology and cross-currency solution empowers geographical expansion and makes global trade more accessible to merchants across all sales channels.”

Founded in 1980 and headquartered in Overland Park, Kansas, TreviPay made its Finovate debut last year at FinovateFall. At the conference, the company showed how its Small Business Supplier Payments Network enables banks tap into the small business B2B trade credit market and expand their small business product offerings. In her presentation, TreviPay SVP and Head of Small Business Markets Rissi Lovern explained the financial burdens placed on small business suppliers as an opportunity for banks.

“Every day our small business suppliers act as a bank for their business customers,” Lovern said to the FinovateFall audience last September. “Oftentimes these business customers are much larger than they are. In fact, in the U.S., they extend five trillion dollars in trade credit annually, financing less than 15% of those extensions, and waiting an average of 51 days to get paid.”

Small business suppliers want real-time, risk-free, debt free payments, Lovern said. Business buyers, at the same time, demand trade credit because it is a key component of their working capital stack. TreviPay’s Small Business Supplier Payments Network responds to both needs.

In the year since its Finovate debut, TreviPay has teamed up with payments orchestration technology provider BlueSnap and acquired payments platform Apruve, and forged partnerships with SME cashflow specialist Cloudfloat and SaaS-based marketplace management solution Mirakl. More recently, the company announced a partnership with Samsung Electronics Australia. The deal will enable Samsung’s direct-to-consumer business to extend payment terms and invoice-based purchasing to B2B buyers.

“In today’s world, enabling merchants to extend credit to their buyers in a streamlined and convenient embedded payment experience is essential to compete globally and drive customer loyalty,” Spear said.

Operating in 32 countries and in 20 currencies, TreviPay processes more than $6 billion in transaction volume annually.

Photo by Lukas Kloeppel

• B2B payments and invoice networking operator TreviPay announced a partnership with B2B cashflow specialist Cloudfloat.
• The goal of the partnership is to help stimulate business opportunities for both companies. TreviPay serves the enterprise market. Cloudfloat specializes in serving small and medium-sized businesses.
• TreviPay made its Finovate debut last September at FinovateFall in New York.

B2B payments and invoice networking innovator TreviPay has partnered with B2B cashflow specialist Cloudfloat. The collaboration is designed to bring new business opportunities to both parties: TreviPay – with $7 billion in transaction volume across 34 countries – serves mostly the enterprise market while Cloudfloat specializes in serving small and medium-sized businesses. Via the partnership, the companies expect to serve as valuable references for each other’s respective customer type.

“TreviPay is delighted to be a referral partner with Cloudfloat,” TreviPay Managing Director, APAC, Piers Gorman said. “As the B2B payments landscape matures, there is a significant runway to support all areas of the B2B economy. With opportunities for merchants of all sizes, our referral relationship with Cloudfloat will help bring best-in-class payment options to businesses of all sizes.”

Cloudfloat, founded in 2020 and headquartered in Australia, provides small and medium-sized businesses with time-of-purchase financing, enabling them to make full, timely purchases without immediately impacting cashflow. The financing comes with terms up to 90 days, with no interest charged. The company has realized month-on-month growth of 10% since inception, serving businesses in verticals ranging from hospitality and construction to retail and digital services. “This partnership presents a tremendous opportunity for our business because it unlocks business opportunities which have the potential to help us grow exponentially,” Cloudfloat founder and CEO Aleem Habibullah said.

TreviPay made its Finovate debut last September at FinovateFall in New York. At the conference, the Overland, Kansas-based fintech demoed its Small Business Supplier Payments Network (SBSN). The network provides a way for banks to grow their small business product suite via a solution that enables them to tap into the small business, B2B trade credit market.

In the months since then, TreviPay has partnered with BlueSnap, integrating card-based payments processing into its platform; acquired payment platform Apruve (terms not disclosed); and hired Allen Bonde as its new Chief Marketing Officer.

Photo by eberhard grossgasteiger