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BillingPlatform Expands Its Revenue Management Suite with Built-In Global E-Invoicing Capabilities
BillingPlatform, a leading provider of enterprise revenue lifecycle management solutions, has introduced BP E-Invoice-a fully integrated e-invoicing tool aimed at helping businesses comply with global regulatory requirements while enhancing billing and payment workflows. Already adopted by several clients, this new feature is tailored to meet evolving e-invoicing mandates across regions such as Europe and Asia-Pacific.
As governments worldwide implement stricter tax compliance measures and organizations push for digital transformation, the e-invoicing market is poised for significant growth, expected to rise from $12 billion in 2024 to $40 billion by 2030. BP E-Invoice automates the full e-invoicing process—including creation, delivery, and tracking—within BillingPlatform’s core system. This streamlines billing operations, minimizes manual errors, and accelerates cash flow by reducing reliance on manual invoicing and enabling quicker payments.
The solution supports global regulatory standards such as SAF-T and Peppol, offering native compliance without third-party tools or integrations. With end-to-end secure data transmission and built-in audit trails, businesses can meet complex tax requirements across multiple jurisdictions efficiently. BP E-Invoice also eliminates the need for separate licensing or costly third-party services, making it a cost-effective option for enterprises operating at scale.
In addition to being a certified Peppol service provider, BillingPlatform enables businesses to exchange cross-border invoices securely and meet both European and international e-invoicing standards. The unified platform allows organizations to manage e-invoicing processes across different countries—even when using various billing systems—ensuring accuracy and reducing the risk of data mismatches through native integration.
According to CEO Dennis Wall, BP E-Invoice represents a significant advancement for companies facing complex regulatory challenges, particularly those operating in global markets. With seamless integration, flexible configuration, and robust compliance capabilities, enterprises can modernize their invoicing systems while lowering risk and improving both efficiency and customer satisfaction.
BillingPlatform is trusted by global businesses across diverse sectors, including software, finance, media, and communications. It is the only billing and revenue platform capable of monetizing any offering-from basic subscriptions to intricate usage-based pricing models-while supporting the complete monetization lifecycle. The platform encompasses everything from product setup and quoting to billing, invoicing, revenue recognition, payments, and collections-all on a secure, next-gen cloud infrastructure.
The company has been widely recognized by industry analysts, including Forrester, Gartner, and MGI Research, and has earned top rankings across several market evaluations. BillingPlatform also holds accolades from IDC, ISG, and the SIIA CODiE Awards, further solidifying its position as a leader in billing and revenue management innovation.
Launch of PowerComps by TagniFi: A powerful middle market transaction database
TagniFi, the financial data platform focused on serving the middle market, has announced the launch of PowerComps, a groundbreaking database designed to transform how professionals analyze middle market M&A transactions. With a focus on precision, transparency, and scale, PowerComps provides unmatched access to private company comparables, empowering private equity professionals, investment bankers, valuation experts, and corporate development teams to make better-informed decisions.
For years, the middle market has lacked visibility into private company M&A activity. Most deals are not disclosed publicly, and when they are, key valuation details are often absent. This lack of transparency has made it difficult for dealmakers to benchmark valuations, develop fairness opinions, and negotiate effectively. PowerComps addresses this challenge by aggregating verified and anonymized transaction data directly from a growing network of buy-side and sell-side firms. The result is a trusted, comprehensive dataset that enables professionals to operate with greater clarity and confidence in today’s competitive deal environment.
At launch, PowerComps features more than 1,200 verified transactions contributed by 87 leading firms. Every deal undergoes a rigorous intake process to ensure accuracy and consistency. Contributors submit transactions through a secure and user-friendly platform, where data is anonymized, reviewed, and benchmarked before being added to the database. This strict verification process has established PowerComps as one of the most reliable and trusted sources for middle market valuation data.
One of the platform’s unique advantages is its inclusion of deals from both financial and strategic buyers, giving users a complete perspective of the middle market landscape. Whether evaluating sponsor-backed acquisitions or strategic takeovers, professionals have access to the relevant comparables they need to support their analysis.
The database offers comprehensive metrics across more than 400 industries. Users gain visibility into valuation multiples such as TEV/EBITDA and TEV/Revenue, as well as insights into EBITDA margins, revenue growth, and debt-to-equity structures. Additional details include junior, senior, and unitranche interest rates, along with earnout, escrow, and indemnification terms. To ensure confidentiality, data is displayed only when at least three transactions are available in a given industry.
