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Embedded finance firm Highnote is powering the brand new card program from SKUx.
SKUx is a funds know-how and shopper engagement platform headquartered in Florida.
San Francisco, California-based Highnote made its Finovate debut final Might at FinovateSpring 2022.
SKUx, a funds know-how and shopper engagement platform, has launched a brand new card program. The corporate has teamed up with embedded finance firm Highnote to energy the brand new providing. SKUx famous in an announcement that the partnership will assist the Florida-based firm proceed to innovate within the disbursements house.
Highnote’s card platform know-how allows a variety of options from SKUx. Amongst these merchandise are SKUx Buyer Care and Restoration, which streamlines the product recall course of, and SKUx Disaster Disbursements, which streamlines emergency funds to people. These new options be part of SKUx’s flagship answer, SKUPay, for product-based funds redeemed on the level of buy.
In an announcement, SKUx co-founder and President Bobby Tinsley highlighted the “magnitude of cash” that strikes between retailers and clients. Tinsley additionally bemoaned the truth that a lot of those flows happen over “outdated and clunky” programs. He added, “We’re obsessive about powering the most effective experiences by offering funds on the pace of right now’s shopper – designing merchandise optimized for digital wallets, cell funds, and QR codes. Our partnership with Highnote allows us to proceed this imaginative and prescient at each the standard and repair our shoppers demand.”
Based in 2021, Highnote relies in San Francisco, California. The corporate made its Finovate debut at FinovateSpring final yr. On the convention, Highnote demoed its GraphQL API-based card issuance platform, displaying how the know-how allows organizations to make card issuance an embedded characteristic of their answer. The platform makes use of notifications and SDKs to empower developer groups to carry card merchandise to market rapidly. A no-code dashboard allows administration and assist, in addition to offering product-wide visibility.
“The typical shopper has turn into extra digitally savvy, and their expectations round ease of use and prompt entry to funds have risen,” Highnote CEO John MacIlwaine stated. “SKUx has tapped into this development by offering extra elegant and trendy options to shopper wants, and we couldn’t be extra proud to be their enabler in driving this digital transformation.”
Highnote has raised greater than $104 million in funding. The corporate’s traders embody Costanoa Ventures and Oak HC/FT.
Photograph by SHVETS manufacturing
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