It\u2019s a rough time for FinTech startups to be asking investors nervous about tariffs for new equity funding.
\nIn a press release Wednesday (April 23) Swedish startup Froda announced it has raised 20 million euros (about $22 million) in a Series B funding round to support its expansion across Europe and increase access to financing for small- to medium-sized businesses (SMB). The company has already established a presence in the Nordic nations, the U.K., Ireland and Germany, the release said.
\nThe funding round was led by Stockholm-based investment firm Incore Invest, with continued participation from Froda\u2019s existing investors, according to the release.
\nEmbedded finance means financial services are directly available from the software solution. In the case of Froda\u2019s platform, it connects SMBs with banks, neobanks and payment providers \u2014 leveraging data-driven processes to potentially reduce the time required for loan approval from months to minutes.
\nIn a PYMNTS TV Washington Weekly chat, QED Investor\u00a0Amias Gerety told PYMNTS CEO Karen Webster that early-stage companies need to focus on customer acquisition and product development, and not the economic uncertainty.
\nPerhaps that\u2019s why some of these startups \u2014 particularly in the embedded finance space \u2014 are finding ways to meet their goals.
\nAccording to the Froda press release, embedded finance is gaining traction in Europe, where the SMB funding gap is estimated at 400 billion euros (about $453 billion).
\nIn addition to expanding into new European markets and scaling the business, the release said that Froda plans to use the new capital to onboard additional embedded finance partners.\u00a0Current partners include Mimo in the U.K., Lunar in the Nordic nations and Kontist in Germany, according to the press release.
\nAccording to Froda, the company achieved 30% year-over-year customer growth in 2024 and is adding approximately one new embedded partner each month.
\nThe release also mentioned the company\u2019s recent expansion of its partnership with the European Investment Fund to launch a \u201cpan-European microfinancing guarantee.\u201d
\nThe company claims that SMBs using its platform grow up to 12 times faster than the national average.
\nFor all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.
\nThe post Froda Raises $22 Million to Expand Embedded Financing for European SMBs appeared first on PYMNTS.com.
\n", "content_text": "It\u2019s a rough time for FinTech startups to be asking investors nervous about tariffs for new equity funding.\nIn a press release Wednesday (April 23) Swedish startup Froda announced it has raised 20 million euros (about $22 million) in a Series B funding round to support its expansion across Europe and increase access to financing for small- to medium-sized businesses (SMB). The company has already established a presence in the Nordic nations, the U.K., Ireland and Germany, the release said.\nThe funding round was led by Stockholm-based investment firm Incore Invest, with continued participation from Froda\u2019s existing investors, according to the release.\nEmbedded finance means financial services are directly available from the software solution. In the case of Froda\u2019s platform, it connects SMBs with banks, neobanks and payment providers \u2014 leveraging data-driven processes to potentially reduce the time required for loan approval from months to minutes.\nIn a PYMNTS TV Washington Weekly chat, QED Investor\u00a0Amias Gerety told PYMNTS CEO Karen Webster that early-stage companies need to focus on customer acquisition and product development, and not the economic uncertainty.\nPerhaps that\u2019s why some of these startups \u2014 particularly in the embedded finance space \u2014 are finding ways to meet their goals.\nAccording to the Froda press release, embedded finance is gaining traction in Europe, where the SMB funding gap is estimated at 400 billion euros (about $453 billion).\nIn addition to expanding into new European markets and scaling the business, the release said that Froda plans to use the new capital to onboard additional embedded finance partners.\u00a0Current partners include Mimo in the U.K., Lunar in the Nordic nations and Kontist in Germany, according to the press release.\nAccording to Froda, the company achieved 30% year-over-year customer growth in 2024 and is adding approximately one new embedded partner each month.\nThe release also mentioned the company\u2019s recent expansion of its partnership with the European Investment Fund to launch a \u201cpan-European microfinancing guarantee.\u201d\nThe company claims that SMBs using its platform grow up to 12 times faster than the national average.\nFor all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.\nThe post Froda Raises $22 Million to Expand Embedded Financing for European SMBs appeared first on PYMNTS.com.", "date_published": "2025-04-23T14:01:50-04:00", "date_modified": "2025-04-23T21:51:24-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Froda-investments-funding-SMBs.jpg", "tags": [ "B2B", "B2B Payments", "commercial payments", "Embedded Financing", "EU", "financing", "Froda", "funding", "international", "Investments", "News", "PYMNTS News", "small businesses", "SMBs", "What's Hot", "What's Hot In B2B", "Investments" ] }, { "id": "https://www.pymnts.com/?p=2688507", "url": "https://www.pymnts.com/news/investment-tracker/2025/upexi-to-raise-100-million-to-accumulate-solana/", "title": "Upexi to Raise $100 Million to Accumulate Solana", "content_html": "Upexi said Monday (April 21) that it is raising $100 million and plans to use most of the funds to accumulate the cryptocurrency Solana.
\nThe company, which is a brand owner that develops,\u00a0manufactures and distributes consumer products and entered the cryptocurrency industry to diversify its business, plans to use $5.3 million for working capital and debt reduction and the remainder to establish its Solana treasury operations and accumulate Solana, it said in a Monday (April 21)\u00a0press release.
\n\u201cThe closing of the offering is expected to occur on or about April 24, 2025, subject to the satisfaction of customary closing conditions,\u201d Upexi said in the release.
\nGSR, the crypto trading and investment firm that is the lead investor in Upexi\u2019s private placement, said in a Monday\u00a0press release that it sees this move as a part of its mission to bridge the gap between traditional capital markets and the digital asset ecosystem.
\n\u201cThis investment highlights the growing demand for efficient, secure access to high-quality crypto assets in public markets,\u201d GSR Head of Research\u00a0Brian Rudick said in the release. \u201cSolana\u2019s speed, scalability and vibrant developer ecosystem make it an ideal foundation for long-term\u00a0growth and we are honored to help accelerate the integration of digital assets into institutional portfolios.\u201d
\nSolana Foundation\u00a0President\u00a0Lily Liu said the two companies\u2019 announcements signal greater interest in using Solana for real-world financial applications and a growing intersection of traditional finance and DeFi.
\n\u201cIt\u2019s encouraging to see institutions exploring blockchain infrastructure in meaningful ways,\u201d Liu said.
