• Raised investment capital for a new North American electrification hub through seven global financial institutions—marking its first overseas Green Loan
• Successfully procured long-term financing (10 years) at a favorable rate
• The acquired funds will be deployed to establish new BSA and PE system factories

SEOUL, South Korea, Nov. 8, 2023 — Hyundai Mobis’ (KRX: 012330) strategy for expanding its global footprint in the electrification business is progressing smoothly. Following its successful funding for a battery cell joint venture factory in Indonesia last year, the company has now efficiently secured funds for electrification investments in North America, bolstering the momentum of its core business in future mobility.

Hyundai Mobis recently announced on 8th that it has secured an investment of 940 million dollars to establish a new electrification hub in North America, liaising with seven international financial institutions. Despite challenging conditions, such as the tightening of major national currencies and rising market interest rates, the company successfully achieved a low interest, long-term financing (with a maturity of 10 years) driven by the promising growth potential of the global electrification market. A credit guarantee from the Korea Trade Insurance Corporation, an export credit agency, further facilitated this.

This funding endeavor has been particularly notable as Hyundai Mobis’ first overseas Green Loan. While Hyundai Mobis issued green bonds domestically in 2021 to advance eco-friendly projects, this marks the first occasion they have utilized the Green Loan method for environmentally-friendly business investments abroad. Green Loans refer to funding methods for eco-friendly businesses, such as electric vehicles and renewable energy. In an era where global financial institutions emphasize ESG, securing funds through Green Loans can offer favorable interest conditions and elevate a company’s eco-friendly image.

Previously, in October of last year, Hyundai Mobis announced its plans to invest 1.3 billion dollars from this year through 2030 to establish new production hubs for electrification in North America. The plan includes building new Battery System Assembly (BSA) and PE System factories in four locations, including Alabama and Georgia, to respond to the growing global electrification market proactively. With this funding, it is anticipated that the electrification projects in North America will progress as planned.

Currently, Hyundai Mobis operates electrification production hubs in nine locations globally (six domestic and three overseas) and is establishing six new electrification production hubs in South Korea, North America, and Indonesia. Hyundai Mobis remains committed to enhancing its competitiveness in the electrification business through a strategy of selectivity and focus as it transitions into a future mobility technology specialist. The company plans to secure mid- to long-term growth engines in the relevant fields continually. 

About Hyundai Mobis

Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company’s products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automotive electronics. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China and India. For more information, please visit the website at http://www.mobis.co.kr/

Media Contact 
Jihyun Han: [email protected]
Myong Sun Song: [email protected]

SOURCE Hyundai Mobis

PALM BEACH GARDENS, Fla., Nov. 8, 2023 — Forward Therapeutics, Inc., a biopharmaceutical company developing next-generation small molecule therapies for chronic immunological and inflammatory disorders, today announced a $50 million Series A financing. The financing was led by BVF Partners LP with participation from other leading life sciences investors RA Capital Management and OrbiMed.

Proceeds from the Series A financing will enable Forward to advance its portfolio of novel, small molecule immunology medicines towards clinical development. Forward Therapeutics is the first company to partner with Curie.Bio, a new model for venture capital in biotech focused on helping founders launch therapeutics companies.

“This Series A financing round is a significant milestone for Forward Therapeutics,” said Toufike Kanouni, chief executive officer of Forward Therapeutics. “We are grateful to be supported by leading life sciences investors who recognize the potential of our novel therapies to impact the lives of millions of people living with chronic immunological and inflammatory conditions. We would also like to thank the Curie.Bio team for their support which helped create an efficient operational model and accelerate our pipeline.”

“Our programs target key immunology nodes, aiming to reduce inflammation, promote healing and restore quality of life,” said Ewan Taylor, chief scientific officer of Forward Therapeutics. “Our goal is to expand global patient access to high quality medicines. We appreciate our investors support to help achieve our vision.”

About Forward Therapeutics
Forward Therapeutics is a biopharmaceutical company dedicated to transforming the treatment of chronic inflammatory disorders. The company is advancing a pipeline of novel, next-generation small molecule immune therapies. To learn more, please visit www.forward-tx.com and follow us on LinkedIn.