With PowerComps, professionals can benchmark valuations across industries, buyer types, and deal structures while keeping track of current trends in middle market deal terms. The database also provides reliable support for valuations, fairness opinions, and financial modeling. By contributing anonymized transactions, firms not only grow the dataset but also gain access to valuable insights that benefit the entire community.
PowerComps bridges a huge gap by providing transparency to middle market values without compromising secrecy, said Chad Sandstedt, CEO of TagniFi, underscoring the significance of this breakthrough. And by including both strategic and financial buyer data, we’re giving dealmakers the full picture—not just one side of it.”
Investment bankers and private equity professionals are encouraged to explore the platform and may qualify for complimentary access in exchange for contributing anonymized deal data. PowerComps is built by the community, for the community, and rewards those who help expand its value.
TagniFi continues to modernize financial data delivery with its suite of tools and analytics designed to provide transparent, timely, and auditable insights. With PowerComps, the company reinforces its mission to help finance professionals analyze trends, value companies more effectively, and close deals with confidence.
An innovative, future-proof ACH solution is launched by Finastra for banks
Finastra, a global leader in financial services software, has introduced its modern ACH payment solution, marking a key milestone in the US payments market. With this launch, the company becomes one of the few providers to support all major US payment clearings-ACH, wires, and real-time payments-through its unified payments hub, Global PAYplus.
The new ACH Module is built on a modern technology stack, enabling financial institutions to implement a forward-compatible solution that streamlines ACH processing, reduces operational complexity, and adapts to evolving customer and regulatory demands. It offers advanced functionality such as same-day ACH, early pay, and late return handling, supported by rich APIs for seamless integration and operational control. Designed for scalability and high transaction volumes, the solution also delivers a user-friendly interface, making it adaptable for institutions of all sizes.
Barry Rodrigues, EVP of Payments at Finastra, emphasized the importance of this launch, calling it “a major leap forward in payment modernization.” He explained that the solution combines modern architecture with real-time capabilities, giving banks the ability to scale efficiently while delivering secure and resilient ACH processing. As ACH remains a cornerstone of the US payments ecosystem, Finastra’s offering provides banks with an advanced alternative to aging legacy systems, empowering them to bring more innovation and value to corporate customers.
The solution delivers multiple benefits, including cloud-native microservices and Kafka-based event streaming for resilient ACH processing, advanced risk and compliance tools such as exposure management, Positive Pay, pre-funding, and integration with fraud and OFAC systems, as well as scalability to handle large volumes across multiple batches and files. For customers, it means greater transparency, reliability, and real-time insights, improving trust and satisfaction.
According to Aaron Press, Research Director at IDC Insights, financial institutions are increasingly seeking modern ACH platforms integrated within payment hubs to enhance operations while offering advanced services customers now expect. He noted that adopting such solutions allows banks to streamline processes, cut costs, and improve overall user experience.
In addition to its integration within Global PAYplus, ACH processing will also become part of Finastra’s Payments To Go solution in the near future.
Finastra serves over 8,000 customers worldwide, including 45 of the world’s top 50 banks, across 130+ countries. Its portfolio spans lending, payments, universal banking, and treasury and capital markets, with products such as Loan IQ, LaserPro, Trade Innovation, Essence, Global PAYplus, and Payments To Go. Backed by Vista Equity Partners, Finastra continues to co-innovate with customers to deliver modern, scalable technology that supports long-term growth and resilience.
Taking the Next Step in Autonomous Finance, AppZen Raises $180 Million Led by Riverwood Capital
AppZen, a global leader in agentic AI for finance teams, has secured $180 million in growth funding led by Riverwood Capital, a firm recognized for its expertise in scaling technology companies. The funding will accelerate AppZen’s mission of bringing autonomous finance to enterprises worldwide.
Built on its proprietary ZenLM models and Mastermind AI Automation Platform, AppZen’s technology enables finance teams to streamline and automate processes across travel and expense, accounts payable, and corporate card programs. More than 500 global enterprises, including over 65 Fortune 500 companies, rely on AppZen to cut operational costs, reduce spend leakage, and reallocate significant manual workloads to strategic initiatives. The company has already delivered more than $2 billion in savings for its customers.
