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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). Brex is tapping the new funds for engineering and design to advance its tools for expense management and procurement. “We

Tools 142
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India’s Tata Capital Introduces App For Commercial Loan Clients

PYMNTS

Mumbai-based Tata Capital , a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage their accounts. Tata Capital is deeply invested in providing easy access of credit to merchants and dealers through its Channel Finance and Term Loan products.

Capital 141
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California BanCorp Launches Treasury Management Consultancy

PYMNTS

California BanCorp , the holding company for California Bank of Commerce (CBC), has announced the launch of a Treasury Management Consultancy to enable firms to manage their liquidity, utilize excess cash for better investments and reduce financial risks. “We

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Xeeva Enhances Procurement Spend Data Management

PYMNTS

In an effort to help clients tackle critical challenges and experience quick ROI during the complete procurement process, Xeeva said it has put significant enhancements throughout its array of products into place.

Data 136
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Divvy’s Expense Management Tech Lands $200M

PYMNTS

Corporate expense management company Divvy announced a $200 million fundraise on Tuesday (April 30) led by NEA. “Divvy has hit on a compelling product, addressing a pain point experienced by every business in the world,” said NEA Managing General Partner Scott Sandell in a statement. million raised by the company.

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UK assets on GBST’s Composer® Wealth Management Platform, grow by a fifth in 2021

Bobsguide

Assets on GBST ’s award-winning wealth management platform, Composer®, increased by almost a fifth (18%) to nearly £180 billion, and active accounts rose by 7% to reach 3.4 The post UK assets on GBST’s Composer® Wealth Management Platform, grow by a fifth in 2021 appeared first on Bobsguide. million in the year ended December 2021.

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5 Banking Trends We’re Forecasting for 2023

Perficient

User experience. As the use of technology continues to increase, it should not get more difficult to use. While institutions want to increase their technology play, they are weary of overcomplicating operations. Another example is Eno , Capital One’s virtual assistant.