Media Contact:
1AB
Dan Budwick
[email protected]

SOURCE Forward Therapeutics

Vikings solar-plus-storage project financing driven by Arevon’s innovative approach to combine the Inflation Reduction Act’s tax credit transferability provisions with debt in a $529 million financing package

NEW YORK and SCOTTSDALE, Ariz., Nov. 8, 2023 — Arevon Energy, Inc. today announced it has closed financing on the Vikings solar-plus-storage project with a combination of debt financing and tax credit transfer. Arevon secured a commitment with J.P. Morgan to purchase $191 million of investment tax credits and production tax credits, among the nation’s first transactions announced to date that leverage the Inflation Reduction Act’s transferability provision. The additional $338 million debt facility was financed with MUFG, BNP Paribas, Sumitomo Mitsui Banking Corporation, and First Citizens Bank, who acted as Coordinating Lead Arrangers. National Bank of Canada also participated as a lender.

“Vikings has been a landmark project from its inception. It is one of the nation’s first solar peaker plants, and today it is one of the first utility-scale solar-plus-storage ITC and PTC transferability transactions to close since the Inflation Reduction Act passed in August 2022,” stated Kevin Smith, Arevon’s CEO. “Vikings is an important project in our portfolio, representing Arevon’s ongoing commitment to powering the clean energy transition with renewable energy while using energy storage to enable solar to meet peak electricity demand and increase grid resilience.”

Located in Imperial County, California, the Vikings power plant features a unique configuration of 157 MW_DC of solar coupled with 150 MW/600 MWh of battery energy storage. Vikings is contracted to provide resource adequacy and renewable energy to San Diego Community Power, helping to support grid reliability beginning in 2024. 

The project showcases key U.S. manufacturers, with PV module supply from Tempe, Arizona-based First Solar (NASDAQ: FSLR), along with solar trackers from Nextracker (NASDAQ: NXT), whose headquarters are in Fremont, California. Tesla (NASDAQ: TSLA) is supplying the facility’s utility-scale batteries, which allow the solar energy generated to be directed to the grid during peak demand, powering up to 50,000 homes. Construction of the facility is well underway, with commercial operations scheduled for the third quarter of 2024. San Diego-headquartered SOLV Energy is performing the construction activities.

The IRA’s transferability tax credit provision allows for the simple transfer of tax credits from project owners to profitable taxpayers, according to the EPA’s Green Power Markets Summary. In June of 2023, the U.S. Treasury released guidance on the tax credit transferability mechanisms established by last year’s IRA. This highly anticipated announcement provided proposed regulations for credit transfers under Section 6418.

“ITC and PTC tax credit transferability is a major step forward for the energy transition, post-IRA, and we are excited to be able to leverage it on the Vikings financing structure,” said Daniel Murphy, Arevon’s Director of Project Finance. “This solar peaking project concept is a key strategy for Arevon, and we are grateful to our financing parties for their support on this groundbreaking financing using tax credit transferability.”

Stoel Rives represented Arevon as legal counsel; Milbank LLP served as transfer counsel; and Winston & Strawn LLP served as lender counsel.

About Arevon
Arevon Energy, Inc. is a leading renewable energy company, supplying clean energy to utilities and corporations across North America. Headquartered in Scottsdale, Arizona, and New York City, Arevon uses innovative approaches and leading-edge technology to develop, build, finance, own, and operate clean energy projects. Its financial prowess and industry expertise come together to improve the structure and performance of its platform of solar and energy storage power plants. Arevon was named one of Arizona’s Top Workplaces in 2022 and 2023. For more information, please visit: www.arevonenergy.com.

SOURCE Arevon

THOUSAND OAKS, Calif., Nov. 7, 2023 — Concept Matrix Solutions, Inc. (“CMS”) or the (“Company”), a privately held vertically integrated biotechnology company dedicated to developing and manufacturing innovative delivery forms in both pharmaceutical and nutraceutical spaces today announced that it has closed a private investment with Impact Biotech, LLC (“Impact”) for the purchase of 8.74% of post money equity. The gross proceeds of the private investment were $1.2 million. Impact Biotech will have an advisory seat on the board of Concept Matrix Solutions, Inc.

Since its formation in 2013, CMS has been an industry leader in developing novel therapeutic dose forms with complex molecules that span the health & wellness industry. CMS intends to use the proceeds from the financing to promote aggressive growth in its IP portfolio and increase research and development capabilities, including the support of its patents that are in various stages of development programs. To support these initiatives, CMS plans to procure innovative lab equipment, hire key personnel, apply for DEA licenses, and for working capital and general corporate expenses.

