Highnote

Highnote

Issuer processor platform for card issuance

About Highnote

Simplify's Rating
Why Highnote is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Fintech

Financial Services

Company Size

1-10

Company Stage

Series B

Total Funding

$90M

Headquarters

Austin, Texas

Founded

2020

Overview

Highnote operates in the card issuance industry by providing an issuer processor platform that simplifies the card issuance process for businesses. The platform offers various services, including transaction data management, identity verification, fund tracking, and transaction control. It is designed to be flexible and customizable, allowing businesses to create card products that fit their specific brand and needs. Highnote's clients include financial institutions and retail businesses that require card issuance services, and the platform is particularly useful for those looking to quickly launch card products. Highnote supports rapid development and integration through tools like a GraphQL API, Notifications, and SDKs. The company follows a B2B model, charging businesses for access to its platform, and aims to streamline and expedite the card issuance process while enabling customization.

📈
Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Partnership with Feedzai enhances fraud prevention and regulatory compliance.
  • $90 million Series B funding supports expansion and innovation in embedded finance.
  • Collaboration with Splitit expands BNPL solutions, attracting customers seeking flexible payments.

What critics are saying

  • Visa's tokenization capabilities could attract customers away from Highnote's platform.
  • AtoB's partnership with Mastercard challenges Highnote in the fleet card segment.
  • Expansion into U.S. merchant acquiring faces competition from established players like Stripe.

What makes Highnote unique

  • Highnote offers a modern card platform with embedded finance experiences.
  • The platform supports virtual and physical card issuance, enhancing customer engagement.
  • Highnote's API-based acquiring platform integrates with major payment networks for streamlined access.

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Funding

Total Funding

$90M

Above

Industry Average

Funded Over

1 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$90M
Highnote
$100M
ClickUp

Benefits

Unlimited PTO

Health, dental, & vision coverage

401k

Paid parental leave

Equity

Company News

PR Newswire
Apr 1st, 2025
Ai-Native Fraud Prevention Company, Feedzai, Partners With Highnote To Secure Acquiring Business Line

NEW YORK, April 1, 2025 /PRNewswire/ -- Feedzai , the world's first end-to-end financial crime prevention platform, today announced a partnership with Highnote , an innovative fintech leader, to support the launch of Highnote's new acquiring business line. By leveraging Feedzai's AI-native, real-time fraud prevention and merchant monitoring platform, Highnote was able to swiftly bring its acquiring solution to market while meeting stringent regulatory requirements.FeedzaiHighnote's acquiring business enables enterprises to seamlessly and securely process transactions by integrating comprehensive fraud detection with robust merchant monitoring capabilities. To achieve this, Highnote tapped into Feedzai's agile platform, gaining access to real-time data insights. The partnership also streamlines Highnote's vendor footprint, consolidating pre- and post-authorization processes under one system.Key Benefits of the Partnership:Real-Time Fraud Detection: Feedzai's AI platform provides continuous monitoring to preempt and help prevent fraudulent activities.Feedzai's AI platform provides continuous monitoring to preempt and help prevent fraudulent activities. Merchant Monitoring: Comprehensive oversight ensures compliance, protecting merchants and customers alike.Comprehensive oversight ensures compliance, protecting merchants and customers alike. Regulatory Compliance: Feedzai's robust solutions support Highnote in adhering to regulatory requirements.Feedzai's robust solutions support Highnote in adhering to regulatory requirements

PYMNTS
Mar 13th, 2025
Visa To Add Tokenization And Digital Wallet Capabilities To Fleet Cards

Visa will soon add tokenization and custom provisioning for mobile transactions to its Fleet cards, enabling issuers and FinTechs to integrate encrypted and tokenized card information into Apple Pay mobile wallets. With this capability, issuers and FinTechs will be able to provide a seamless and secure experience for commercial fleet drivers and fleet managers, Gloria Colgan, global head of products, Visa Commercial Solutions, wrote in an article posted Thursday (March 13) on LinkedIn. These enhancements will allow fleet data tags to be provided during the token provisioning process so that they and the token payment data can be passed to the point of sale, and will enable digital credentials to be pushed into mobile wallets, card-on-file merchants and Click to Pay to reduce the time to market, according to the article

PYMNTS
Mar 10th, 2025
Splitit Brings Bnpl To Digital Wallets Via Highnote Partnership

Installment payment solution Splitit has teamed with card issuance provider Highnote. The partnership, announced Monday (March 10), will employ Highnote’s technology to make Splitit’s buy now, pay later (BNPL) offering via digital wallets available at the point of sale for the first time. “With this new partnership, Highnote’s tokenized virtual cards are leveraged to pay merchants and create real-time functionality so that Splitit can offer the consumer a new way to choose payments over time,” the companies said in a news release

Intelligence360
Feb 6th, 2025
Highnote Secures $90 Million Series B, Announces Expansion Into U.S. Merchant Acquiring

Highnote’s unified payments platform offers unique capabilities for next generation issuing and acquiring customersJanuary 21, 2025 12:15 PM Eastern Standard TimeSAN FRANCISCO–(BUSINESS WIRE)–Highnote, a leader in modern card issuance and program management, announced the closing of $90 million in Series B funding and the launch of its acquiring solution. The funding was led by Adams Street Partners with participation from existing investors including Oak HC/FT, Costanoa, WestCap, and Pinegrove Venture Partners.“Highnote’s transformational platform and impressive growth trajectory motivated us to lead this funding round,” said Robin Murray, Partner at Adams Street Partners. “We are excited to support the company’s vision to lead innovation in embedded finance.”With the launch of its acquiring solution, Highnote now supports full pay-in and pay-out functionality for customers on the same platform as issuing, leveraging a unified, core general ledger, and resulting in unmatched cost and time-saving benefits. With Highnote’s modern 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.The API-based acquiring platform allows companies to accept card payments online via plug-in checkout software or custom features they design. Built by the team who developed Braintree, Highnote’s acquiring platform is directly integrated to the major payment networks – creating streamlined data access, transparency, and better economics for customers. With certification by all major US card brands, Highnote’s expansion into acquiring positions the company as a unique solution for SMBs and enterprises looking for a holistic approach to embedded payments.“We are excited to partner with Adams Street in our next phase of growth and about our entrance into the acquiring space, which accelerates the expansion of our world-class embedded finance and issuing platform,” said John MacIlwaine, CEO of Highnote

Business Wire
Jan 22nd, 2025
Highnote Secures $90 Million Series B, Announces Expansion into U.S. Merchant Acquiring

Highnote, a leader in modern card issuance and program management, announced the closing of $90 million in Series B funding and the launch of its acqu

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