Cybrid Adds B2B Payment to Embedded Finance APIs

Cybrid, a leading provider of embedded finance application programming interface (API) solutions, has announced a significant enhancement to its Fintech API platform, according to PYMNTS. This expansion now incorporates comprehensive business-to-business (B2B) payment capabilities, catering to the evolving needs of modern businesses.

In a press release issued on Thursday, January 18, Cybrid emphasized its commitment to equipping businesses with cutting-edge financial tools. Avinash Chidambaram, CEO of Cybrid, stated, «Our expansion into B2B payments marks a significant stride in our mission to equip businesses with the most advanced financial tools available.»

This development builds upon Cybrid’s existing portfolio of business-to-consumer (B2C) payment solutions, which include a range of services such as know your customer (KYC) identity verification, money transmission through wire and ACH transfers, virtual for-benefit-of (FBO) accounts for U.S. dollars linked to digital wallets, and integrated crypto onramp and offramp capabilities.

With the integration of B2B payment capabilities, Cybrid’s platform now offers a comprehensive suite of financial services tailored specifically for B2B transactions. These capabilities are seamlessly integrated with a robust know your business (KYB) process.

One of the standout features of Cybrid’s B2B payment solution is its ability to facilitate real-time transactions with swift confirmations. This ensures that businesses can experience nearly instantaneous payment processing, leading to quicker access to funds and more efficient liquidity management.

Furthermore, Cybrid’s platform boasts high transaction limits, making it well-suited for handling substantial payments. This simplifies the intricacies often associated with high-value transactions, as highlighted in the press release.

In addition to these advantages, Cybrid’s B2B payment solution provides rich remittance data, streamlining record-keeping for businesses and reducing their reliance on paperwork for transaction reconciliation. This feature plays a crucial role in maintaining precise financial records and simplifying the overall payment process.

According to PYMNTS Intelligence, embedded finance is rapidly emerging as the next frontier in B2B payments. Modern businesses are increasingly focused on providing online payment methods, tools, and channels in the B2B space that embedded finance can readily enable. This observation is based on the findings of the «Embedded Finance Tracker,» a collaboration between PYMNTS Intelligence and Galileo Financial Technologies.

Cybrid’s expansion into B2B payments signifies a strategic move to empower businesses with advanced financial solutions, offering real-time transactions, enhanced liquidity management, and streamlined record-keeping. This development aligns with the growing importance of embedded finance in the world of B2B payments.

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