\nCompanies such as MicroStrategy \u2014 which is now doing business as\u00a0Strategy \u2014 and\u00a0Block have added\u00a0bitcoin\u00a0to their balance sheets, while other firms across industries are exploring its potential as both an investment vehicle and a transactional asset, PYMNTS reported in February.
\nJanover, a platform that connects the commercial real estate industry, said April 7 that it planned to accelerate its acquisition of\u00a0digital assets in the Solana ecosystem through U.S. public markets after raising $42 million in an offering of convertible notes and warrants.
\nIn March, retail gaming destination\u00a0GameStop said that a portion of its cash or future debt and equity issuances may be used to accumulate\u00a0bitcoin\u00a0as a treasury reserve asset.
\nThe post Upexi to Raise $100 Million to Accumulate Solana appeared first on PYMNTS.com.
\n", "content_text": "Upexi said Monday (April 21) that it is raising $100 million and plans to use most of the funds to accumulate the cryptocurrency Solana.\nThe company, which is a brand owner that develops,\u00a0manufactures and distributes consumer products and entered the cryptocurrency industry to diversify its business, plans to use $5.3 million for working capital and debt reduction and the remainder to establish its Solana treasury operations and accumulate Solana, it said in a Monday (April 21)\u00a0press release.\n\u201cThe closing of the offering is expected to occur on or about April 24, 2025, subject to the satisfaction of customary closing conditions,\u201d Upexi said in the release.\nGSR, the crypto trading and investment firm that is the lead investor in Upexi\u2019s private placement, said in a Monday\u00a0press release that it sees this move as a part of its mission to bridge the gap between traditional capital markets and the digital asset ecosystem.\n\u201cThis investment highlights the growing demand for efficient, secure access to high-quality crypto assets in public markets,\u201d GSR Head of Research\u00a0Brian Rudick said in the release. \u201cSolana\u2019s speed, scalability and vibrant developer ecosystem make it an ideal foundation for long-term\u00a0growth and we are honored to help accelerate the integration of digital assets into institutional portfolios.\u201d\nSolana Foundation\u00a0President\u00a0Lily Liu said the two companies\u2019 announcements signal greater interest in using Solana for real-world financial applications and a growing intersection of traditional finance and DeFi.\n\u201cIt\u2019s encouraging to see institutions exploring blockchain infrastructure in meaningful ways,\u201d Liu said.\nCompanies such as MicroStrategy \u2014 which is now doing business as\u00a0Strategy \u2014 and\u00a0Block have added\u00a0bitcoin\u00a0to their balance sheets, while other firms across industries are exploring its potential as both an investment vehicle and a transactional asset, PYMNTS reported in February.\nJanover, a platform that connects the commercial real estate industry, said April 7 that it planned to accelerate its acquisition of\u00a0digital assets in the Solana ecosystem through U.S. public markets after raising $42 million in an offering of convertible notes and warrants.\nIn March, retail gaming destination\u00a0GameStop said that a portion of its cash or future debt and equity issuances may be used to accumulate\u00a0bitcoin\u00a0as a treasury reserve asset.\nThe post Upexi to Raise $100 Million to Accumulate Solana appeared first on PYMNTS.com.", "date_published": "2025-04-21T12:29:34-04:00", "date_modified": "2025-04-21T12:29:34-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Upexi-invesmtents-cryptocurrency-Solana.jpg", "tags": [ "Blockchain", "crypto", "Crypto Investments", "Cryptocurrency", "funding", "Investments", "News", "PYMNTS News", "Solana", "Upexi", "Web3", "What's Hot", "Investments" ] }, { "id": "https://www.pymnts.com/?p=2687736", "url": "https://www.pymnts.com/news/investment-tracker/2025/security-startup-pillar-raises-9-million-to-tackle-ai-specific-risks/", "title": "Security Startup Pillar Raises $9 Million to Tackle AI-Specific Risks", "content_html": "Artificial intelligence (AI) security startup\u00a0Pillar Security has raised $9 million in seed funding to expand its research and development (R&D) and go-to-market efforts.
\nPillar Security\u2019s solution is designed to meet the needs of a new age in which \u201csoftware has gained agency and data itself has become executable,\u201d Pillar Security CEO and Co-founder\u00a0Dor Sarig said\u00a0in\u00a0a Wednesday (April 16)\u00a0press release.
\n\u201cPillar\u2019s technology, backed by real-world AI threat intelligence, is built with this understanding, delivering a new class of protection designed explicitly for AI-related security risks,\u201d Sarig said. \u201cWe are redefining application security to match the agentic and autonomous software of the Intelligence Age.\u201d
\nThe company\u2019s security platform is specifically designed for AI-integrated software systems and addresses AI-specific risk areas like evasion attacks, data poisoning, data privacy and intellectual property leakage, according to the release.
\nThe platform integrates with an organization\u2019s existing code repositories, data infrastructures and AI/ML platforms, automatically maps all AI-related assets across the organization, tests AI models and deploys guardrails that proactively prevent failures, the release said.
\nElias Manousos, lead investor at\u00a0Shield Capital, which led the funding round, said in the release that Pillar understands that it takes more than incremental improvements to secure software at a time when more agentic AI solutions are being deployed within businesses and the threat surface is expanding.
\n\u201cTheir visionary approach sets a new standard for how organizations secure and manage intelligent systems,\u201d Manousos said.
\nAI agents are different from rules-based bots, where actions are pre-determined, PYMNTS reported in March. AI agents built on top of generative AI models can dynamically generate responses, understand,\u00a0adapt and learn while having autonomy and decision-making capabilities to complete a task given by the user.
\nThat means chief financial officers should approach agentic AI like past forms of automation they\u2019ve incorporated \u2014 evaluating what processes can benefit, identifying costs that can be removed, finding potential benefits from accelerating work, and assessing risks to finance and reputation,\u00a0George Westerman, senior lecturer at the MIT Sloan School of Management, told PYMNTS in March.
\nFifty-five percent of chief operating officers say their companies have already implemented AI-based automated\u00a0cybersecurity\u00a0management systems \u2014 a threefold increase from earlier in the year \u2014 according to the PYMNTS Intelligence report, \u201cCOOs Leverage GenAI to Reduce Data Security Losses.\u201d
\nThe post Security Startup Pillar Raises $9 Million to Tackle AI-Specific Risks appeared first on PYMNTS.com.