With the new capital, AppZen aims to scale adoption of agentic AI in finance by converting traditional workflows into intelligent digital coworkers, helping CFOs and controllers replace more than half of their manual tasks without adding headcount or outsourcing. CEO and Co-founder Anant Kale emphasized that the collaboration with Riverwood Capital will accelerate the deployment of Mastermind AI Agents, allowing finance teams to run workflows on autopilot at enterprise scale.
As global businesses face mounting cost pressures, regulatory requirements, and fraud risks, the demand for AI-powered financial automation is rapidly increasing. Market forecasts indicate the global AI industry will expand from $290 billion in 2025 to $1.7 trillion by 2032, with Gartner predicting that one-third of enterprise applications will embed agentic AI by 2028. AppZen is positioning itself at the center of this transformation, helping finance teams transition from process automation to autonomous decision-making.
Riverwood Capital’s Co-Founder Francisco Alvarez-Demalde described AppZen as a pioneer in autonomous finance, highlighting the company’s ability to transform how enterprises manage expenses, payables, and compliance. Both he and Riverwood Partner Alex Porto will join AppZen’s board of directors as part of the investment.
AppZen’s models are trained for deep semantic understanding across more than 40 languages and 60 countries, supporting multi-entity and multi-currency operations. Customers such as Airbus report immediate impact, with significant workload reductions and greater policy consistency achieved through the platform. Its latest product, the Mastermind AI Studio, allows organizations to modernize standard operating procedures into AI Agents without requiring coding, IT support, or advanced training, enabling rapid deployment of digital finance workers.
J.P. Morgan served as the sole placement agent on this transaction. AppZen continues to serve some of the world’s largest and most complex organizations, including Amazon, Boeing, Salesforce, Novartis, and JPMorgan Chase, by providing AI-powered tools that ensure efficiency, compliance, and accuracy in global finance operations.
OneDigital Announces Strategic Investment from Stone Point Capital and CPP Investments
OneDigital, a leading insurance brokerage, financial services, and workforce consulting firm, announced that it has received a majority investment from funds managed by Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments). The deal values the company at more than US $7 billion and is set to drive OneDigital’s next phase of growth through both organic expansion and targeted acquisitions. The investment will be executed through the purchase of shares from current stakeholders, including Onex Partners, which will maintain a meaningful minority position in the company.
Now celebrating its 25th anniversary, OneDigital has built a reputation for delivering comprehensive insurance, financial, and workforce solutions that empower clients to achieve long-term success. This transaction represents the firm’s fourth equity recapitalization, underscoring investor confidence in its founder-led leadership team, innovative operating model, and consistent trajectory of growth across its five core business areas: employee benefits and HR, retirement and wealth management, property and casualty, professional employer organization (PEO), and Medicare Advantage.
Adam Bruckman, President and CEO of OneDigital, described the deal as a pivotal step for the company. “The backing of Stone Point Capital and CPP Investments brings together two world-class investors behind a unified platform that spans multiple verticals. This partnership gives us the resources to continue investing in people, technology, and enhanced capabilities, while deepening the value we bring to our clients. We are also grateful for the continued support of Onex, which has been instrumental in our growth over the past five years.”
Stone Point Capital’s Jarryd Levine, Managing Director, highlighted OneDigital’s strong foundation: “Partnering with a founder-led business that has consistently demonstrated innovation and growth is an exciting opportunity. We see tremendous potential in OneDigital and look forward to working with the team to unlock further value.”
Sam Blaichman, Managing Director and Head of Direct Private Equity at CPP Investments, emphasized the firm’s commitment: “OneDigital’s strong culture, client focus, and track record of resilience make it a standout partner. Together with Stone Point and Onex, we are confident in supporting the company’s continued growth and long-term value creation.”
Onex Partners, which first invested in OneDigital in 2020, will remain actively engaged. “We continue to believe deeply in OneDigital’s vision and success,” said Adam Cobourn, Managing Director at Onex Partners. “This outcome reflects the strength of the business and provides a strong foundation for its next chapter.”
Depending on regulatory approvals, the deal is anticipated to completion in the fourth quarter of 2025. Evercore acted as lead financial advisor to OneDigital, supported by Ardea Partners and Barclays, with Kirkland & Ellis providing legal counsel. Stone Point was advised by J.P. Morgan Securities LLC and RBC Capital Markets, with Simpson Thacher & Bartlett LLP serving as legal counsel and Paul, Weiss, Rifkind, Wharton & Garrison LLP providing debt financing counsel.
