After a long overshadow by their consumer counterparts, B2B payment firms are yet again seeing interest from venture capital, private equity and strategic investors.
A recent report by McKinsey & Co. estimated the size of the global payments industry at $1.8 trillion in 2015, growing to $2.2 trillion by 2020 on strong fundamentals.
B2B payments isn’t an easy market to enter. Banks traditionally have dominated business-to-business payments and they may decide to buy B2B companies rather than try to develop that expertise in house as it replaces their legacy ERP systems.
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