\n", "content_text": "Artificial intelligence (AI) security startup\u00a0Pillar Security has raised $9 million in seed funding to expand its research and development (R&D) and go-to-market efforts.\nPillar Security\u2019s solution is designed to meet the needs of a new age in which \u201csoftware has gained agency and data itself has become executable,\u201d Pillar Security CEO and Co-founder\u00a0Dor Sarig said\u00a0in\u00a0a Wednesday (April 16)\u00a0press release.\n\u201cPillar\u2019s technology, backed by real-world AI threat intelligence, is built with this understanding, delivering a new class of protection designed explicitly for AI-related security risks,\u201d Sarig said. \u201cWe are redefining application security to match the agentic and autonomous software of the Intelligence Age.\u201d\nThe company\u2019s security platform is specifically designed for AI-integrated software systems and addresses AI-specific risk areas like evasion attacks, data poisoning, data privacy and intellectual property leakage, according to the release.\nThe platform integrates with an organization\u2019s existing code repositories, data infrastructures and AI/ML platforms, automatically maps all AI-related assets across the organization, tests AI models and deploys guardrails that proactively prevent failures, the release said.\nElias Manousos, lead investor at\u00a0Shield Capital, which led the funding round, said in the release that Pillar understands that it takes more than incremental improvements to secure software at a time when more agentic AI solutions are being deployed within businesses and the threat surface is expanding.\n\u201cTheir visionary approach sets a new standard for how organizations secure and manage intelligent systems,\u201d Manousos said.\nAI agents are different from rules-based bots, where actions are pre-determined, PYMNTS reported in March. AI agents built on top of generative AI models can dynamically generate responses, understand,\u00a0adapt and learn while having autonomy and decision-making capabilities to complete a task given by the user.\nThat means chief financial officers should approach agentic AI like past forms of automation they\u2019ve incorporated \u2014 evaluating what processes can benefit, identifying costs that can be removed, finding potential benefits from accelerating work, and assessing risks to finance and reputation,\u00a0George Westerman, senior lecturer at the MIT Sloan School of Management, told PYMNTS in March.\nFifty-five percent of chief operating officers say their companies have already implemented AI-based automated\u00a0cybersecurity\u00a0management systems \u2014 a threefold increase from earlier in the year \u2014 according to the PYMNTS Intelligence report, \u201cCOOs Leverage GenAI to Reduce Data Security Losses.\u201d\nThe post Security Startup Pillar Raises $9 Million to Tackle AI-Specific Risks appeared first on PYMNTS.com.", "date_published": "2025-04-18T17:04:30-04:00", "date_modified": "2025-04-18T17:04:30-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Pillar-Security-cybersecurity-funding-investments.jpg", "tags": [ "AI", "AI funding", "AI investments", "artificial intelligence", "Cybersecurity", "funding", "Investments", "News", "Pillar Security", "PYMNTS News", "Security", "What's Hot", "Investments" ] }, { "id": "https://www.pymnts.com/?p=2686217", "url": "https://www.pymnts.com/news/investment-tracker/2025/deck-raises-12-million-dollars-infrastructure-accesses-user-permissioned-data/", "title": "Deck Raises $12 Million for Infrastructure That Accesses User-Permissioned Data", "content_html": "Deck raised $12 million in a Series A funding round to support its developer infrastructure for accessing any user-permissioned data.
\n\u201cGoing from seed to Series A in just 9 months is wild \u2014 but it reflects something we\u2019ve known all along: the world needs better infrastructure for user-permissioned data,\u201d the company said in a Wednesday (April 16) post on LinkedIn.
\nThe sorts of user-permissioned data that businesses can access with Deck\u2019s platform include electricity, water, gas and waste usage from utilities; invoices, vendors and financials from enterprise resource planning (ERP) systems; order history, fulfillment status and customer interactions from storefronts and marketplaces; point-of-sale data, in-store transactions and product-level data from retail sales; and phone, internet and cable services data from telcos, according to Deck\u2019s website.
\nBusinesses can use utility data, for example, to power use cases like energy management and billing automation, the website said.
\nDeck enables users to tap into user-permissioned data from more than 100,000 providers in more than 40 countries, per the website.
\nThe company said open data will \u201ccome in many waves,\u201d starting with utilities, and that Deck aims to provide the infrastructure that gives businesses access to it.
\n\u201cWe started in utilities (because we felt the pain ourselves),\u201d Deck said in the LinkedIn post. \u201cBut now, Deck is powering data access across verticals \u2014 from eCommerce to music to retail analytics.\u201d
\nDeck\u2019s latest funding round was led by Infinity Ventures, according to the company\u2019s post.
\n\u201cDeck is building developer APIs for user-permissioned read/write access to any website \u2014 bringing Plaid-like access to the 95% of platforms that don\u2019t offer APIs, from utility portals to payroll systems to government services,\u201d Infinity Ventures said in a Wednesday post on LinkedIn. \u201cTheir vision: Unlock the data users already have, without the friction.\u201d
\nGolden Ventures, which participated in the funding round, said in a Wednesday post on LinkedIn that Deck is \u201cmoving fast, solving real problems and delivering the kind of developer experience we wish more platforms offered.\u201d
\n\u201cDeck is solving a massive, overlooked problem: accessing user-permissioned data across verticals,\u201d Golden Ventures said in its post. \u201cNot just finance \u2014 everything else. Utilities, eCommerce, music and more.\u201d
\nThe post Deck Raises $12 Million for Infrastructure That Accesses User-Permissioned Data appeared first on PYMNTS.com.