A strategic partnership between Proxet and Adyen will boost innovation, simplify payments, and boost business growth
Proxet, a global software and data engineering company, has announced a strategic partnership with Adyen, the leading financial technology platform trusted by top businesses worldwide. The collaboration is designed to accelerate innovation, simplify payment integration, and deliver seamless customer experiences on a global scale. Together, the two companies will merge Proxet’s expertise in digital transformation and fintech engineering with Adyen’s renowned payments technology to empower businesses with smarter, more efficient solutions.
This partnership enables companies to simplify payment architecture by integrating Adyen’s unified global platform with Proxet’s tailored engineering solutions. It also allows businesses to unlock new revenue opportunities through advanced payment data, real-time analytics, and multi-channel commerce, while accelerating product innovation by leveraging Proxet’s managed engineering teams alongside Adyen’s secure global infrastructure. The goal is not only to improve operational efficiency but also to equip organizations with the tools needed to innovate and scale faster.
Executives from both firms underscored the transformative potential of the partnership. Vlad Medvedosky, CEO of Proxet, stated that Adyen has set the benchmark for seamless and secure payments and that joining forces will allow clients to simplify complexity, drive new revenue streams, and create exceptional customer experiences. Jose Sepulveda, Global Head of Partner Programs & Scaled Management at Adyen, added that Proxet’s entry into the Adyen Partner Ecosystem will empower merchants worldwide to streamline operations, enhance customer journeys, and unlock new growth opportunities.
Proxet brings a proven record of success across industries such as fintech, healthcare, real estate, and private equity, helping companies operationalize AI-driven decision systems, modernize infrastructure, and accelerate time-to-market. Its focus on scalable platforms, AI-powered tools, and cloud-native applications complements Adyen’s payments technology, which enables businesses to accept transactions anywhere, across any channel, with speed, security, and transparency.
This partnership highlights Proxet’s commitment to building enduring collaborations with innovative technology leaders. By aligning with Adyen, Proxet reaffirms its mission to help organizations not only adapt to change but also set the pace of innovation in their industries.
Proxet is a software and data engineering firm specializing in data and AI-driven systems, scalable platforms, and cloud-native applications. It supports fintech and payments companies by building data platforms, automating compliance, and embedding machine learning into critical systems such as fraud detection and credit decisioning, enabling businesses to modernize and accelerate product delivery.
Adyen is a global financial technology platform offering end-to-end payments, financial products, and data-driven insights in a single solution. With clients including Microsoft, Meta, Uber, H&M, and eBay, Adyen helps businesses worldwide achieve their ambitions faster.
Commerce Will Be Revolutionized With Google and PayPal’s Multiyear Partnership
Google and PayPal have announced a multiyear strategic partnership aimed at reshaping the future of digital commerce through innovative solutions designed to make transactions easier, faster, and more secure across platforms and devices. By combining Google’s expertise in artificial intelligence with PayPal’s trusted global payment infrastructure, the two companies are working to deliver seamless experiences for businesses, merchants, and consumers while setting new standards for commerce innovation at scale.
“We’re thrilled expand our partnership to accelerate online transactions and improve security, as PayPal is a leader in digital commerce,” stated Sundar Pichai, CEO of Google and Alphabet. “We will provide improved commerce experiences across our platforms and services by incorporating Google’s cutting-edge AI and PayPal’s innovative payment solutions deeper into our ecosystem.” Alex Chriss, President and CEO of PayPal, emphasized the importance of trust and innovation in the evolving world of agentic commerce, noting, “Together with Google, we are not only shaping the future of digital commerce but also expanding opportunities for merchants and users worldwide. This partnership will bring PayPal’s trusted products to billions of Google users while redefining what is possible at global scale.”
The collaboration will focus on advancing agentic shopping and commerce experiences by creating AI-powered tools that transform how consumers shop and businesses engage with their audiences. PayPal’s data-driven personalization, identity solutions, and payment services will integrate with Google’s AI capabilities to enable more intelligent commerce journeys. Alongside these innovations, both companies are also advocating for the adoption of Google’s Agent Payments Protocol, a secure and scalable open standard designed to support the future of agentic commerce across industries.
