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PNC Bank Launches PNC Mobile Accept®, A New Pay-As-You-Go Payment Processing Solution for Micro Businesses
PNC Bank today announced the launch of PNC Mobile Accept®, a fully integrated payment solution that provides its micro business clients with the ability to accept in-person credit and debit card payments directly within the PNC Mobile app.
Designed for businesses processing less than $300,000 in credit and debit card transactions annually, PNC Mobile Accept is a self-service solution that gives business owners fast, secure access to accept funds directly from their phone or tablet with no monthly fee.
“Micro businesses are often left behind by traditional card payment solutions due to high fees, restrictive card programs and approval delays,” said Matt Evans, head of PNC Merchant Services for Small Businesses. “With PNC Mobile Accept, we’re meeting small businesses where they are, delivering enterprise-grade payments capabilities at micro business scale – fast, affordable, and accessible.”
PNC Mobile Accept enables card payments through manual entry or via a pocket-sized reader that supports tap, dip, or swipe transactions. The solution boasts enhanced features like tax-and-tip functionality, cardholder data encryption, and near real-time transaction tracking, bringing consumer-grade ease to business-grade payments. Additionally, business owners can accept card payments from all credit card providers and access funds from transactions typically within two business days. This solution is ideal for micro businesses that are always on the go, and until now, lacked an easy way to accept card payments.
PNC small business clients with an active PNC business checking account can apply for PNC Mobile Accept in all PNC Bank branches and online. To apply or for more information about PNC Mobile Accept, please visit http://www.pnc.com/en/small-business/payments-and-processing/mobile-accept.
The payment processing services through PNC Mobile Accept are provided by Tempus Technologies, Inc., a wholly owned subsidiary of PNC Bank, PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.
Wealthbox Secures $200 Million Investment from Sixth Street Growth to Accelerate Expansion and Innovation
Wealthbox, the #1-rated CRM software platform for financial advisors, announced today that it has entered into a definitive agreement for a $200 million strategic majority investment from Sixth Street Growth, the growth investing business of leading global investment firm Sixth Street. The partnership marks a major milestone in Wealthbox’s evolution and positions the company to further scale its operations, accelerate product development, and expand its footprint across the wealth management industry.
The investment from Sixth Street Growth reflects the firm’s strong conviction in Wealthbox’s management team, its modern and intuitive product, and a forward-looking roadmap that includes the development and rollout of innovative AI features designed to drive advisor productivity and firm-wide efficiency. The funding underscores the company’s strong position in the independent advisor market, its expanding opportunity in adjacent wealth-tech categories, and strategic trajectory upmarket to larger RIA firms and enterprise broker-dealers.
“This partnership with Sixth Street is a defining moment for Wealthbox,” said John Rourke, CEO and Co-founder of Wealthbox. “We’ve spent years building a modern, elegant CRM that advisors truly enjoy using. With Sixth Street’s backing, the new funding will allow us to move faster than ever to extend our leadership in the market and deliver even more value to advisory firms of all sizes.”
This investment will enable a new chapter of growth. Wealthbox plans to accelerate product development, expand integrations across the advisor tech stack, and deepen its enterprise capabilities to meet the needs of increasingly complex advisory firms.
“Wealthbox’s platform combines user-friendly simplicity with powerful capabilities, underpinned by a deep commitment to customer satisfaction, and we believe that it offers a valuable, advisor-centric CRM solution for the wealth management channel,” said Michael McGinn, Partner at Sixth Street and Co-Head of Sixth Street Growth. “We are pleased to partner with Wealthbox to support its next phase of innovation.”
As part of the transaction, Michael McGinn, as well as Paul Dodd, Operating Partner, and Alex Goodman, Principal at Sixth Street Growth, will join Wealthbox’s Board of Directors.
Frontier Growth Wealthbox’s existing investor will retain its position in the company by rolling over a substantial portion of its equity into the recapitalization.
Wealthbox will continue to operate under its current leadership team, with management also reinvesting meaningfully, underscoring their long-term commitment to the business and its future trajectory.
NEC Specialty Inc. Adopts Expert Insured to Power Next-Gen Underwriting and Policy Management
NEC Specialty Inc. a leading managing general agency (MGA) serving brokers across the East Coast, has officially gone live on the Expert Insured Policy Management platform an advanced, AI-driven system built specifically for MGAs and wholesale distributors. This strategic move underscores NECS’s commitment to innovation and operational excellence.
NECS operates as an independent MGA, distinct from its former parent company, Northeast Coverages Inc., which was acquired by Acrisure, a global fintech leader, in 2023.
The adoption of Expert Insured reflects NECS’s dedication to staying ahead in a rapidly evolving insurance landscape. With this platform, the NECS team gains powerful tools to streamline submissions, reduce manual processing, and respond to brokers faster—without compromising underwriting discipline.
“We spent months evaluating nearly every platform on the market. Expert Insured was the only one that truly understood how MGAs operate and what we need to succeed,” said Robert Mangi, President of NECS. “We’re excited to be live on a system that reflects our vision for the future faster, smarter, and built for the way business really works.”
Expert Insured offers MGAs a fully integrated solution for policy management, workflow and task management, broker relationships / CRM, and accounting all in one system. For NECS, the platform allows for cleaner handoffs across teams, real-time visibility into submissions and quotes, and fewer delays in responding to agent partners.
“We’re thrilled to have NECS join the Expert Insured platform,” said Spencer McDonald, CEO of Expert Insured. “We’ve built a system for the next generation of MGAs designed to meet the speed and complexity of today’s market while supporting the unique workflows and needs of every team.”
The launch marks a new chapter for NECS as it continues to expand its footprint and product offerings. By adopting Expert Insured, the agency positions itself at the forefront of digital innovation in wholesale insurance, ensuring it can adapt and lead in an increasingly tech-driven environment.
Optalitix launches Model Monitoring to transform insurance pricing oversight
UK-based InsurTech firm Optalitix has launched Model Monitoring, a new feature for its flagship Optalitix Models platform, offering real-time tracking and analysis of insurance pricing models.
The tool allows insurers to monitor model usage, detect anomalies, and optimise performance, resulting in faster quote generation and more accurate pricing.
Model Monitoring supports all major modelling formats, including Excel, Python, and R, and will be available to clients on a self-service basis from July 2025.
The upgrade also delivers a 70% boost in model performance speed, powered by integration with Google Cloud’s system tracking technology.
Optalitix product manager Ricky Jayes said, “This change is groundbreaking for our clients, giving them far deeper insight and awareness of the performance of their entire model estate.”
Optalitix founding director Dani Katz said, “We believe the inclusion of a single source for model monitoring for insurers’ entire model estate, including their Excel, Python, and R models, is a world first. Optalitix is committed to providing groundbreaking technology to help insurers manage their advanced model estates.”
Tietoevry Banking partners with Finance Innovation to boost Norwegian FinTech innovation
Tietoevry Banking has officially joined NCE Finance Innovation, a key Norwegian FinTech cluster, in a move designed to drive innovation, collaboration and digital transformation across the financial sector.
The partnership aims to enhance knowledge-sharing among industry players.
Finance Innovation is a nationally recognised cluster supported by Innovation Norway and focuses on uniting finance and technology stakeholders across the country. The collaboration is expected to strengthen the national role of Finance Innovation as a hub for customer-led transformation, while also advancing the reputation of the financial sector as a dynamic and attractive career destination for tech professionals.
Tietoevry Banking acting managing director Mario Blazevic said, “We want to contribute to strengthening Finance Innovation’s role as a leading national arena for customer-driven innovation and transformation, helping the financial sector enhance its competitiveness and reputation as an attractive workplace for anyone passionate about technology.”
Finance Innovation CEO Rea Parashar welcomed the partnership, highlighting the strategic value that Tietoevry brings to the cluster. Rea Parashar said, “Tietoevry Banking is a valuable addition to the cluster ecosystem at Finance Innovation. With its broad expertise, extensive experience, and international network, this collaboration can unlock significant benefits for both society and the business community which aligns perfectly with our mission as an industry cluster.”
