Jump to content

Highnote (platform): Difference between revisions

From IdeaWazaWiki

Idea (talk | contribs)

3 user groups
502 edits
←Created page with '{{Short description|American embedded finance and payments platform}} {{Infobox company | name = Highnote Platform, Inc. | type = Private | industry = Financial technology | founded = {{start date and age|2020}} in San Francisco, California, United States | founders = John MacIlwaine <br /> Kin Kee | hq_location_city = San Francisco | hq_locatio...'
 
No edit summary
 
(7 intermediate revisions by 4 users not shown)
Line 1: Line 1:
{{Short description|American embedded finance and payments platform}}
'''Highnote Platform, Inc.''' is an American [[financial technology]] company that develops cloud-based payments infrastructure for card issuing, embedded finance, and payment acquiring.<ref name="auto4">{{Cite web |title=Highnote Platform Inc - Company Profile and News |url=https://www.bloomberg.com/profile/company/1922417D:US |website=[[Bloomberg News|Bloomberg]]}}</ref><ref name="auto3">{{Cite web |last=Pugh |first=Alex |date=September 29, 2021 |title=Payments fintech Highnote emerges from stealth with $54m funding |url=https://www.fintechfutures.com/m-a/payments-fintech-highnote-emerges-from-stealth-with-54m-funding |website=FinTech Futures}}</ref> The company is based in [[San Francisco]], [[California]].<ref>{{Cite web |title=Highnote |url=https://www.forbes.com/companies/highnote/ |website=[[Forbes]]}}</ref><ref name="auto2">{{Cite web |title=About |url=https://highnote.com/about |website=Highnote}}</ref>
 
{{Infobox company
| name                = Highnote Platform, Inc.
| type                = [[Private company|Private]]
| industry            = [[Financial technology]]
| founded              = {{start date and age|2020}} in [[San Francisco]], [[California]], [[United States]]
| founders            = John MacIlwaine <br /> Kin Kee
| hq_location_city    = [[San Francisco]]
| hq_location_country  = [[United States]]
| area_served          = Worldwide
| key_people          = John MacIlwaine (CEO)
| products            = Highnote platform
| services            = Card issuing<br />Payment acquiring<br />Credit program management<br />Money movement infrastructure
| website              = {{URL|highnote.com}}
}}
 
'''Highnote Platform, Inc.''' is an American [[financial technology]] company that develops cloud-based payments infrastructure for card issuing, embedded finance, and payment acquiring.<ref>{{Cite web |title=Highnote Platform Inc - Company Profile and News |url=https://www.bloomberg.com/profile/company/1922417D:US |website=[[Bloomberg News|Bloomberg]]}}</ref><ref>{{Cite web |last=Pugh |first=Alex |date=September 29, 2021 |title=Payments fintech Highnote emerges from stealth with $54m funding |url=https://www.fintechfutures.com/m-a/payments-fintech-highnote-emerges-from-stealth-with-54m-funding |website=[[FinTech Futures]]}}</ref> The company is based in [[San Francisco]], [[California]].<ref>{{Cite web |title=Highnote |url=https://www.forbes.com/companies/highnote/ |website=[[Forbes]]}}</ref><ref>{{Cite web |title=About |url=https://highnote.com/about |website=Highnote}}</ref>


==History==
==History==
Highnote was founded in 2020 in San Francisco by John MacIlwaine and Kin Kee, both former executives at [[Braintree (company)|Braintree]].<ref>{{Cite web |last=Pugh |first=Alex |date=September 29, 2021 |title=Payments fintech Highnote emerges from stealth with $54m funding |url=https://www.fintechfutures.com/m-a/payments-fintech-highnote-emerges-from-stealth-with-54m-funding |website=[[FinTech Futures]]}}</ref><ref>{{Cite web |title=About |url=https://highnote.com/about |website=Highnote}}</ref> The company emerged from stealth in 2021 with $54 million in combined seed and [[Series A]] funding from investors including Oak HC/FT, Costanoa Ventures, WestCap, XYZ Venture Capital, and SVB Capital.<ref>{{Cite web |last=Pugh |first=Alex |date=September 29, 2021 |title=Payments fintech Highnote emerges from stealth with $54m funding |url=https://www.fintechfutures.com/m-a/payments-fintech-highnote-emerges-from-stealth-with-54m-funding |website=FinTech Futures}}</ref>
Highnote was founded in 2020 in San Francisco by John MacIlwaine and Kin Kee, both former executives at [[Braintree (company)|Braintree]].<ref name="auto3"/><ref name="auto2"/> The company emerged from stealth in 2021 with $54 million in combined seed and [[Series A]] funding from investors including Oak HC/FT, Costanoa Ventures, WestCap, XYZ Venture Capital, and SVB Capital.<ref>{{Cite web |last=Pugh |first=Alex |date=September 29, 2021 |title=Payments fintech Highnote emerges from stealth with $54m funding |url=https://www.fintechfutures.com/m-a/payments-fintech-highnote-emerges-from-stealth-with-54m-funding |website=FinTech Futures}}</ref>