\n", "content_text": "Deck raised $12 million in a Series A funding round to support its developer infrastructure for accessing any user-permissioned data.\n\u201cGoing from seed to Series A in just 9 months is wild \u2014 but it reflects something we\u2019ve known all along: the world needs better infrastructure for user-permissioned data,\u201d the company said in a Wednesday (April 16) post on LinkedIn.\nThe sorts of user-permissioned data that businesses can access with Deck\u2019s platform include electricity, water, gas and waste usage from utilities; invoices, vendors and financials from enterprise resource planning (ERP) systems; order history, fulfillment status and customer interactions from storefronts and marketplaces; point-of-sale data, in-store transactions and product-level data from retail sales; and phone, internet and cable services data from telcos, according to Deck\u2019s website.\nBusinesses can use utility data, for example, to power use cases like energy management and billing automation, the website said.\nDeck enables users to tap into user-permissioned data from more than 100,000 providers in more than 40 countries, per the website.\nThe company said open data will \u201ccome in many waves,\u201d starting with utilities, and that Deck aims to provide the infrastructure that gives businesses access to it.\n\u201cWe started in utilities (because we felt the pain ourselves),\u201d Deck said in the LinkedIn post. \u201cBut now, Deck is powering data access across verticals \u2014 from eCommerce to music to retail analytics.\u201d\nDeck\u2019s latest funding round was led by Infinity Ventures, according to the company\u2019s post.\n\u201cDeck is building developer APIs for user-permissioned read/write access to any website \u2014 bringing Plaid-like access to the 95% of platforms that don\u2019t offer APIs, from utility portals to payroll systems to government services,\u201d Infinity Ventures said in a Wednesday post on LinkedIn. \u201cTheir vision: Unlock the data users already have, without the friction.\u201d\nGolden Ventures, which participated in the funding round, said in a Wednesday post on LinkedIn that Deck is \u201cmoving fast, solving real problems and delivering the kind of developer experience we wish more platforms offered.\u201d\n\u201cDeck is solving a massive, overlooked problem: accessing user-permissioned data across verticals,\u201d Golden Ventures said in its post. \u201cNot just finance \u2014 everything else. Utilities, eCommerce, music and more.\u201d\nThe post Deck Raises $12 Million for Infrastructure That Accesses User-Permissioned Data appeared first on PYMNTS.com.", "date_published": "2025-04-16T17:59:34-04:00", "date_modified": "2025-04-16T17:59:34-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Deck.png", "tags": [ "data", "Deck", "ecommerce", "funding", "Investments", "News", "PYMNTS News", "Retail", "startups", "What's Hot", "Investments" ] }, { "id": "https://www.pymnts.com/?p=2686124", "url": "https://www.pymnts.com/news/investment-tracker/2025/onfly-raises-40-million-dollars-travel-expense-management-platform/", "title": "Onfly Raises $40 Million for Travel and Expense Management Platform", "content_html": "Onfly raised $40 million in a Series B funding round to support the expansion of its corporate travel and expense management platform into Mexico and other Latin American markets.
\nThe company was founded in 2018 and is one of the five largest corporate travel management firms in Brazil, with its platform serving more than 2,000 companies, Onfly said in a Tuesday (April 15) press release.
\nIn addition to supporting its international growth, Onfly will use the new funding to accelerate its technology development, integrate artificial intelligence, and expand its marketing and sales efforts, according to the release.
\n\u201cToday\u2019s workforce expects the same seamless, intuitive experience from corporate software that they get from consumer apps,\u201d Onfly CEO and co-founder Marcelo Linhares said in the release.
\nOnfly\u2019s platform offers fully digitized travel options that include flights, hotels, buses and rental cars, according to the release. It is also adding short-term rentals for corporate travel.
\nThe platform also provides real-time auditable data, enterprise resource planning (ERP) integrations and a corporate card, per the release. The corporate card is now used by 65% of Onfly\u2019s customers and has processed $35 million in total payment volume in the past two years.
\nDave Yuan, founder and partner at Tidemark, which led Onfly\u2019s latest funding round, said in the release that the company\u2019s platform is redefining a corporate travel space that suffers from \u201cclunky systems, opaque pricing and a reliance on service-heavy, fee-driven models.\u201d
\n\u201cOnfly is changing all of that,\u201d Yuan said in the release. \u201cThey\u2019re creating a magical flywheel in corporate travel: lower costs for businesses; a smoother experience for travelers; and more valuable customers for suppliers.\u201d
\nCorporate cards and expense management systems are being linked to help streamline the efforts to monitor and reconcile the costs of business travel, PYMNTS reported in January.
\nIn another development in the space, Mesh said April 9 that it added a guest travel solution to its global travel and expense management platform, streamlining the process associated with the booking and reimbursement of contractor, candidate and guest travel.
\nIn January, TravelPerk said it took a step toward its goal of building an integrated travel and expense management platform by acquiring spend management platform Yokoy.
\nFor all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.
\nThe post Onfly Raises $40 Million for Travel and Expense Management Platform appeared first on PYMNTS.com.
\n", "content_text": "Onfly raised $40 million in a Series B funding round to support the expansion of its corporate travel and expense management platform into Mexico and other Latin American markets.\nThe company was founded in 2018 and is one of the five largest corporate travel management firms in Brazil, with its platform serving more than 2,000 companies, Onfly said in a Tuesday (April 15) press release.\nIn addition to supporting its international growth, Onfly will use the new funding to accelerate its technology development, integrate artificial intelligence, and expand its marketing and sales efforts, according to the release.\n\u201cToday\u2019s workforce expects the same seamless, intuitive experience from corporate software that they get from consumer apps,\u201d Onfly CEO and co-founder Marcelo Linhares said in the release.\nOnfly\u2019s platform offers fully digitized travel options that include flights, hotels, buses and rental cars, according to the release. It is also adding short-term rentals for corporate travel.\nThe platform also provides real-time auditable data, enterprise resource planning (ERP) integrations and a corporate card, per the release. The corporate card is now used by 65% of Onfly\u2019s customers and has processed $35 million in total payment volume in the past two years.\nDave Yuan, founder and partner at Tidemark, which led Onfly\u2019s latest funding round, said in the release that the company\u2019s platform is redefining a corporate travel space that suffers from \u201cclunky systems, opaque pricing and a reliance on service-heavy, fee-driven models.\u201d\n\u201cOnfly is changing all of that,\u201d Yuan said in the release. \u201cThey\u2019re creating a magical flywheel in corporate travel: lower costs for businesses; a smoother experience for travelers; and more valuable customers for suppliers.\u201d\nCorporate cards and expense management systems are being linked to help streamline the efforts to monitor and reconcile the costs of business travel, PYMNTS reported in January.\nIn another development in the space, Mesh said April 9 that it added a guest travel solution to its global travel and expense management platform, streamlining the process associated with the booking and reimbursement of contractor, candidate and guest travel.\nIn January, TravelPerk said it took a step toward its goal of building an integrated travel and expense management platform by acquiring spend management platform Yokoy.\nFor all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.\nThe post Onfly Raises $40 Million for Travel and Expense Management Platform appeared first on PYMNTS.com.", "date_published": "2025-04-16T16:21:56-04:00", "date_modified": "2025-04-16T16:21:56-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Onfly.png", "tags": [ "artificial intelligence", "B2B", "B2B Payments", "business travel", "commercial payments", "corporate travel", "funding", "Innovation", "international", "Investments", "Latin America", "mexico", "News", "Onfly", "PYMNTS News", "software", "startups", "T&E", "Technology", "travel", "Travel Payments", "What's Hot", "What's Hot In B2B", "Investments" ] }, { "id": "https://www.pymnts.com/?p=2684791", "url": "https://www.pymnts.com/news/investment-tracker/2025/south-africa-stitch-raises-55-million-dollars-expand-enterprise-payments-infrastructure/", "title": "South Africa\u2019s Stitch Raises $55 Million to Expand Enterprise Payments Infrastructure", "content_html": "South Africa-based payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants.
