Infrastructure & Enterprise Software

Broadstone, an independent pensions, employee benefits, and investments consultancy, has partnered with SaaS platform Workstars.

Suppli, a digital accounts receivable platform for the construction industry, has netted $3.1m in its seed funding round.

Petal, a credit card and financial technology company, has raised $35m in funding and spun off its B2B-focussed data infrastructure and analytics subsidiary, Prism Data.

Trunk Tools, a financial technology (FinTech) start-up specialising in the construction industry, has launched its operations with a bang. The New York-based firm aims to address the persistent skilled labour shortage in the sector by enabling faster payment processing for construction workers.

Westpac NZ's venture capital division, Red Bird Ventures, has taken the lead in a $1.4m funding round for Akahu. The Kiwi FinTech firm also saw participation from co-investors K1W1 and NZ7 Investments in this round.

Lloyds Bank, a leading British financial institution, has announced a pioneering partnership with WaveBL, a prominent electronic trade documentation platform.

Connect Ventures led the round for the London-based startup with Graph Ventures and individual angel investors also participating.

India-based Sumeru Enterprise Tiger Business Solutions has reportedly closed a $900,000 funding round.

Societe Generale has purchased French banking-as-a-service platform Treezor as part of its ‘transform to grow’ strategy.

FintechOS, which builds automated financial technology software solutions, has raised €12.7m ($14m) in Series A funding.