In 2023, Highnote expanded its payments platform to support consumer credit card programs, adding credit-related capabilities such as underwriting, repayment, and loan servicing tools.<ref>{{Cite web |title=Fintech Highnote Expands Payment Platform to Support Consumer Credit Programs |url=https://www.crowdfundinsider.com/2023/10/214807-fintech-highnote-expands-payment-platform-to-support-consumer-credit-programs/ |website=Crowdfund Insider}}</ref> In 2024, ''[[Forbes]]'' included Highnote on its annual Fintech 50 list.<ref>{{Cite web |title=The Future Of Wall Street And Enterprise: Fintech 50 2024 |url=https://www.forbes.com/sites/hanktucker/2024/02/13/the-future-of-wall-street-and-enterprise-fintech-50-2024/ |website=[[Forbes]]}}</ref> A year later, in January 2025, Highnote raised $90 million in [[Series B]] funding led by Adams Street Partners and launched a merchant acquiring product, bringing its total disclosed funding to about $145 million.<ref>{{Cite web |date=January 21, 2025 |title=Highnote raises $90M for expansion |url=https://www.paymentsdive.com/news/highnote-embedded-payments-card-issuing-acquiring-capital-expansion/738325/ |website=[[Payments Dive]]}}</ref><ref>{{Cite web |date=January 22, 2025 |title=Highnote secures $90m Series B to expand into U.S. merchant acquiring |url=https://fintech.global/2025/01/22/highnote-secures-90m-series-b-to-expand-into-u-s-merchant-acquiring/ |website=FinTech Global}}</ref>
In 2023, Highnote expanded its payments platform to support consumer credit card programs, adding credit-related capabilities such as underwriting, repayment, and loan servicing tools.<ref>{{Cite web |title=Fintech Highnote Expands Payment Platform to Support Consumer Credit Programs |url=https://www.crowdfundinsider.com/2023/10/214807-fintech-highnote-expands-payment-platform-to-support-consumer-credit-programs/ |website=Crowdfund Insider}}</ref> In 2024, ''[[Forbes]]'' included Highnote on its annual Fintech 50 list.<ref>{{Cite web |title=The Future Of Wall Street And Enterprise: Fintech 50 2024 |url=https://www.forbes.com/sites/hanktucker/2024/02/13/the-future-of-wall-street-and-enterprise-fintech-50-2024/ |website=[[Forbes]]}}</ref> A year later, in January 2025, Highnote raised $90 million in [[Series B]] funding led by Adams Street Partners and launched a merchant acquiring product, bringing its total disclosed funding to about $145 million.<ref name="auto">{{Cite web |date=January 21, 2025 |title=Highnote raises $90M for expansion |url=https://www.paymentsdive.com/news/highnote-embedded-payments-card-issuing-acquiring-capital-expansion/738325/ |website=[[Payments Dive]]}}</ref><ref>{{Cite web |date=January 22, 2025 |title=Highnote secures $90m Series B to expand into U.S. merchant acquiring |url=https://fintech.global/2025/01/22/highnote-secures-90m-series-b-to-expand-into-u-s-merchant-acquiring/ |website=FinTech Global}}</ref>


In 2025 and 2026, Highnote appeared on the ''Forbes'' Fintech 50 list.<ref>{{Cite web |title=The Future Of Payments: Fintech 50 2025 |url=https://www.forbes.com/sites/martinacastellanos/2025/02/18/the-future-of-payments-fintech-50-2025/ |website=[[Forbes]]}}</ref><ref>{{Cite web |title=Forbes 2026 Fintech 50 |url=https://www.forbes.com/lists/fintech50/ |website=[[Forbes]]}}</ref>
In 2025 and 2026, Highnote appeared on the ''Forbes'' Fintech 50 list.<ref>{{Cite web |title=The Future Of Payments: Fintech 50 2025 |url=https://www.forbes.com/sites/martinacastellanos/2025/02/18/the-future-of-payments-fintech-50-2025/ |website=[[Forbes]]}}</ref><ref>{{Cite web |title=Forbes 2026 Fintech 50 |url=https://www.forbes.com/lists/fintech50/ |website=[[Forbes]]}}</ref>