As part of the agreement, PayPal’s solutions, including branded checkout, Hyperwallet, and PayPal Payouts, will be embedded across Google’s products to ensure smooth and consistent user experiences. PayPal Enterprise Payments will also play a greater role in processing card payments across major Google platforms such as Google Cloud, Google Ads, and Google Play, reinforcing PayPal’s presence as a trusted payment provider within Google’s ecosystem. Additionally, PayPal will collaborate with Google Cloud to reimagine its technology infrastructure, building the foundations for its next-generation commerce and payments platform.
Together, Google and PayPal are driving the intelligent agent revolution, equipping merchants, developers, and consumers with the tools needed to thrive in the next wave of digital commerce. Their partnership marks not only a technological advancement but also a step toward building a stronger, more trusted ecosystem that enables global growth and innovation.
To Simplify Checkout and Accelerate Business Growth Payments Partnership has been announced between Fortis and BigCommerce
Fortis, a recognized leader in embedded payments and commerce technology, today announced a strategic partnership with BigCommerce, powered by Commerce (Nasdaq: CMRC). BigCommerce is one of the most flexible enterprise ecommerce platforms available, serving brands, retailers, manufacturers, and merchants worldwide. This collaboration gives BigCommerce customers-including mid-market B2B sellers, distributors, service-driven companies, and developers-direct access to Fortis’ advanced embedded payments technology.
The connection is intended to provide real-time transaction capabilities, streamlined reconciliation, and next-day funding, all while removing the need for disparate systems and third-party gateways. By doing so, businesses gain the ability to streamline their checkout processes, improve operational efficiency, and drive growth at scale.
According to Greg Cohen, CEO of Fortis, “The partnership with BigCommerce marks a defining moment in our mission to transform payments from operational necessity into a growth engine,” highlighting the significance of the collaboration. Fortis is pleased to support embedded commerce’s future as BigCommerce develops under the Commerce brand, where integrated payments offer unparalleled speed, scalability, and competitive advantage. We are working together to rethink checkout and beyond.
Russell Klein, Chief Commercial Officer at Commerce, echoed the importance of agility in the modern marketplace. “To remain competitive, today’s merchants must possess agility.” According to Klein, Fortis provides the adaptability and strategic alliance that enable companies to speed up payments while maintaining their commitment to providing outstanding customer service.
Fortis and BigCommerce are changing the way that payments function in e-commerce with this collaboration. The integration ensures smoother checkout experiences, reduces backend complexity, and provides businesses with access to critical tools that enable faster scaling and smarter operations. By embedding payments directly into the commerce journey, the collaboration transforms what was once considered an operational burden into a strategic advantage, helping merchants strengthen customer trust and expand global reach.
Fortis has established itself as the leader in embedded payments, supporting software providers and ERP systems with billions in annual processing volume. Its goal is to turn payments from a cost center into a growth engine by quickly integrating them into software activities. Headquartered in Plano, Texas, Fortis is committed to redefining the massive B2B payments landscape by making commerce simpler, faster, and more intelligent.
BigCommerce, now powered by Commerce, continues to position itself as a trusted enterprise ecommerce platform for businesses across industries. By combining its flexible, open architecture with Fortis’ embedded payment solutions, the platform empowers merchants to scale without compromise, innovate without limits, and deliver customer journeys that exceed expectations.
BACKLIT CAPITAL SOLUTIONS LAUNCHES PREMIER LEGAL FINANCE CONSULTANCY
Backlit Capital Solutions today announced the launch of its full-service legal finance consultancy helping claimants, law firms, lenders and investors navigate the legal finance and contingent risk insurance market. Backlit provides capital access and strategic advisory services to claimants and law firms, as well as targeted deployment strategies, portfolio management guidance, risk mitigation, and asset remediation solutions for lenders and investors.
Backlit was founded by Ken Epstein and Matt Leland, who combine more than forty-five years of experience in litigation finance, credit analysis and remediation, and both in-house and law firm legal services. Backlit’s principals have managed large, varied portfolios with hundreds of millions of dollars in claims across dozens of litigation investments.
Epstein, Backlit Principal and Co-founder, said, “Litigation funding is undergoing a period of growth and transformation, providing new opportunities and risks for claimants and investors. As the landscape becomes more complex, participants on all sides of these transactions require experienced, individualized and directed advice to protect their interests. Backlit Capital Solutions was purpose-built to deliver independent, trusted counsel focused on problem-solving and fully responsive to the unique short- and long-term needs of each client in this dynamic market.”