\nThe company will use the new funding to deepen its in-person payments offering, bolster its online payments suite and move into the acquiring space, Stitch said in a press release emailed to PYMNTS.
\nStitch has raised $107 million in total funding since it emerged from stealth in February 2021, and the company serves the payments needs of enterprise businesses in South Africa, including multi-line retailers, telcos and other omnichannel businesses, according to the release.
\n\u201cWe feel we\u2019ve earned the right to work with clients across the board \u2014 not just for online or in-person payments, but with any money movement needs,\u201d Stitch said in the release. \u201cIt felt like the right time to more aggressively expand our offering so we can further serve our clients.\u201d
\nWith its access to all local online payment methods and in-person payments, Stitch offers fraud prevention; flexibility and customization; technical and integration support; 24/7 customer support; and built-in redundancies and automated routing, according to the release.
\nSo far in 2025, the company has launched its in-person payments solution after acquiring ExiPay and introduced a simple checkout solution called Stitch Express that is designed for online businesses of all sizes that use Shopify, WooCommerce and other eCommerce platforms.
\nStitch is now expanding its in-person payments solution and said it will add acquiring to its services list soon.
\nThe company\u2019s latest funding round was led by QED Investors, per the release.
\nWhen Stitch acquired in-person payments provider ExiPay in March, Stitch said its solution serves retail merchants operating primarily in-store; retail merchants with an online and in-store presence; omnichannel merchants looking to unify their offering across channels; and merchants in the financial services or gaming spaces looking to accept payments or wallet top-ups in person and online.
\nThe company\u2019s latest funding round came about 18 months after it raised $25 million in a Series A extension in which PayPal Ventures, The Raba Partnership and CRE Venture Capital joined the earlier investors.
\nThe post South Africa\u2019s Stitch Raises $55 Million to Expand Enterprise Payments Infrastructure appeared first on PYMNTS.com.
\n", "content_text": "South Africa-based payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants.\nThe company will use the new funding to deepen its in-person payments offering, bolster its online payments suite and move into the acquiring space, Stitch said in a press release emailed to PYMNTS.\nStitch has raised $107 million in total funding since it emerged from stealth in February 2021, and the company serves the payments needs of enterprise businesses in South Africa, including multi-line retailers, telcos and other omnichannel businesses, according to the release.\n\u201cWe feel we\u2019ve earned the right to work with clients across the board \u2014 not just for online or in-person payments, but with any money movement needs,\u201d Stitch said in the release. \u201cIt felt like the right time to more aggressively expand our offering so we can further serve our clients.\u201d\nWith its access to all local online payment methods and in-person payments, Stitch offers fraud prevention; flexibility and customization; technical and integration support; 24/7 customer support; and built-in redundancies and automated routing, according to the release.\nSo far in 2025, the company has launched its in-person payments solution after acquiring ExiPay and introduced a simple checkout solution called Stitch Express that is designed for online businesses of all sizes that use Shopify, WooCommerce and other eCommerce platforms.\nStitch is now expanding its in-person payments solution and said it will add acquiring to its services list soon.\nThe company\u2019s latest funding round was led by QED Investors, per the release.\nWhen Stitch acquired in-person payments provider ExiPay in March, Stitch said its solution serves retail merchants operating primarily in-store; retail merchants with an online and in-store presence; omnichannel merchants looking to unify their offering across channels; and merchants in the financial services or gaming spaces looking to accept payments or wallet top-ups in person and online.\nThe company\u2019s latest funding round came about 18 months after it raised $25 million in a Series A extension in which PayPal Ventures, The Raba Partnership and CRE Venture Capital joined the earlier investors.\nThe post South Africa\u2019s Stitch Raises $55 Million to Expand Enterprise Payments Infrastructure appeared first on PYMNTS.com.", "date_published": "2025-04-15T10:18:42-04:00", "date_modified": "2025-04-15T11:19:47-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Stitch.png", "tags": [ "ecommerce", "EMEA", "FinTech", "funding", "international", "Investments", "News", "omnichannel", "PYMNTS News", "Retail", "South Africa", "startups", "Stitch", "What's Hot", "Investments" ] }, { "id": "https://www.pymnts.com/?p=2683033", "url": "https://www.pymnts.com/news/investment-tracker/2025/revolut-to-add-uk-stocks-to-trading-platform/", "title": "Revolut to Add UK Stocks to Trading Platform", "content_html": "Revolut reportedly plans to add U.K. stocks to its trading platform within days.
\nThe company gained its U.K. trading license in November, has over 800,000 U.K. trading customers, and already offers U.S. and European equities, Bloomberg\u00a0reported Friday (April 11).
\n\u201cWe are including U.K. stocks in our offering as we\u2019ve\u00a0seen interest from our U.K. customers to get exposure to the local economy and diversify their portfolio further,\u201d\u00a0Yana Shkrebenkova, CEO of wealth and trading U.K. at Revolut, said in the report.
\nWhen Revolut received its U.K.\u00a0trading license from the\u00a0Financial Conduct Authority (FCA) in November, the company said it planned to offer its U.K. customers new trading products and features.
\nThe receipt of the license made Revolut Trading an authorized investment firm, allowing it to introduce U.K. and European Union stocks and exchange-traded funds (ETFs).
\nThe company had already operated a trading feature as an appointed representative with a principal in the U.K. since 2019, allowing it to offer an investment service through its app and enable retail customers to buy and sell shares listed in the U.S.
\n\u201cHaving launched our successful investment product five years ago, we strive to bring best-in-class investment products to our customers in the U.K.,\u201d Shkrebenkova said in a November press release. \u201cWe know that there is so much more our Revolut Trading customers want from our platform, and we are working hard to deliver this, rolling out new features safely and considerately.\u201d
\nIt was reported March 13 that Revolut was hiring 100 new staffers while preparing to expand its U.K.\u00a0banking business after receiving its British banking license last summer.