==Platform==
==Platform==
Highnote's platform is designed for businesses that issue cards, move funds, and embed payment capabilities into their products.<ref>{{Cite web |title=Highnote Platform Inc - Company Profile and News |url=https://www.bloomberg.com/profile/company/1922417D:US |website=[[Bloomberg News|Bloomberg]]}}</ref><ref>{{Cite web |title=Highnote |url=https://highnote.com/ |website=Highnote}}</ref> It initially focused on card issuing and program management, and later expanded into payment acquiring, consumer credit, and broader money movement tools.<ref>{{Cite web |last=Pugh |first=Alex |date=September 29, 2021 |title=Payments fintech Highnote emerges from stealth with $54m funding |url=https://www.fintechfutures.com/m-a/payments-fintech-highnote-emerges-from-stealth-with-54m-funding |website=[[FinTech Futures]]}}</ref><ref>{{Cite web |date=January 21, 2025 |title=Highnote raises $90M for expansion |url=https://www.paymentsdive.com/news/highnote-embedded-payments-card-issuing-acquiring-capital-expansion/738325/ |website=[[Payments Dive]]}}</ref>
Highnote's platform is designed for businesses that issue cards, move funds, and embed payment capabilities into their products.<ref name="auto4"/><ref name="auto1">{{Cite web |title=Highnote |url=https://highnote.com/ |website=Highnote}}</ref> It initially focused on card issuing and program management, and later expanded into payment acquiring, consumer credit, and broader money movement tools.<ref name="auto3"/><ref name="auto"/>


The platform is a unified, API-driven system that combines card issuing, ledgering, credit features, and acquiring functions for enterprise customers and business-to-business platforms.<ref>{{Cite web |date=January 21, 2025 |title=Highnote raises $90M for expansion |url=https://www.paymentsdive.com/news/highnote-embedded-payments-card-issuing-acquiring-capital-expansion/738325/ |website=[[Payments Dive]]}}</ref><ref>{{Cite web |title=Highnote |url=https://highnote.com/ |website=Highnote}}</ref> Its offerings have been used in products such as small-business credit cards, payroll cards, and fleet payment programs.<ref>{{Cite web |date=February 10, 2022 |title=Mastercard teams with fintechs on small business card |url=https://www.paymentsdive.com/news/mastercard-teams-with-fintechs-on-small-business-card/618549/ |website=[[Payments Dive]]}}</ref><ref>{{Cite web |title=Ferry and BJ's Restaurants launch payroll card powered by Highnote |url=https://thepaypers.com/payments/news/ferry-and-bjs-restaurants-launch-payroll-card-powered-by-highnote |website=The Paypers}}</ref><ref>{{Cite web |title=Highnote receives certification as a Visa card issuer processor |url=https://thepaypers.com/payments/news/highnote-receives-certification-as-a-visa-card-issuer-processor |website=The Paypers}}</ref>
The platform is a unified, API-driven system that combines card issuing, ledgering, credit features, and acquiring functions for enterprise customers and business-to-business platforms.<ref name="auto"/><ref name="auto1"/> Its offerings have been used in products such as small-business credit cards, payroll cards, and fleet payment programs.<ref>{{Cite web |date=February 10, 2022 |title=Mastercard teams with fintechs on small business card |url=https://www.paymentsdive.com/news/mastercard-teams-with-fintechs-on-small-business-card/618549/ |website=[[Payments Dive]]}}</ref><ref>{{Cite web |title=Ferry and BJ's Restaurants launch payroll card powered by Highnote |url=https://thepaypers.com/payments/news/ferry-and-bjs-restaurants-launch-payroll-card-powered-by-highnote |website=The Paypers}}</ref><ref>{{Cite web |title=Highnote receives certification as a Visa card issuer processor |url=https://thepaypers.com/payments/news/highnote-receives-certification-as-a-visa-card-issuer-processor |website=The Paypers}}</ref>