Backlit Capital Solutions provides a full suite of services for entities looking to raise, lend and invest capital:
For Law Firms and Claimants:
- Seamless Fundraising Support: Offering practical advice rooted in deep industry knowledge and proven strategies to ensure a smooth and successful fundraising process.
- End-to-End Transaction Management: Minimizing burdens on attorneys by managing transactions from inception through completion. Backlit organizes, optimizes, and presents key case information to engage the most appropriate capital sources, negotiate favorable economic and non-economic terms, and ensure fiduciary obligations to the funding recipient are satisfied.
- Financial Modeling and Scenario Analysis: Helping clients assess the economic impact of alternative deal structures and financial terms through financial modeling and scenario analysis to ensure well-informed decision-making.
For Lenders and Investors:
- Deal Sourcing and Evaluation: Assisting in finding, evaluating, pricing, and closing legal finance opportunities delivering superior risk-adjusted returns in both primary and secondary markets.
- Contingent Risk Insurance Solutions: Exploring the availability and potential financial benefit of insurance products to protect investor principal.
- Asset Recovery and Liquidity Solutions: Crafting tailored strategies to preserve value in non-performing legal assets, as well as facilitating access to secondary markets for monetization, exit, or redeployment into new opportunities.
- Expert Opinions and Testimony: Delivering formal opinions on legal finance industry practices and market standards, and providing expert testimony in proceedings involving the valuation, treatment, and structure of legal assets.
Leland, Backlit Principal and Co-founder, said, “Litigation finance is at a crossroads. While its use spreads rapidly among claimants and law firms, the competition for funding grows, driving meaningful economic opportunities, as well as risks. Backlit’s deep experience with litigation finance, business, and complex commercial litigation provides unmatched expertise and unique end-to-end support for those pursuing litigation resources in an increasingly challenging market.”
Kiwi secures $7.8m to grow AI-powered credit platform for Latinos
Kiwi, a FinTech company focused on building AI-driven credit and financial tools for underbanked Latino communities in the US, has closed a $7.8m Series A funding round.
The round was co-led by LIP Ventures and Advent-Morro Equity Partners, with further backing from Morro Ventures, Independent Capital, Neer Venture Partners, Invariantes Fund, and others. This latest funding brings Kiwi’s total equity investment to over $15m.
Founded in 2020 by Dominican Republic natives Mariano Sanz and Alexander Schachter, Kiwi was launched with a mission to address the lack of credit access among Latinos in the U.S. Its technology has since helped more than 100,000 users build credit histories and connect with formal financial services.
Kiwi offers a suite of AI-powered products that cover the entire credit lifecycle—from underwriting and fraud detection to compliance and servicing. The platform has been tailored specifically to how Latino immigrants and US-born Latinos manage their finances, providing access to tools that support spending, saving, borrowing, and staying financially connected.
With over 300% revenue growth in 2024 and ongoing profitability, the company now plans to use the new capital to accelerate its nationwide rollout, advance its AI capabilities, and develop new financial products aligned with the day-to-day needs of its users.
Kiwi CEO Mariano Sanz said, “Access to credit is often the biggest barrier for our customers. When you solve that first, you earn the long-term relationship. Our customers don’t want just another app. They want someone who sees them, understands them, and helps them thrive in a market where they’ve been historically overlooked. That’s what we’re building.”
Nomupay raises $40m to expand Asia payments with SBPS partnership
Nomupay has secured $40m in funding alongside entering a strategic partnership with Japan-based SB Payment Service Corp (SBPS).
According to Tech EU, the latest funding round, which values Nomupay at $290m, includes an investment from SBPS. The capital injection marks a milestone in the company’s efforts to accelerate cross-border payment capabilities between Asia and the rest of the world.
Founded in 2021, Nomupay offers a seamless, all-in-one payments platform serving over 1,500 merchants globally. With a team of more than 230 employees, the company facilitates pay-ins, payouts and acquiring via a gateway-agnostic solution integrated through a single API and managed within a single back office environment.
The new funding will enable Nomupay to expand its infrastructure further across Japan and Asia, simplify inter-regional transactions, and add more local payment methods and country-specific services. This will enhance accessibility for European, SEA, Middle Eastern and global merchants seeking to do business in Asia.