\nThe FinTech had\u00a0already begun building that side of its business and expects to have a staff of around 200 by the end of the year.
\nOn March 18, it was reported that Revolut is working to build out its\u00a0banking operations in the U.K., expand globally and then launch an initial public offering (IPO).
\nThe company aims to become a global financial services app. It currently lets users make payments, trade assets and hold money, and it aims to expand this offering to include loans, overdrafts and mortgages.
\nThe post Revolut to Add UK Stocks to Trading Platform appeared first on PYMNTS.com.
\n", "content_text": "Revolut reportedly plans to add U.K. stocks to its trading platform within days.\nThe company gained its U.K. trading license in November, has over 800,000 U.K. trading customers, and already offers U.S. and European equities, Bloomberg\u00a0reported Friday (April 11).\n\u201cWe are including U.K. stocks in our offering as we\u2019ve\u00a0seen interest from our U.K. customers to get exposure to the local economy and diversify their portfolio further,\u201d\u00a0Yana Shkrebenkova, CEO of wealth and trading U.K. at Revolut, said in the report.\nWhen Revolut received its U.K.\u00a0trading license from the\u00a0Financial Conduct Authority (FCA) in November, the company said it planned to offer its U.K. customers new trading products and features.\nThe receipt of the license made Revolut Trading an authorized investment firm, allowing it to introduce U.K. and European Union stocks and exchange-traded funds (ETFs).\nThe company had already operated a trading feature as an appointed representative with a principal in the U.K. since 2019, allowing it to offer an investment service through its app and enable retail customers to buy and sell shares listed in the U.S.\n\u201cHaving launched our successful investment product five years ago, we strive to bring best-in-class investment products to our customers in the U.K.,\u201d Shkrebenkova said in a November press release. \u201cWe know that there is so much more our Revolut Trading customers want from our platform, and we are working hard to deliver this, rolling out new features safely and considerately.\u201d\nIt was reported March 13 that Revolut was hiring 100 new staffers while preparing to expand its U.K.\u00a0banking business after receiving its British banking license last summer.\nThe FinTech had\u00a0already begun building that side of its business and expects to have a staff of around 200 by the end of the year.\nOn March 18, it was reported that Revolut is working to build out its\u00a0banking operations in the U.K., expand globally and then launch an initial public offering (IPO).\nThe company aims to become a global financial services app. It currently lets users make payments, trade assets and hold money, and it aims to expand this offering to include loans, overdrafts and mortgages.\nThe post Revolut to Add UK Stocks to Trading Platform appeared first on PYMNTS.com.", "date_published": "2025-04-11T16:39:59-04:00", "date_modified": "2025-04-11T16:39:59-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2024/07/Revolut-1.jpg", "tags": [ "FCA", "Financial Conduct Authority", "international", "Investments", "News", "PYMNTS News", "Revolut", "Stocks", "uk", "What's Hot", "Investments" ] }, { "id": "https://www.pymnts.com/?p=2682543", "url": "https://www.pymnts.com/news/investment-tracker/2025/faume-raises-9-1-million-to-expand-fashion-resale-platform-across-europe/", "title": "Faume Raises $9.1 Million to Expand Fashion Resale Platform Across Europe", "content_html": "Faume has raised 8 million euros (about $9.1 million) to support the European expansion of its resale platform for premium and luxury fashion brands.
\nThe platform currently supports 45 French brands and aims to support 150 brands across Europe within four years, starting with expansion in the U.K. and Italy, Faume said in a Thursday (April 10) press release.
\nFaume recently signed its first partnership in the U.K., with fashion house Victoria Beckham, and expects to add several heritage brands in Italy later this year, according to the release.
\nThe company helps its existing clients sell in not only France but also Germany, the Netherlands, Belgium, Spain and Italy, per the release. Since its launch in 2020, the company has enabled the sale of 300,000 secondhand premium fashion pieces, 40% of which were sold outside France.
\n\u201cAt Faume, we show daily that resale is a lever for brand resilience \u2014 combining sustainability and profitability across the board,\u201d Faume CEO Aymeric D\u00e9chin said in the release. \u201cOur solution, already adopted by more than 45 leading brands, proves that building a resale model is not only possible and valuable, but also drives long-term performance.\u201d
\nFaume enables premium brands to enter the second-hand market without compromising their image or losing their control over distribution, according to the release.
\nThe platform allows them to launch resale channels under their own name and branding; deliver a premium customer experience; retain control over pricing, image and inventory; and embed this circular model into their own ecosystem, the release said.
\nWith this solution, brands can launch their own branded resale channels in four to eight weeks, per the release.
\nOne of the companies using the platform is fashion brand Soeur, which launched Soeur Second Hand in collaboration with Faume, according to the release.
\n\u201cWe\u2019re pleased with the rollout and proud to offer a premium in-store take-back service,\u201d Soeur Managing Director Freja Day said in the release. \u201cAlready available in 14 countries, it reflects our commitment to circular and conscious fashion.\u201d
\nFleek, a London-based secondhand clothing platform that connects wholesalers and retailers, raised $20.4 million in November to expand its offerings. Fleek works with 10,000 resellers and retailers in 70 countries and moves 2.5 million secondhand clothing items from 1,000 wholesale suppliers.
\nIn September, fast-fashion brand Zara said it was bringing its secondhand clothing marketplace, Zara Pre-Owned, to the U.S. Zara introduced its Pre-Owned business in 2023, part of a wave of other retailers providing similar services amid pressures to improve their sustainability practices.
\nThe post Faume Raises $9.1 Million to Expand Fashion Resale Platform Across Europe appeared first on PYMNTS.com.
