Highnote, a San Francisco, CA-based card issuance and program management company, raised $90M in Series B funding. The round was led by Adams Street Partners with participation from existing investors including Oak HC/FT, Costanoa, WestCap, and Pinegrove Venture Partners. The company intends to use the funds to serve demanding and use cases in embedded finance, from fast-growing vertical solution providers to enterprise brands and marketplaces and financial institutions. Led by CEO John MacIlwaine, Highnote is an embedded finance company whose integrated technology enables companies of all sizes to embed virtual and physical card payments, ledger, and wallet functionalities into their products. With the launch of its acquiring solution, it now supports full pay-in and pay-out functionality for customers on the same platform as issuing, leveraging a unified, core general ledger. With its embedded finance platform, enterprise customers and B2B platforms can manage all internal, vendor, and customer-facing financial transaction activity on a single, unified, reconciled payments platform.

Highnote Raises $90M Series B

Highnote, a San Francisco-based embedded finance company, secured $90 million in Series B funding led by Adams Street Partners, with participation from Oak HC/FT, Costanoa, WestCap, and Pinegrove Venture Partners. The funding will support Highnote's growth in embedded finance solutions.