Afternoon Coffee: Coupa partners with PayPal, Stripe, TransferMate, Citi; Orderful raises $10M; Trade issues weigh on manufacturers

Coupa, the provider known for business spend management (BSM), has bolstered its payments capabilities with four deals announced Wednesday at its Las Vegas event, Coupa Inspire. See details in the company’s announcements:

  • “Coupa Software today announced it has teamed with leading digital wallet provider PayPal under its Coupa Pay offering. This partnership will enable businesses with a simple way to pay suppliers through PayPal, empowering its buyer and supplier community to pay smarter together.”
  • Coupa Pay “will integrate with Stripe, the online payments platform. This will make virtual card payments simpler and faster for businesses that use the Coupa BSM Platform.”
  • “In partnership with TransferMate, one of the largest global payments technology providers, Coupa Pay will now offer payments technology and access to TransferMate’s domestic payments capabilities across dozens of countries and cross-border payments in more than 100 countries and currencies. TransferMate’s regulatory money movement rails are seamlessly connected with Coupa Invoice Payments, providing businesses with a global, unified platform to manage their payments.”
  • It also announced a deal with Citi Commercial Cards.

Orderful raises $10 million to modernize B2B supply chain network

San Francisco-based supply chain startup Orderful got $10 million in Series A funding from Andreessen Horowitz, Tech Crunch reports. Orderful aims to modernize supply chain management through an API-based cloud service, TC reports. “The idea behind Orderful is that it has created a series of APIs that can adapt to whatever systems a business is already using, in turn “translating” that business’s product and other data into information that can be imported into the Orderful platform to in turn be picked up by buyers, sellers and shippers,” TC reports.

Survey: Manufacturers see trade issues as top concern

A new survey showed that 56% of the respondents of the National Association of Manufacturers polled felt that trade tensions, including those with Mexico and China, were a top concern for their business, Supply Chain Dive reports. But 80% said they had a positive outlook for their company.

Apple buys self-driving vehicle startup

Apple Inc has confirmed that it bought self-driving vehicle firm Drive.ai., Reuters reports. The website The Information had earlier reported Apple was thinking of acquiring it. Terms of the deal were not disclosed. Media reports indicate Drive.ai. was closing down, and occasionally, acquisitions are done for intellectual property and to get the engineers aboard, not run the business.

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