SBPS aims to use the partnership to grow its international footprint while enhancing its payment offering through improved scalability and broader payment options. Nomupay’s unified solution aims to address the fragmented regulatory and payment preferences across Asian markets, reducing the operational burden for businesses entering the region.
Nomupay group CEO Peter Burridge said, “We are very excited to announce the SBPS investment in our business and the formalisation of a strategic partnership. Since our inception in 2021, we have been robustly active in the region. The SBPS investment now enables us to double down and support inter-regional commerce by adding additional countries and payment methods to the platform in order to support bi-directional access between Japan, Asia and the rest of the world.”
SB Payment Service Corp. representative director, president and CEO Jun Shimba said, “With Nomupay as a key partner, we will leverage Nomupay’s payment solutions to support our clients entering the Asian market.”
This strategic investment also reinforces Nomupay’s ambition to become the leading payment platform across Asia by simplifying access and reducing operational friction for companies navigating the region’s diverse regulatory landscape.
Saudi FinTech Stitch raises $10m to streamline digital banking infrastructure
Stitch, a Saudi Arabia-based FinTech company, has raised $10m in seed funding to support its mission of transforming how financial and non-financial institutions build banking and payment products.
The round attracted backing from investors including Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. It also saw participation from family offices and industry veterans such as Marqeta founder Jason Gardner and Abdulmalik AlSheikh, a key figure in building Saudi Arabia’s payment networks mada and Sadad.
Founded in 2022, Stitch operates as a unified infrastructure platform enabling institutions to build, launch, and scale financial services quickly and efficiently. Its API-driven solution is tailored to overcome the inefficiencies of legacy financial systems, offering a faster, more streamlined approach for creating modern digital products.
The new capital will be used to grow Stitch’s team and further enhance its platform’s capabilities. With clients already spanning Saudi Arabia, the UAE, and parts of East Africa beginning with Kenya the company is positioning itself as a key infrastructure provider for banks, FinTech firms, and enterprises looking to embed financial services into their offerings.
Stitch CEO Mohamed Oueida said, “At Stitch, our vision is to reinvent how financial and non-financial institutions bring banking and payment products to market.”
“Today, the process of building financial products is broken. Businesses are forced to navigate outdated legacy systems and complex regulatory frameworks, making things slow, expensive, and mostly painful. It doesn’t have to be this way. Stitch exists to change this. Institutions should be able to focus on what matters and have a platform that can mold around their creativity. We are generally looking to make this process a lot more enjoyable for our partners.”
SVC deputy CEO and chief investment officer Nora Alsarhan said, “Our investment in Stitch is driven by our commitment to supporting the growth of innovative Saudi-based startups, enabling them to compete both regionally and globally. We believe Stitch has the potential to play a significant role in developing a more capable and resilient financial ecosystem in the Middle East and around the world.”
Belgian FinTech Auditstage lands €750k to transform financial audits with AI
Belgian start-up Auditstage, an emerging player in the AuditTech sector, is developing an AI-powered collaboration platform to streamline and modernise the external audit process.
The company has raised €750,000 in pre-seed funding from venture capital firm Smartfin.
Founded in 2024 by certified auditor Natalia Khamraeva, Auditstage aims to overhaul the traditional financial audit by creating a digital command centre for external audits. The platform integrates tools, workflows, and communications into one AI-native environment.
Auditstage’s technology focuses on intelligent automation to eliminate manual, repetitive tasks that slow down audit cycles. The AI agents are designed to let auditors and accounting teams concentrate on delivering high-quality financial reporting. Although the platform is still in the pilot phase, several Belgian audit firms are already trialling it ahead of a broader launch scheduled for autumn 2025.
The funding will be used to accelerate the platform’s development, expand the founding team, and prepare for a wider commercial rollout in 2026. The company’s long-term goal is to become the default audit solution globally, replacing outdated legacy systems with a smarter, more connected approach.
Auditstage founder and CEO Natalia Khamraeva said, “Auditors today rely on a patchwork of tools and communication channels to get the job done. Auditstage streamlines that process by integrating everything into one secure, collaborative environment that is AI native and that uses intelligent automation for tasks nobody likes.”
Smartfin founding partner Jürgen Ingels said, “We’re seeing the wave of automation that first transformed accounting now ripple into the audit world, a high-stakes industry with real pain points. With Natalia’s deep audit expertise and bold product vision, we see tremendous potential for disruption in the AuditTech space.”
