The company has raised more than $145m so far. Credit: Mer_Studio/ Shutterstock.

Embedded finance startup Highnote has secured $90m in a Series B investment round, which was spearheaded by Adams Street Partners. 

Oak HC/FT, Costanoa, WestCap, and Pinegrove Venture Partners also contributed to the fundraise.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

This investment will enable Highnote to scale its technology and enhance its capabilities further. 

The company has raised more than $145m so far, including over $54m from Seed and Series A rounds. 

This latest funding round values Highnote at over $750m, reported Forbes, citing a source close to the transaction. 

The company also launched its acquiring solution, expanded its unified payments platform to include both pay-in and pay-out functionalities. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Highnote’s platform combines issuing and acquiring capabilities on a single API-driven system, streamlining financial transactions management for businesses, reducing operational complexities and costs.  

The platform’s unified ledger approach supports providers of vertical platform solutions. 

Highnote CEO John MacIlwaine said: “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.”  

The acquiring capabilities allow companies to process card payments online through plug-in checkout software or customised features.  

Highnote’s direct integration with payment networks offers enhanced data access.  

Certified by US card brands, Highnote’s solution provides businesses with the tools to integrate embedded payments. 

As an embedded finance company, it offers businesses to incorporate virtual and physical card payments, ledger, and wallet functionalities into their products.