\n", "content_text": "Faume has raised 8 million euros (about $9.1 million) to support the European expansion of its resale platform for premium and luxury fashion brands.\nThe platform currently supports 45 French brands and aims to support 150 brands across Europe within four years, starting with expansion in the U.K. and Italy, Faume said in a Thursday (April 10) press release.\nFaume recently signed its first partnership in the U.K., with fashion house Victoria Beckham, and expects to add several heritage brands in Italy later this year, according to the release.\nThe company helps its existing clients sell in not only France but also Germany, the Netherlands, Belgium, Spain and Italy, per the release. Since its launch in 2020, the company has enabled the sale of 300,000 secondhand premium fashion pieces, 40% of which were sold outside France.\n\u201cAt Faume, we show daily that resale is a lever for brand resilience \u2014 combining sustainability and profitability across the board,\u201d Faume CEO Aymeric D\u00e9chin said in the release. \u201cOur solution, already adopted by more than 45 leading brands, proves that building a resale model is not only possible and valuable, but also drives long-term performance.\u201d\nFaume enables premium brands to enter the second-hand market without compromising their image or losing their control over distribution, according to the release.\nThe platform allows them to launch resale channels under their own name and branding; deliver a premium customer experience; retain control over pricing, image and inventory; and embed this circular model into their own ecosystem, the release said.\nWith this solution, brands can launch their own branded resale channels in four to eight weeks, per the release.\nOne of the companies using the platform is fashion brand Soeur, which launched Soeur Second Hand in collaboration with Faume, according to the release.\n\u201cWe\u2019re pleased with the rollout and proud to offer a premium in-store take-back service,\u201d Soeur Managing Director Freja Day said in the release. \u201cAlready available in 14 countries, it reflects our commitment to circular and conscious fashion.\u201d\nFleek, a London-based secondhand clothing platform that connects wholesalers and retailers, raised $20.4 million in November to expand its offerings. Fleek works with 10,000 resellers and retailers in 70 countries and moves 2.5 million secondhand clothing items from 1,000 wholesale suppliers.\nIn September, fast-fashion brand Zara said it was bringing its secondhand clothing marketplace, Zara Pre-Owned, to the U.S. Zara introduced its Pre-Owned business in 2023, part of a wave of other retailers providing similar services amid pressures to improve their sustainability practices.\nThe post Faume Raises $9.1 Million to Expand Fashion Resale Platform Across Europe appeared first on PYMNTS.com.", "date_published": "2025-04-11T10:27:58-04:00", "date_modified": "2025-04-11T10:27:58-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Faume-fashion-resale-Europe.png", "tags": [ "ecommerce", "EMEA", "fashion", "Faume", "funding", "Investments", "luxury resale", "News", "PYMNTS News", "ReCommerce", "resale", "Retail", "Victoria Beckham", "What's Hot", "Investments" ] }, { "id": "https://www.pymnts.com/?p=2681265", "url": "https://www.pymnts.com/news/investment-tracker/2025/nuro-raises-106-million-to-scale-autonomous-vehicle-technology-platform/", "title": "Nuro Raises $106 Million to Scale Autonomous Vehicle Technology Platform", "content_html": "Autonomous vehicle company Nuro said Wednesday (April 9) that it has raised $106 million so far in an ongoing Series E funding round that values the company at $6 billion.
\nThe round brings the company\u2019s total funding to date to $2.2 billion, and it expects to add more Series E participants in the coming weeks, Nuro said in a Wednesday press release.
\nNuro will use the new funding to scale its technology platform and advance its commercial partnerships, according to the release.
\nThe company has a licensing-driven business model and offers its \u201cvehicle-agnostic, cost-effective technology\u201d to automotive manufacturers, suppliers and mobility companies that can integrate it into robotaxis, goods-delivery vehicles and personal vehicles, the release said.
\n\u201cWe\u2019re excited to see strong investor enthusiasm for our Series E,\u201d Nuro Co-founder and CEO Jiajun Zhu said in the release. \u201cOur technology, years of experience with driver-out Level 4 deployments, and focus on licensing uniquely position us to help automakers, mobility platforms and commercial fleets accelerate their autonomy roadmaps.\u201d
\nNuro said in November that it expanded its deployment of autonomous vehicles in two cities in California \u2014 Mountain View and Palo Alto \u2014 and in Houston, Texas.
\nThe company said it was ready to provide its autonomy platform to automotive OEMs and mobility companies.
\n\u201cOur latest driverless deployment demonstrates the maturity and capability of our AI platform, and we\u2019re excited for potential partners to capitalize on the performance, safety and sophistication of the Nuro Driver to build their own incredible autonomy products,\u201d Zhu said in a Nov. 19 press release.
\nNuro announced the expansion of its business model to include licensing in September, saying that its partnering with automotive OEMs and mobility platforms would accelerate the adoption of autonomous vehicles.
\nThe company said its licensing model offers a \u201ccommercially independent, road-proven platform\u201d that automotive OEMs and mobility platforms can use to speed up their development and deployment of autonomous vehicles.
\n\u201cWe believe Nuro is positioned to be a major contributor to this autonomous future where people and goods mobility are free-flowing, representing a significant increase in the quality of life for everyone,\u201d Zhu said in a Sept. 11 press release.
\nThe post Nuro Raises $106 Million to Scale Autonomous Vehicle Technology Platform appeared first on PYMNTS.com.
\n", "content_text": "Autonomous vehicle company Nuro said Wednesday (April 9) that it has raised $106 million so far in an ongoing Series E funding round that values the company at $6 billion.\nThe round brings the company\u2019s total funding to date to $2.2 billion, and it expects to add more Series E participants in the coming weeks, Nuro said in a Wednesday press release.\nNuro will use the new funding to scale its technology platform and advance its commercial partnerships, according to the release.\nThe company has a licensing-driven business model and offers its \u201cvehicle-agnostic, cost-effective technology\u201d to automotive manufacturers, suppliers and mobility companies that can integrate it into robotaxis, goods-delivery vehicles and personal vehicles, the release said.\n\u201cWe\u2019re excited to see strong investor enthusiasm for our Series E,\u201d Nuro Co-founder and CEO Jiajun Zhu said in the release. \u201cOur technology, years of experience with driver-out Level 4 deployments, and focus on licensing uniquely position us to help automakers, mobility platforms and commercial fleets accelerate their autonomy roadmaps.\u201d\nNuro said in November that it expanded its deployment of autonomous vehicles in two cities in California \u2014 Mountain View and Palo Alto \u2014 and in Houston, Texas.\nThe company said it was ready to provide its autonomy platform to automotive OEMs and mobility companies.\n\u201cOur latest driverless deployment demonstrates the maturity and capability of our AI platform, and we\u2019re excited for potential partners to capitalize on the performance, safety and sophistication of the Nuro Driver to build their own incredible autonomy products,\u201d Zhu said in a Nov. 19 press release.\nNuro announced the expansion of its business model to include licensing in September, saying that its partnering with automotive OEMs and mobility platforms would accelerate the adoption of autonomous vehicles.\nThe company said its licensing model offers a \u201ccommercially independent, road-proven platform\u201d that automotive OEMs and mobility platforms can use to speed up their development and deployment of autonomous vehicles.\n\u201cWe believe Nuro is positioned to be a major contributor to this autonomous future where people and goods mobility are free-flowing, representing a significant increase in the quality of life for everyone,\u201d Zhu said in a Sept. 11 press release.\nThe post Nuro Raises $106 Million to Scale Autonomous Vehicle Technology Platform appeared first on PYMNTS.com.", "date_published": "2025-04-09T16:48:31-04:00", "date_modified": "2025-04-09T16:48:31-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Nuro-autonomous-vehicle.png", "tags": [ "automotive", "Autonomous vehicles", "digital transformation", "funding", "Investments", "News", "Nuro", "PYMNTS News", "Technology", "What's Hot", "Investments" ] }, { "id": "https://www.pymnts.com/?p=2678671", "url": "https://www.pymnts.com/news/investment-tracker/2025/ryft-raises-7-3-million-to-expand-embedded-payment-solution/", "title": "Ryft Raises $7.3 Million to Expand Embedded Payment Solution", "content_html": "Ryft has raised 5.7 million pounds (about $7.3 million) in a Series A funding round to continue expanding its embedded payments solution that helps marketplaces and platforms process, manage and monetize payments.
