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.
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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.
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.