Tony LaRosa, CEO of Concept Matrix Solutions, commented, “This strategic investment from Impact Biotech supports the advancement of our intellectual property portfolio by giving us the ability to strengthen the development of our novel platform technologies, CMS TECH^™, and to optimize our tech-transfer capabilities.”

CMS’s innovative and hands-on approach to their technology platforms gives them a strategic market advantage in maximizing efficacy, consumer compliance and product safety. David Reid, COO of Concept Matrix Solutions, Commented, “With this contribution of capital resources, we are excited to broaden the scope of our research and development opportunities, while having the ability to conduct more in-depth analysis of our intellectual properties, leading to success through regulatory and operational phases”. 

Jeff McGuire, co-managing member of Impact Biotech commented, “We are pleased to make this strategic investment in Concept Matrix Solutions in support of expanding their intellectual properties. We believe in the company’s vision and look forward to helping them achieve their goals, as well as generating meaningful value for our investors.”

SOURCE CONCEPT MATRIX SOLUTIONS

Gollapudi, who led several SpaceX Dragon missions, and Spiegel, who led multiple teams supporting high-profile projects across the board at the space industry giant, came together upon recognizing the dangerous room for human error of current telemetry tools. From satellites to submersibles, small miscalculations can equate to costly disasters.

Keenly observing this problem, along with recognizing that transportation systems are racing toward autonomy, Gollapudi and Spiegel observed how many companies were running into preventable failures due to a lack of transparency into their machine performance. Machine performance data has remained confusing and ambivalent throughout hardware development, manufacturing and operations for even the most seasoned engineers. Knowing this was a solvable problem, Gollapudi and Spiegel developed Sift’s proprietary, end-to-end telemetry stack to serve as a digital backbone to the physical world.

Advanced hardware plays a critical role in mission success across industries — from transportation, to energy, to space and defense, and beyond. As the earth’s orbit fills with satellites, transportation systems race toward autonomy, and energy scientists reimagine our climate future — many processes are required to create and run the complex machines shaping our collective future.

Designed for the rigors of space, Sift’s end-to-end stack allows forward-thinking engineering teams to scale their data infrastructure, easily review data, and automate operations – as the company’s name implies, engineers can now sift through their data to invent new machines and scale easily. Similar to the sieve prospectors once used when panning for gold, Sift’s stack allows engineers to easily locate and interpret the data they’re searching for without complication.

The Sift stack is already used by innovative operating teams in aerospace, aviation, defense, energy and transportation. Regarding Sift, Ben Stabler, co-founder of the autonomous train company Parallel Systems, says, “Our engineering team uses Sift daily to understand test data from our vehicles and iterate on our designs. Sift helps us build a safer, more flexible freight transportation system.”

“We saw so many of our friends leaving SpaceX to build the machines of tomorrow, but they were struggling with the tools available today,” said Gollapudi. “We’re very excited to equip our community of hardware innovators with the tools they need to build the future.”

Sift is backed by leading hardware investor, Riot Ventures, and enterprise SaaS expert Fika Ventures, also investors in First Resonance, Datum, and Duro.

With offices in Los Angeles, Gollapudi and Spiegel have assembled a team who worked on mission critical tools at SpaceX before augmenting it with experts from tech sector giants like Google, Palantir, Uber, Amazon, Bird and LeoLabs. Each founder independently forged groundbreaking advances while leading critical missions at SpaceX, and they plan to replicate that formula for success within Sift and their clients.

About the Founders:
Karthik Gollapudi is a second generation software developer with deep roots in the SpaceX community. As a former Dragon engineer, he led mission-over-mission operations, including simulation, test, and certification. He achieved several advancements in human spaceflight, including joint simulations with NASA, before founding his telemetry-based start-up, Sift, in 2023.

Austin Spiegel is a seasoned software engineer who started his career at SpaceX, where he was a lead responsible for the telemetry system for Starlink’s satellite constellation and innovative manufacturing systems. From building groundbreaking applications to managing diverse engineering teams, his contributions spanned multiple divisions, culminating in the foundation of his telemetry-focused start-up, Sift, in 2023.

SOURCE Sift

Singapore-based and MAS-licensed blockchain solutions provider Chintai receives bridge financing led by B1

SINGAPORE, Nov. 7, 2023 — Chintai, a Singapore based SaaS company that modernizes capital markets infrastructure with blockchain technology, announced today that tech-focused investment firm B1 has led its most recent financing round to propel company growth as it launches its core regulated platform. This news comes after Chintai recently launched three pilot projects at an industry event in Singapore, which demonstrated the advantages of tokenization for carbon credits and commercial real estate in Southeast Asia.

