News

Payments Innovation
DataMesh Raises $30M to Grow ‘All-in-One’ Payments-Processing System
February 21, 2023

DataMesh Group has raised $30 million in a Series A funding round to expand globally. The Australian firm also plans to pursue large-scale domestic opportunities for its Unify “all-in-one” payments-processing system that provides card present and eCommerce capability, settlement and terminal functionality that adapts to...

Digital Banking
UK Hits Open Banking Milestone Amid Lingering Doubts About API Performance
February 21, 2023

About 10% of U.K.’s population used open banking services in January. Data from a recent report by Open Banking Limited (OBL) shows that the number of active U.K. open banking users crossed the 7 million mark earlier this year, around the same time the country...

B2B Payments
Brightflag Helps Legal Teams Tackle PDF Invoices With Automation
February 21, 2023

A significant portion of the invoices received by legal teams are still delivered in PDF format. To help these teams reduce the time lost to manual processes, Brightflag has added intelligent, automated PDF invoice validation to its legal operations platform. The new PDF Check feature...

Investments
AeroCloud Raises $12M for Cloud-Native Airport Software
February 21, 2023

Airport software maker AeroCloud says it plans to expand after raising $12.6 million. The British company announced the Series A funding in a news release Monday (Feb 20), saying it would allow it to scale what it says is the only cloud-native solution in its...

B2B Payments
SubBase Debuts Invoicing Tool as Construction Firms Invest in Tech
February 21, 2023

Supply chain software firm SubBase has introduced an invoice reconciliation tool for construction firms. “For many trade contractors, reconciling invoices from multiple vendors can be incredibly time consuming and tedious,” the company said in a news release Tuesday (Feb. 21). “Tracking down proper backup can...

B2B Payments
Spend Management Firm SpendHQ Unveils ESG Procurement Help Tools
February 21, 2023

SpendHQ says it wants to help companies meet their procurement goals and meet ESG standards. To that end, the spend intelligence and procurement performance management firm on Tuesday (Feb. 21) debuted a series of environmental, social and governance (ESG) features to help companies manage diversity and sustainability initiatives....

Security & Fraud
57% of Consumers Trust Banks to Safeguard Credentials With Vaults
February 21, 2023

When it comes to keeping online credentials and payments safe, consumers trust their banks. Conducting so much of our daily lives online has risk and friction built into the process. We want quick and easy checkouts, a seamless continuum where our “identifiers” — our online...

Investments
Chaos Labs Raises $20M for DeFi Protocols’ Risk Suite
February 21, 2023

Chaos Labs has raised $20 million in seed funding to expand its risk suite that helps protect decentralized finance (DeFi) protocols. The firm was founded to secure protocols against economic vulnerabilities and market manipulation. Economic simulations cover a surface area that is not protected by...

Investments
Mintoak Raises $20M to Expand Merchant Services Platform
February 21, 2023

Mintoak has raised $20 million in a Series A funding round for its merchant services platform. The company said in a Tuesday (Feb. 21) post on LinkedIn that its software-as-a-service (SaaS) offerings connect banks and merchant acquirers with their small and medium-sized business (SMB) customers...