- Embedded finance firm Highnote is powering the brand new card program from SKUx.
- SKUx is a funds expertise and shopper engagement platform headquartered in Florida.
- San Francisco, California-based Highnote made its Finovate debut final Might at FinovateSpring 2022.
SKUx, a funds expertise 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 a press release that the partnership will assist the Florida-based firm proceed to innovate within the disbursements house.
Highnote’s card platform expertise 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 a part of SKUx’s flagship resolution, SKUPay, for product-based funds redeemed on the level of buy.
In a press release, 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 Tinsley additionally bemoaned the truth that a lot of those flows happen over “outdated and clunky” techniques. He added, “We’re obsessive about powering the very best experiences by offering funds on the pace of as we speak’s shopper – designing merchandise optimized for digital wallets, cellular 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 is predicated 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, exhibiting how the expertise allows organizations to make card issuance an embedded function of their resolution. The platform makes use of notifications and SDKs to empower developer groups to deliver card merchandise to market shortly. A no-code dashboard allows administration and help, in addition to offering product-wide visibility.
“The common shopper has change 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 pattern 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 buyers embrace Costanoa Ventures and Oak HC/FT.
Picture by SHVETS manufacturing