Chintai is an end-to-end blockchain platform with two regulatory licenses from the Monetary Authority of Singapore and can be white labeled by financial institutions to create regulated digital assets, including bonds, real estate, funds, carbon credits and more. The company says that it supports multiple asset classes within a regulated blockchain network that is built to capitalize on an estimated $16tn market cap by 2030¹.

David Packham, Chintai founder and CEO said, “B1 has supported us every step of the way to build a unique and powerful technology stack for regulated real world digital assets. We are excited to see our vision come to life and see clients using the technology to innovate. Our clients can now create disruptive business opportunities with our technology, increase operational efficiency, and new avenues of fundraising.”

About Chintai:
Chintai is a leading one-stop solution for modernizing capital markets. Regulated and licensed by the Monetary Authority of Singapore, the Chintai platform uses blockchain technology to enable traditional finance and innovative companies to harness the power of digital assets. Gain access to a robust automated compliance engine powered by Chintai’s proprietary Sentinel-AI technology with an end-to-end white labeling solution. The product suite includes all features and functionalities to streamline business operations and create a competitive advantage for enterprises. This includes dynamic security token issuance, high-performance secondary trading and automated compliance infrastructure for regulated digital assets. The strategic aim is to bridge the gap between businesses and compliant blockchain technology with a Blockchain Platform-as-a-Service (BPaaS) model.

chintai.io – Leading businesses into the regulated digital assets frontier

¹ Source: https://web-assets.bcg.com/1e/a2/5b5f2b7e42dfad2cb3113a291222/on-chain-asset-tokenization.pdf

Media Contact
Ryan Bethem
[email protected]

SOURCE Chintai

Fund will fuel innovation, strategic partnerships and generate returns by investing in enterprise AI-focused startups

Fund demonstrates IBM’s continued commitment to the effective and responsible deployment of AI

ARMONK, N.Y., Nov. 7, 2023 — IBM (NYSE: IBM) today announced that it is launching a $500 million venture fund to invest in a range of AI companies – from early-stage to hyper-growth startups – focused on accelerating generative AI technology and research for the enterprise.

With a differentiated model and strategy consisting of domain expertise from across IBM and a dedicated portfolio development team, the IBM Enterprise AI Venture Fund will invest in current and future AI leaders that are helping businesses around the world realize the potential of AI for business. Led by a dedicated team at IBM with decades of combined experience as highly successful investors and enterprise AI experts, the fund will provide each startup with opportunities to develop meaningful partnerships with IBM, while gaining operational expertise on product and engineering and go-to-market strategies.

IBM has a long history of bringing proven enterprise AI technology and capabilities to organizations around the world and is capitalizing on the latest wave of AI innovation in generative AI with watsonx, the company’s AI and data platform. With the IBM Enterprise AI Venture Fund, the company will grow its ecosystem of AI partnerships – including working with companies leveraging and building on watsonx – and create long-term value for AI leaders as well as new and existing clients.

“AI is slated to unlock nearly $16 trillion in productivity by 2030. With the launch of the IBM Enterprise AI Venture Fund, we’re opening another channel to harness the enormous potential of the AI revolution into tangible, positive outcomes for IBM and the companies we invest in,” said Rob Thomas, Senior Vice President, Software and Chief Commercial Officer, IBM. “This fund is yet another way we’re doubling down on our commitment to responsible AI innovation through watsonx and helping organizations put this transformational technology to work.”

A Differentiated Approach to AI Investing

IBM has demonstrated its commitment to promoting AI for business through its recent investments in AI technology and companies. For example, IBM announced in August that it is participating in the $235M Series D funding round of Hugging Face, the leading open-source collaboration platform for the machine learning community building the future of AI. IBM has contributed hundreds of open models and datasets on Hugging Face, including the recent release of the Geospatial Foundation Model in partnership with NASA. It is the largest geospatial foundation model on Hugging Face and the first-ever open-source AI foundation model built in collaboration with NASA.

Hugging Face co-founder and CEO, Clem Delangue said: “We’ve been thrilled to collaborate with IBM in democratizing AI. With hundreds of open models on the Hugging Face hub, they are significantly boosting the open-source ecosystem. This is the reason why we wanted to have them join our series D round. I am convinced that they’ll be able to accelerate their impact on AI with the IBM Enterprise AI Venture Fund.”