Personal finance platform Monarch raises $75m to scale financial wellness tools
Monarch, a personal finance platform focused on improving financial health for households, has raised $75m in a Series B funding round.
The round was co-led by FPV Ventures, represented by Wesley Chan, and Forerunner Ventures, led by Eurie Kim. Existing backers Menlo Ventures, Accel, SignalFire, and Clocktower Ventures also took part in the latest raise.
Founded six years ago, Monarch offers consumers a centralised view of their personal finances. The platform allows users to connect to a wide array of financial institutions, track their net worth, manage cash flow and budgets, and plan for long-term financial goals. It also features collaborative tools for couples and financial advisors, alongside a personalised advice function.
The new capital injection will be used to scale the Monarch team and broaden the capabilities of the platform. The company plans to invest heavily in product development as it aims to reach more households and improve access to financial wellness tools across income levels.
MuchBetter and NatWest team up to transform B2B banking with new business account offering
MuchBetter has partnered with UK banking giant NatWest to boost its B2B arm, MuchBetter Business (MBB), marking a major step forward in delivering banking solutions for underserved industries and specialised sectors.
The alliance brings together MuchBetter’s FinTech expertise with NatWest’s robust banking infrastructure. Under the partnership, NatWest will provide fund safeguarding, access to payment schemes, foreign exchange services, and core banking support to MBB’s Corporate Business Account clients. These offerings are targeted at businesses struggling to access traditional banking services.
Through its collaboration with a tier-one institution like NatWest, MuchBetter is reinforcing trust and confidence in its services. NatWest’s strong regulatory standing ensures that client funds are protected, and held in dedicated accounts to guarantee transparency and security.
The MuchBetter Business platform is designed to support international operations, offering operational and segregated accounts across 35 currencies. As a direct SWIFT member, the platform also ensures fast, secure, and fully compliant cross-border payments. By integrating with NatWest, MBB can enhance these features while maintaining a smooth, customer-centric banking experience.
MuchBetter CIO Gary Hill said, “This collaboration with NatWest marks a major milestone for MuchBetter Business as we expand our B2B offering and underscores the credibility of what we’ve built at MuchBetter. We’re proud to offer a robust B2B solution that empowers businesses. Partnering with an esteemed institution like NatWest reinforces their confidence in our offerings and our vision for the future of business banking.”
NatWest head of transaction services and trade Ritu Sehgal added, “NatWest chose to collaborate with MuchBetter due to its compelling business case, supported by an impressive track record of success. MuchBetter’s advanced bank-grade technology and experienced team further reinforce its position as a reliable and innovative partner. Together, we are well-equipped to deliver exceptional financial solutions tailored to the unique needs of our clients.”
FinTech giant Airwallex secures $300m to scale global payments platform
Airwallex, a global financial platform for modern businesses, has raised $300m in a Series F funding round, taking its total funding to over $1.2bn and placing the company’s valuation at $6.2bn.
The latest round features a mix of primary and secondary investment, with $150m in secondary share transfers. Investors include Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and Visa Ventures, as well as several leading Australian pension funds.
Founded in Melbourne, Airwallex has established itself as a key player in the FinTech space by offering cross-border financial infrastructure and services. Its core offering enables businesses to move money globally through a network built from the ground up, with direct integrations into local clearing systems and card networks. The firm supports local account creation in over 60 countries and processes transactions in more than 150 markets.
The company plans to use the new capital to continue expanding into markets such as Japan, Korea, the UAE, and Latin America. It also aims to boost its go-to-market operations across Europe, North America, and South East Asia, while further enhancing its financial infrastructure and software.
Airwallex has been experiencing rapid growth, reporting $720m in annualised revenue as of March 2025, a 90% year-on-year increase. The firm expects to hit $1bn in revenue run rate this year and currently supports over 150,000 businesses globally. Its gross profit in the Americas and Europe has grown at a CAGR of over 250% over the past four years.
Airwallex co-founder and CEO Jack Zhang said, “The global financial system wasn’t built for today’s borderless economy. Too many businesses are held back by legacy infrastructure that’s slow, costly, and fragmented. At Airwallex, we’re building a new foundation for the global economy – one that’s fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global finance, and to empower businesses everywhere to grow without limits.”