Highnote, a notable player in modern card issuance and program management, recently secured $90 million in Series B funding, directed toward enhancing its U.S. merchant acquiring capabilities. The investment, led by Adams Street Partners alongside existing investors, positions Highnote to provide a comprehensive solution that integrates pay-in and pay-out functions with its current services. This approach not only simplifies transaction management for enterprises but also includes API-driven support for payment acceptance. Major U.S. card brands have certified the platform, underscoring its potential for robust adoption by SMBs and enterprises alike.
The acquiring landscape has evolved over time and represents an opportunity for next-generation customers to accelerate growth through embedded acquiring in addition to embedded issuing.
Acquiring on Highnote's unified platform is a game-changer for us, said Vlad Sadovskiy, CEO of Netevia. Highnote is radically reducing the friction and complexity for us to deliver seamless payment solutions.
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