IBM also recently participated in HiddenLayer’s Series A funding to expand its talent base, increase go-to-market efforts, and further invest in its award-winning Machine Learning Security (MLSec) Platform. HiddenLayer is the leading security provider for AI models and assets, and this funding round marks the largest Series A funding raised by a cybersecurity company focused on protecting AI this year.

Chris Sestito, CEO and Co-founder of HiddenLayer said: “IBM’s commitment to progressing secure and responsible AI, access to global clients, and the scale of one of the most innovative companies in the world has made them the perfect partner to support us in driving the next stage of our business growth. Our partnership will help us bring our AI threat detection capabilities to the most cutting-edge companies in the world.”

Today’s news builds on the momentum and market adoption of IBM’s watsonx and furthers the company’s strategy of leveraging both third-party and its own AI models to accelerate open innovation in AI. In September, IBM announced the general availability of the first models in the watsonx Granite model series — a collection of generative AI models to advance the infusion of generative AI into business applications and workflows. IBM also confirmed that the standard contractual intellectual property protections for IBM products will apply to IBM-developed watsonx AI models. Earlier this year, IBM also announced plans to host Meta’s Llama 2-chat 70 billion parameter model within watsonx, furthering the company’s strategy of leveraging both third-party and its own AI models to maintain open innovation.

IBM is the sole investor of the Enterprise AI Venture Fund. Visit https://www.ibm.com/ventures for more information.

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs, and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity, and service.

Media Contact:

Timothy Davidson
IBM
[email protected]

SOURCE IBM

VANCOUVER, BC, Nov. 7, 2023 — Lucent Bio, an innovative agricultural technology company, is excited to announce over $3.6 Million will be provided by PacifiCan through the Business Scale-up and Productivity program, earmarked to expedite the development of Nutreos, their innovative seed treatment technology. Nutreos is a biodegradable and micro-plastic free seed coating designed to promote strong germination, vigour, and crop establishment, supporting the transition of traditional agriculture inputs to sustainable alternatives.

The secured funding will play a vital role in advancing Nutreos:

Research and Development: This investment allocates resources to enhance the formulation and effectiveness of Nutroes as it transitions from a lab concept to a field-ready product. This investment ensures that Nutreos remains at the forefront of environmentally friendly seed treatment solutions for all producers.

Market Expansion: Lucent Bio will utilize the funding to expand its market presence, making this eco-conscious seed treatment accessible to farmers globally. The expansion efforts aim to empower more farmers with a sustainable and effective method for promoting crop establishment and vitality.

Environmentally Responsible Production: A portion of the funding will be directed towards ensuring Nutreos’s production processes align with environmental sustainability standards. From sourcing raw materials to manufacturing, Lucent Bio will uphold eco-friendly practices, contributing to a cleaner agricultural industry.

This announcement follows the grand opening of Lucent Bio’s Soileos micronutrient fertilizer plant in Rosetown, Saskatchewan, earlier this month, reaffirming Lucent Bio’s mission to help decarbonize agriculture and bring novel, non-polluting, sustainable and climate-positive fertilizers to the market.

“The agritech sector in B.C. is growing and leading the way when it comes to innovation in areas such as food processing and soil/crop technology. PacifiCan is committed to working with innovative agritech businesses that are poised for growth – like Lucent Bio. This funding will support Lucent Bio as they increase their marketing capacity and optimize their manufacturing processes, creating quality jobs and helping propel B.C.’s economy forward.”
– The Honourable Harjit S. Sajjan, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada (PacifiCan).

“The Business Scale-up and Productivity program is a game-changer for Lucent Bio, enabling us to scale up and commercialize our groundbreaking, environmentally-friendly seed coating products. With the construction of a new manufacturing plant in BC, we’re not only creating exciting new jobs in the emerging field of agritech but also taking a significant step towards reducing carbon emissions in agriculture. This initiative will enhance food security and climate resilience, making a lasting positive impact on our community and beyond. We’re thrilled to be part of this visionary endeavour that aligns perfectly with our mission to pioneer sustainable agriculture solutions.”- Michael Riedijk, CEO and Founder Lucent BioSciences.

For further details on our sustainable agricultural solutions and recent funding news, visit our website or reach out to our media relations team at [email protected]. Join us in advancing environmentally responsible agriculture.