==References==
==References==

Latest revision as of 04:48, 1 October 2026

Highnote Platform, Inc. is an American financial technology company that develops cloud-based payments infrastructure for card issuing, embedded finance, and payment acquiring.[1][2] The company is based in San Francisco, California.[3][4]

History

Highnote was founded in 2020 in San Francisco by John MacIlwaine and Kin Kee, both former executives at Braintree.[2][4] The company emerged from stealth in 2021 with $54 million in combined seed and Series A funding from investors including Oak HC/FT, Costanoa Ventures, WestCap, XYZ Venture Capital, and SVB Capital.[5]

In 2023, Highnote expanded its payments platform to support consumer credit card programs, adding credit-related capabilities such as underwriting, repayment, and loan servicing tools.[6] In 2024, Forbes included Highnote on its annual Fintech 50 list.[7] A year later, in January 2025, Highnote raised $90 million in Series B funding led by Adams Street Partners and launched a merchant acquiring product, bringing its total disclosed funding to about $145 million.[8][9]

In 2025 and 2026, Highnote appeared on the Forbes Fintech 50 list.[10][11]

Platform

Highnote's platform is designed for businesses that issue cards, move funds, and embed payment capabilities into their products.[1][12] It initially focused on card issuing and program management, and later expanded into payment acquiring, consumer credit, and broader money movement tools.[2][8]

The platform is a unified, API-driven system that combines card issuing, ledgering, credit features, and acquiring functions for enterprise customers and business-to-business platforms.[8][12] Its offerings have been used in products such as small-business credit cards, payroll cards, and fleet payment programs.[13][14][15]

References

  1. ↑ 1.0 1.1 "Highnote Platform Inc - Company Profile and News". https://www.bloomberg.com/profile/company/1922417D:US. 
  2. ↑ 2.0 2.1 2.2 Pugh, Alex (September 29, 2021). "Payments fintech Highnote emerges from stealth with $54m funding". https://www.fintechfutures.com/m-a/payments-fintech-highnote-emerges-from-stealth-with-54m-funding. 
  3. ↑ "Highnote". https://www.forbes.com/companies/highnote/. 
  4. ↑ 4.0 4.1 "About". https://highnote.com/about. 
  5. ↑ Pugh, Alex (September 29, 2021). "Payments fintech Highnote emerges from stealth with $54m funding". https://www.fintechfutures.com/m-a/payments-fintech-highnote-emerges-from-stealth-with-54m-funding. 
  6. ↑ "Fintech Highnote Expands Payment Platform to Support Consumer Credit Programs". https://www.crowdfundinsider.com/2023/10/214807-fintech-highnote-expands-payment-platform-to-support-consumer-credit-programs/. 
  7. ↑ "The Future Of Wall Street And Enterprise: Fintech 50 2024". https://www.forbes.com/sites/hanktucker/2024/02/13/the-future-of-wall-street-and-enterprise-fintech-50-2024/. 
  8. ↑ 8.0 8.1 8.2 "Highnote raises $90M for expansion". January 21, 2025. https://www.paymentsdive.com/news/highnote-embedded-payments-card-issuing-acquiring-capital-expansion/738325/. 
  9. ↑ "Highnote secures $90m Series B to expand into U.S. merchant acquiring". January 22, 2025. https://fintech.global/2025/01/22/highnote-secures-90m-series-b-to-expand-into-u-s-merchant-acquiring/. 
  10. ↑ "The Future Of Payments: Fintech 50 2025". https://www.forbes.com/sites/martinacastellanos/2025/02/18/the-future-of-payments-fintech-50-2025/. 
  11. ↑ "Forbes 2026 Fintech 50". https://www.forbes.com/lists/fintech50/. 
  12. ↑ 12.0 12.1 "Highnote". https://highnote.com/. 
  13. ↑ "Mastercard teams with fintechs on small business card". February 10, 2022. https://www.paymentsdive.com/news/mastercard-teams-with-fintechs-on-small-business-card/618549/. 
  14. ↑ "Ferry and BJ's Restaurants launch payroll card powered by Highnote". https://thepaypers.com/payments/news/ferry-and-bjs-restaurants-launch-payroll-card-powered-by-highnote. 
  15. ↑ "Highnote receives certification as a Visa card issuer processor". https://thepaypers.com/payments/news/highnote-receives-certification-as-a-visa-card-issuer-processor. 
Retrieved from "https://ideawaza.com/index.php?title=Highnote_(platform)&oldid=78369"