News secures USD100 mln to digitize business payments

Wednesday 11 October 2017 10:43 CET | News, a cloud-based payments platform for US businesses, has raised an additional USD 100 million to digitize payments.

JP Morgan Chase and Temasek co-led the round, with participation from returning investors August Capital, Scale Ventures, Napier Park, DCM, Icon Ventures, and Emergence Capital.

According to founder and CEO René Lacerte, many more solutions have been rolled out for consumers in the digital payments space. They can choose from Apple Pay, PayPal, and many others to make payments digitally.

Businesses use to pay their bills but also to pay independent contractors who are not employees. Users can log on to or use the app, which is available on both iOS and Android. A dashboard indicates which bills have been received, approved, and paid, and also highlights any payments that are overdue. charges customers a monthly subscription fee for its software-as-a-service (SaaS) offering, which ranges between USD29 and USD100. The startup also monetizes through transaction fees. Customers include Mozilla, Merchant e-Solutions, Tapingo, Gigya, and Highfive.

The startup recently announced a partnership with JP Morgan Chase — the bank will be white-labelling’s product as a B2B payments solution, which will be rolled out in 2018.

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Keywords:, payments , fintech, B2B payments, businesses
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech