Banking Infrastructure

Latin American technology startup Clara, which offerings corporate expense management solutions, has secured up to $150m from Goldman Sachs.

Bricknode, a SaaS financial services platform, has revealed a series of measures to accelerate its route to profitability.

ZSuite Technologies, which powers financial institutions with unbound digital accounts encompassing escrow, subaccounting, sub-ledgering, FBO and trust accounts, has closed its Series A on $11m.

Savana, which develops financial software for banks and FinTechs, has collected $45m in its Series A funding round.

US FinTech GloriFi, which aims to empower its members to “put their money where their values are”, has entered into an agreement to become a publicly traded company through a merger with special purpose acquisition company (SPAC) DHC Acquisition Corp.

Leapfin, a financial data management solution, has closed its Series A funding round on $12.2m, which was led by Crosslink Capital.

Frontegg, a user management platform for B2B apps, has netted $40m in its Series B round, which was co-led by Stripes and Insight Partners.

FinLync, which helps connect global banking, has closed a strategic investment and partnership with Workday Ventures.

Low-code application development platform Genesis Global has received a $20m investment from Bank of America, BNY Mellon and Citi.

Banking software developers Temenos and Wipro have expanded their partnership to help banks of every size accelerate their modernisation journey.