Tietoevry Banking employs around 3,400 FinTech experts globally, with 1,500 based in Norway across key cities including Bergen, Trondheim, Mo i Rana and Oslo. The company plays a central role in accelerating digital innovation in the region and sees this new partnership as a means to both contribute and learn.
Blazevic said, “The pace of digital innovation and transformation in Norway must increase, and the financial sector is a key catalyst in this effort. With our strong presence both in Norway and internationally, we at Tietoevry Banking are committed to sharing our expertise and experience to help Finance Innovation strengthen its national role, says Mario Blazevic, adding that the partnership will also be an important learning platform for employees.
“Those of us working in technology can never claim to be fully trained. We must continuously evolve, stay on top of trends, and find ways to convert them into lasting value for customers and society. The collaboration with Finance Innovation will be crucial for strengthening our regional presence
Client executive Sveinung André Gundersen underlined the importance of Tietoevry’s open, modular platform in enabling innovation within the FinTech ecosystem. Sveinung André Gundersen said, “Because our systems are based on open and modular solutions, this network will allow us to further strengthen the ecosystem of partners driving innovation and development. We believe and hope that this partnership with Finance Innovation will be a catalyst for further growth and innovation for Tietoevry Banking in the Bergen region — and that it will inspire innovation in other regions as well.”
Tietoevry Banking is a major provider of financial SaaS services across the Nordics and globally. Its suite of offerings spans digital banking, payments, card management, lending, wealth management and fraud prevention. With clients in over 60 countries, the company supports banks and financial institutions in adapting to market demands, complying with regulations, and enhancing customer experiences through secure, scalable technologies. It is part of the wider Tietoevry group, which generates annual revenues of around €3bn and is publicly listed in Helsinki, Stockholm and Oslo.
Lokalbank partners with Tietoevry Banking to power digital transformation
Tietoevry Banking has entered into a long-term partnership with Lokalbank, a network of 16 independent Norwegian banks, to deliver a tailored banking platform for the Norwegian market.
The partnership aims to support Lokalbank’s mission of fostering local community growth through the adoption of a future-ready digital platform. The solution is designed to streamline operations, enhance customer experience, and improve operational efficiency through automation and modernised digital workflows.
Tietoevry Banking brings to the table its full-service technology stack, which includes core banking capabilities, online and mobile banking, payment systems, card services, and anti-financial crime solutions. Built on industry-standard architecture, the platform ensures compliance, security, and rapid deployment.
Lokalbank serves approximately 250,000 private and corporate clients across Norway. By adopting Tietoevry’s platform, the collaboration will benefit from reduced complexity and a more cohesive user experience. Employees will be better positioned to focus on advisory services, thanks to the automation of routine processes.
The five-year agreement, with an optional extension of two plus two years, establishes a structured collaboration framework between Lokalbank, Tietoevry Banking, and the Frende Group. The Frende Group, of which Lokalbank and Sparebanken Norge are key members, includes banks that distribute insurance from Frende Forsikring and partner with Brage Finans and Norne Securities. The framework also enables additional banks to join the group under favourable technology terms.
As part of the deal, Tietoevry Banking will oversee the migration of Lokalbank to its modernised core platform using a phased approach. This process will include clearly defined roles and a strong governance structure to ensure a smooth transition and enable the development of next-generation digital banking capabilities.
Frende Group CEO Stine Neteland highlighted the strategic alignment of the group, stating that having all Frende banks unified under one technology provider opens up significant opportunities for future development and seamless user experiences across their shared ecosystem.
Lokalbank CEO Bent R. Eidem said, “The agreement with Tietoevry Banking provides Lokalbank with a unified technology platform that streamlines operations across the collaboration. Digital workflows and user-friendly tools free up employees to focus on advisory services and sales. Combined with a modern digital interface, this enhances the overall customer experience. Altogether, the partnership with Tietoevry Banking strengthens our banks competitive position.”