About Lucent Bio

Lucent Bio is a thought leader in the sustainable agriculture industry. Our commitment to pioneering innovation has led to the development of patented solutions that prioritize environmental sustainability and profitability. Our newly patented non-water soluble fertilizers are poised to redefine the future of sustainable agriculture practices. For more information, please visit www.Lucentbio.com.

About PacifiCan
PacifiCan is the federal economic development agency dedicated to British Columbians. PacifiCan works with partners who are building innovative businesses, creating quality jobs, and supporting inclusive growth throughout British Columbia.

For media inquiries, please contact:
Devon Simpson
778-837-1299
[email protected] 

SOURCE Lucent BioSciences

Latest round brings total outside investment in cloud payments fintech to $116 million

NEW YORK, Nov. 7, 2023 — Volante Technologies, the global leader in cloud payments modernization, today announced that it has secured $66 million in debt and equity financing in an investment round led by Sixth Street Growth, the technology growth investing arm of Sixth Street, with participation from Wavecrest Growth Partners and Wells Fargo Strategic Capital.

This latest round follows earlier funding milestones, including repeat participation from Wavecrest and Wells Fargo Strategic Capital and investment from BNY Mellon, Citi, Poste Italiane, and Visa Ventures, bringing the total outside investment in the company to $116 million.

Nari Ansari, Managing Director at Sixth Street Growth, said, “Volante provides the fastest on-ramp to payments innovation for financial businesses seeking to modernize legacy systems, and Volante’s Payments as a Service and underlying low-code payments platform offers a compelling value proposition.”

Ansari continued, “With financial institutions increasingly prioritizing both investment in payments modernization and partnerships with fintech companies, this is an ideal time to expand Volante’s reach. We are investing in Volante because we are confident they have a clear advantage over legacy providers and challengers and are best positioned to capitalize on the growth opportunity and further outpace their competitors.”

Vaibhav Nalwaya, Managing Partner, Wavecrest Growth Partners, added, “We led Volante’s first-ever growth capital funding round in 2020. Since then, the company has steadily built on its early momentum, as evidenced by taking the top spot in IBS Intelligence’s annual Wholesale Payments League Table for an unprecedented three years. We are pleased to have participated in this latest financing round and look forward to supporting them through their next growth phase.”

Vijay Oddiraju, CEO, Volante Technologies, commented, “We welcome Sixth Street Growth and its deep expertise supporting the growth of payments and fintech businesses to Volante. This latest investment will further accelerate our product roadmap for our customers, particularly in global real-time payments, UK New Payments Architecture (NPA), and domestic and cross-border ISO 20022 modernization.”

Oddiraju continued, “It will also allow us to expand the reach of our Payments as a Service offering further into the mid-tier bank segment, especially in the U.S. and Europe where FedNow^™ Instant Payments, The Clearing House RTP^®, and SEPA Instant Payments, respectively, are driving the adoption of modern payments technology.”

Volante and Sixth Street Growth executives will participate in a fireside chat in the coming weeks. For more details, follow us on LinkedIn.

About Volante Technologies
Volante Technologies is the trusted cloud payments modernization partner to financial businesses worldwide, giving them the freedom to evolve and innovate at record speed. Volante’s Payments as a Service and underlying low-code platform process millions of mission-critical transactions and trillions in value daily, so customers can focus on growing their business, not managing their technology. Real-time ready, API enabled, and ISO 20022 fluent, Volante’s solutions power four of the top five global corporate banks, two of the world’s largest card networks, and 66 percent of U.S. commercial deposits.  Learn more at volantetech.com and linkedin.com/company/volante-technologies.   

About Sixth Street Growth
Sixth Street Growth makes investments in mid- and late-stage technology companies. The Sixth Street Growth team partners with founders and management teams to provide differentiated capital solutions to accelerate organic and inorganic growth. Sixth Street Growth is the dedicated growth investing platform of Sixth Street, a leading global investment firm with over $74 billion in assets under management and committed capital. Sixth Street has invested over $9 billion in more than 70 companies through its Growth franchise since inception. Select Sixth Street Growth investments include Airbnb, AvidXchange, Bloomreach, Contentsquare, Datavant, Gainsight, Kaseya, Keyfactor, MasterControl, MDLIVE, Spotify, and Sprinklr. For more information, visit www.sixthstreetgrowth.com, and follow Sixth Street on LinkedIn.

SOURCE Volante Technologies, Inc.