Element Fleet Management

Financial Management, Investment Management

PRnewswire | July 19, 2023

MODIFI, the global cross-border business payments company, has secured a $100 million debt facility with HSBC Innovation Banking UK to further growth. The partnership with HSBC Innovation Banking is a key component of MODIFI's refinancing strategy, aimed at diversifying its funding sources with world-class capital providers. This comes on the heels of a $75 million debt facility MODIFI recently closed with another leading global financial institution. Nelson Holzn...

Financial Management

Avalara | August 09, 2022

Avalara, Inc., a leading provider of tax compliance automation for businesses of all sizes, today announced it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, in partnership with institutional co-investors. Under the terms of the agreement, Vista will acquire all outstanding shares of Avalara common stock for $...

Payments, Fintech

Businesswire | April 21, 2023

Lockstep, the connected accounting network, today announced that Lockstep Self-Service now allows companies to accept payments online from their customers using Stripe or PayPal or the merchant processor of their choice. Combined with Lockstep Inbox, Lockstep Self-Service – the latest application in the Lockstep Suite – is a free solution that allows users’ companies to manage their AR and AP workflows in one place. “A major pain point for B2B companies i...

Core Banking, Financial Management

Businesswire | June 08, 2023

Momnt, a financial technology company that powers real-time lending and payment solutions for businesses at the point of need, is excited to announce the launch of a partnership with Cross River Bank (“Cross River”), a leading financial services and technology infrastructure provider that offers embedded financial solutions. Merchants on the Momnt platform are now able to further expand their loan offering capabilities to reach more consumers. Embedded finance is glo...