Citi and LuminArx Capital today announced the launch of Cinergy, a strategic financing vehicle in the rapidly growing private lending market. 

Launched by LuminArx Capital, Cinergy will offer a broad range of private credit solutions to companies, including Citi’s global client base. It will invest across multiple asset classes, including asset-backed credit (commercial, consumer and residential) and corporate debt across the capital structure.  

Scaling the use of virtual cards to bring faster payments and reconciliation to healthcare providers and insurance companies 

Fragmented, slow, and inefficient payment processes have long been a challenge within the healthcare ecosystem. Just as a patient may be frustrated by cumbersome insurance claims, healthcare providers experience their own set of holdups when dealing with claim approvals and payouts. 

Barclays has relaunched its Cambridge Eagle Lab with a renewed focus on helping high-growth climate tech startups connect, grow, and scale. The site has undergone a significant retrofit, to reduce its carbon emissions by 90 percent compared to 2018.

Finshape, a leading fintech solutions provider, is excited to announce a strategic collaboration with Arab National Bank (anb), a major bank and a pioneer in innovation in Saudi Arabia. This collaboration aims to deliver customized banking experiences that cater to the unique needs of their customers.

Global Fintech leader Broadridge Financial Solutions, Inc. is pleased to announce the appointment of Chad Alderson as General Manager, Global Technology & Operations (GTO), Canada.

Pinwheel partners with Jack Henry, a leading financial technology company, which gives their customers a fast path to implementation for the industry's top-performing Direct Deposit Switching solution. This collaboration is set to revolutionize the digital direct deposit setup experience for accountholders at community and regional financial institutions.

LHV Pank has launched a Savings Account solution that makes saving up even more convenient and flexible. LHV will pay 2% interest on the funds deposited into the Savings Account, and funds from the account can be withdrawn at any time.

Armed with the capabilities of machine learning (ML), financial institutions and finance executives have long been turning unstructured information into insights that promote better decision-making and help them understand many key elements of the business. Without these insights, financial institutions are less efficient in several ways, such as being unable to make fast and accurate decisions on whether to approve a loan or invest in particular assets.

Vertice, the world's only integrated SaaS and cloud spend management platform, has today announced a $25 million Series B following a year of lightning-fast revenue growth. The company has now raised $51 million since January 2022, upping its valuation into the hundreds of millions. Vertice will use the capital to further fuel its pace of product innovation and accelerate its worldwide expansion.