Highnote, a leader in modern card issuance and program management, has announced securing $90 million in Series B funding. This round was spearheaded by Adams Street Partners, with participation from notable investors including Oak HC/FT, WestCap, and Costanoa Ventures.
Highnote’s funding enables its entry into the U.S. merchant acquisition, establishing it as a pioneer in embedded finance with a unified payments platform.
Unified Platform for Issuing and Acquiring
Highnote’s acquiring solution integrates issuing and acquiring, offering full pay-in and pay-out capabilities, simplifying transactions, reducing costs, and streamlining operations for enterprises and B2B customers.
The API-driven acquiring platform supports card payments via plug-ins or custom features, offering enhanced data transparency and economic advantages.
Leadership Perspective
“Highnote’s growth and platform evolution showcase its potential to transform embedded finance,” said Robin Murray, Partner at Adams Street Partners. CEO John MacIlwaine highlighted the acquiring solution as a “game-changer” for businesses aiming to scale seamlessly.
Empowering Innovation
Netevia CEO Vlad Sadovskiy, a Highnote partner, praised the platform for its ability to simplify complex payment scenarios, calling it crucial for hyper-verticalized businesses.
With $90 million in funding and innovative solutions, Highnote is set to redefine payment processes for enterprises, SMBs, and financial institutions.
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