Tietoevry CEO Endre Rangnes said, “Being chosen by Lokalbank as a strategic partner is a strong vote of confidence. Our end-to-end technology platform, built on industry-standard architecture, enables cost-efficient banking while meeting high demands for quality and security. Through the delivery of a full-service solution, Lokalbank benefits from significantly simplified integration and faster time-to-market.”
Frende Group CEO Stine Neteland added, “This new technology partnership with Tietoevry Banking enables Lokalbank to offer customers a seamless user experience across banking services and product companies within the Frende network. Combined with lower operational complexity and strong digital interfaces, Lokalbank becomes a highly attractive partner in the Norwegian market.”
Tietoevry Banking acting CEO Mario Blazevic said, “Tietoevry Banking will migrate Lokalbank to its modernised core banking platform using a proven framework that emphasizes strong collaboration, clearly defined roles, and effective meeting structures—ensuring a step-by-step, well-managed transition. This partnership also opens up new opportunities for developing next-generation digital banking services.”
Frende Group CEO Stine B. Neteland said, “We have signed an agreement that enables new members to join the Frende Group directly and benefit from a highly competitive technology deal. Our goal is to remain a collaboration that supports independence while accommodating the diverse needs of different banks.”
Neteland concluded, “That’s why it is especially gratifying that all Frende Group banks are now aligned with the same technology provider. This gives us unique opportunities to further develop our banks, product companies, and deliver outstanding user experiences across our shared ecosystem.”
Cork InsurTech Kayna accelerates global growth with embedded insurance model
Kayna, a Cork-based InsurTech, has announced plans to create 13 new jobs as it expands into the US and UK insurance markets.
The news was shared during a visit from Robert Troy, Minister of State for Financial Services, who met with Kayna CEO Paul Prendergast to discuss the company’s international growth strategy and Ireland’s role as a hub for FinTech innovation.
Founded in 2021 by Paul Prendergast and Peter Bermingham, Kayna delivers embedded insurance solutions for small businesses in sectors such as construction, hospitality, and legal services. The platform enables SMEs to access tailored coverage directly through the software tools they already use. In the US alone, 40% of SMEs are uninsured, highlighting a significant market gap Kayna aims to address.
Prendergast said. “The opportunity is huge. Embedded insurance is forecast to account for 15pc of the global insurance market, worth $1.5 trillion, within a decade. Kayna’s goal is to lead from the front, and to do so from Cork.”
The company is backed by €1m in funding and has secured a major partnership with global broker Willis Towers Watson to support its expansion. Recruitment will focus on software engineers and business development staff, with all roles based in Cork.
Parametrix unveils $2m embedded insurance product for EDR system failures
Parametrix, a pioneer in digital business interruption insurance, has launched a new embedded coverage programme aimed at safeguarding businesses from disruptions triggered by endpoint security failures.
The introduction of this new insurance product comes in the wake of rising demand for improved risk mitigation following high-profile outages.
Notably, the global CrowdStrike incident in July 2024 highlighted the vulnerabilities within Endpoint Detection and Response (EDR) platforms.
As these systems become more central to digital operations, the consequences of their failure have grown more severe, prompting calls for better contingency solutions.
Founded to address the gaps in digital continuity, Parametrix offers parametric insurance products that enable rapid, transparent compensation in the event of technology downtime. By focusing on measurable service interruptions, the firm provides a unique and scalable approach to mitigating digital business risk.
The newly launched embedded coverage product is designed to offer up to $2m in financial protection per client when EDR systems experience failures that halt operations. The programme is exclusively available through selected EDR providers, who will offer it as a value-added warranty for their premium customers. To be eligible, businesses must have at least 100 protected endpoints.
This move is intended to build confidence in EDR platforms by ensuring clients are financially covered should their cybersecurity systems unexpectedly malfunction. By embedding coverage directly within the service package, Parametrix simplifies insurance access while reinforcing trust in digital infrastructure.
The product’s launch further strengthens Parametrix’s leadership in the InsurTech space, especially in the niche of parametric insurance. It reflects the company’s commitment to helping businesses navigate the complexities of digital risk with precision and speed.
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.”