\n\u201cWith this funding round, we\u2019ll continue our mission of giving acquiring banks, marketplaces and platforms the technology they need to automatically split payments and process payouts at a much lower cost than solutions offered by Stripe Connect, Adyen and others in the market,\u201d Alex Mackenzie, co-founder and managing director at Ryft, said in a Wednesday (April 9) post on LinkedIn.
\nRyft\u2019s solution enables business to accept online payments from major credit cards and preferred payment methods like Apple Pay and Google Pay; ensure smooth marketplace payments by automating split payments, customizing commission rates and holding funds until conditions are met; generate revenue from online payment fees; and process payments with full regulatory compliance, according to its website.
\nThe company\u2019s latest funding round was led by EdenBase, with support from British Business Bank, Pembroke VCT, The SideBySide Partnership, GPOS Investments, Ingenii VC and some executives from PayPal, Sadra Hosseini, co-founder and CEO at Ryft, said in a Wednesday post on LinkedIn.
\n\u201cThis means even bigger things ahead for Ryft; helping platforms, marketplaces and acquirers automate and scale payment flows efficiently, with full compliance,\u201d Hosseini said in the post. \u201cThe funding will be used to help scale Ryft further internationally to really cater to our partners\u2019 needs.\u201d
\nSince its seed funding round of 1.2 million pounds in 2022, Ryft has secured a Financial Conduct Authority (FCA) license, partnered with American Express and Visa, and become a Mastercard Network Enablement Provider, Pembroke VCT said in a Wednesday post on LinkedIn.
\n\u201cRyft is transforming the payments landscape by providing businesses with a secure, compliant and scalable solution to process, manage and monetize payments with ease,\u201d Pembroke VCT said in the post. \u201cAlready trusted by over 1,500 businesses, Ryft is streamlining the payment process and driving efficiency across several industries.\u201d
\nWhen announcing its partnership with American Express in March 2024, Ryft said that move would enable its merchants in the U.K. to accept payments from Amex cards and gain Amex benefits.
\nThe post Ryft Raises $7.3 Million to Expand Embedded Payment Solution appeared first on PYMNTS.com.
\n", "content_text": "Ryft has raised 5.7 million pounds (about $7.3 million) in a Series A funding round to continue expanding its embedded payments solution that helps marketplaces and platforms process, manage and monetize payments.\n\u201cWith this funding round, we\u2019ll continue our mission of giving acquiring banks, marketplaces and platforms the technology they need to automatically split payments and process payouts at a much lower cost than solutions offered by Stripe Connect, Adyen and others in the market,\u201d Alex Mackenzie, co-founder and managing director at Ryft, said in a Wednesday (April 9) post on LinkedIn.\nRyft\u2019s solution enables business to accept online payments from major credit cards and preferred payment methods like Apple Pay and Google Pay; ensure smooth marketplace payments by automating split payments, customizing commission rates and holding funds until conditions are met; generate revenue from online payment fees; and process payments with full regulatory compliance, according to its website.\nThe company\u2019s latest funding round was led by EdenBase, with support from British Business Bank, Pembroke VCT, The SideBySide Partnership, GPOS Investments, Ingenii VC and some executives from PayPal, Sadra Hosseini, co-founder and CEO at Ryft, said in a Wednesday post on LinkedIn.\n\u201cThis means even bigger things ahead for Ryft; helping platforms, marketplaces and acquirers automate and scale payment flows efficiently, with full compliance,\u201d Hosseini said in the post. \u201cThe funding will be used to help scale Ryft further internationally to really cater to our partners\u2019 needs.\u201d\nSince its seed funding round of 1.2 million pounds in 2022, Ryft has secured a Financial Conduct Authority (FCA) license, partnered with American Express and Visa, and become a Mastercard Network Enablement Provider, Pembroke VCT said in a Wednesday post on LinkedIn.\n\u201cRyft is transforming the payments landscape by providing businesses with a secure, compliant and scalable solution to process, manage and monetize payments with ease,\u201d Pembroke VCT said in the post. \u201cAlready trusted by over 1,500 businesses, Ryft is streamlining the payment process and driving efficiency across several industries.\u201d\nWhen announcing its partnership with American Express in March 2024, Ryft said that move would enable its merchants in the U.K. to accept payments from Amex cards and gain Amex benefits.\nThe post Ryft Raises $7.3 Million to Expand Embedded Payment Solution appeared first on PYMNTS.com.", "date_published": "2025-04-09T10:58:00-04:00", "date_modified": "2025-04-09T10:58:00-04:00", "authors": [ { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" } ], "author": { "name": "PYMNTS", "url": "https://www.pymnts.com/author/pymnts/", "avatar": "https://secure.gravatar.com/avatar/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=512&d=blank&r=g" }, "image": "https://www.pymnts.com/wp-content/uploads/2025/04/Ryft-embedded-payment.png", "tags": [ "Embedded Payments", "FinTech", "funding", "Investments", "marketplace payments", "News", "online payments", "PYMNTS News", "Ryft", "What's Hot", "Investments" ] } ] }