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Brex Notches $150M To Advance Expense Management Tools

PYMNTS

FinTech startup unicorn Brex has closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said in a statement on Tuesday (May 19). The new location has a 40-person workforce and will focus on software engineering and user experience processes. .

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How Alternative Lending Technology Stays Flexible For SMBs

PYMNTS

While this partnership model remains popular, market volatility has once again created a need to connect more SMBs to capital as quickly and efficiently as possible. In Canada, one of those alternative players is Thinking Capital. This is a market that's going to be digital-first in the future," he said.

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PAAY Rolls Out Partner Platform To Complement EMV 3DS Technology

PYMNTS

PAAY said its EMV 3DS offering lets merchants decrease chargeback costs, bolster authorization rates and maintain compliance as they provide an easy as well as frictionless experience for users. In that instance, merchants have to contend with cart abandonment. seconds on average through EMV 3DS.

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BlackLine Launches New Cloud Modernizing Products

PYMNTS

BlackLine , which provides account automation software, launched new products on Monday (Nov. 16) to continue helping modernize cloud operations, according to a press release. BlackLine also teamed with Capgemini in June to help boost financial advice and accounting capabilities, PYMNTS reported.

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Allied Irish Bank Joins With HPD LendScape Cloud Program

PYMNTS

In addition, a software update to AIB's LendScape solution allows a one-stop package for receivables finance features including a web portal for the bank's small to medium-sized enterprise (SME) customers allowing for better user experience and better offers for funding access, the release notes.

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Visa Invests In Crypto Storage Firm Anchorage

PYMNTS

The payments firm co-led the funding round along with digital currency-focused venture capital firm Blockchain Capital, Fortune reported. By comparison, Anchorage taps into biometric -based software and multiple human reviews to safeguard investors’ digital currency.

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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

In May, Brex closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said. The location has a 40-person workforce and will focus on software engineering and user experience processes.

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