Zūm Rails has raised $7.7 million to expand its open banking/instant payments solution. The Montreal-based company announced the $7.7 million ($10.5 million CAD) Series A funding round Thursday (Feb. 22), saying it would use the funding to scale its growth in the U.S. and expand its payment offerings,...
Today in B2B payments, Coast talks fleet card innovation, and CAARY embeds small business insurance from APOLLO. Plus, Züm Rails discusses mixing payment rails for B2B payments, Investec launches a business account service and Klasha eases cross-border funds acceptance. Fuel Cards Gas Up For The...
Chief financial officers (CFOs) are waking up to the importance of electronic B2B payments, but deciding to ditch the paper check is only part of the battle. What comes next can be a challenging and confusing process of understanding which electronic payment methods to adopt,...
October 03, 2024
Open banking/instant payments company Zūm Rails is teaming with Fiserv. The collaboration, announced Thursday (Oct. 3), will see Zūm utilize Fiserv’s embedded finance capabilities to enable payments and financial services for U.S. businesses. “Today, payments and banking services are expanding beyond traditional banks and financial institutions, and companies across industries are eager to embed financial and payment options directly into […]
February 22, 2024
Zūm Rails has raised $7.7 million to expand its open banking/instant payments solution. The Montreal-based company announced the $7.7 million ($10.5 million CAD) Series A funding round Thursday (Feb. 22), saying it would...
