Somerset Trust Company Replaces Legacy Solutions with Alogent’s Enterprise Capture Software Suites

Alogent (@AlogentCorp), a global software leader in end-to-end payment processing, content and information management, digital banking and loan origination solutions, announced today that Somerset Trust Company has expanded its footprint to include document and check processing with its enterprise capture software solutions. Somerset Trust, a full-service community bank with assets over $1.2 billion, will replace its legacy systems with Alogent’s FASTdocs suite of content and information management (ECM / EIM), and its ImagePoint suite for...

Upgrade Pack Flies Past £5m Seed Funding for Travel Upgrade Platform

UK fintech scaleup Upgrade Pack has surpassed £5m in seed funding after finalizing a new £1.5m private investment round today UK fintech scaleup Upgrade Pack, the first app globally to provide exclusive, discounted flight and hotel upgrades, has surpassed £5m in seed funding after finalizing a new £1.5m private investment round today. The new finance raises swiftly follows the expansion of the organization into APAC in August last year and will fuel further business growth...

Axle Receives $1.4 Million in Pre-Seed Funding

Trucks Venture Capital, Plug and Play Ventures, 37 Angels, Fontinalis Partners, and Techstars Invest $1.4M in next-generation carrier payments platform Axle, the financial partner for the modern freight broker, today announces that it has received $1.4 million in pre-seed funding led by Trucks Venture Capital. Axle modernizes factoring, an alternative option to lending, which gives small businesses the cash flow needed to pitch, win and service competitive contracts. The round will help grow the Axle...

Brex Hires Google Executive Paul-Henri Ferrand as Chief Operating Officer

Brex, the financial technology company that helps ambitious companies scale, today announced the hire of Paul-Henri (PH) Ferrand as COO, to lead Brex’s go-to-market function through the company’s next phase of growth and expansion. Ferrand joins Brex from Google, where he was President, Global Customer Operations for Google Cloud. “PH is a crucial hire for our team as we continue to scale. He brings the unique combination of experience with rapid scaling and growth while...

PayPal Completes Acquisition of Honey

PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has completed its acquisition of Honey Science Corporation for approximately $4 billion in cash. This transaction will transform the shopping experience for PayPal’s consumers while increasing sales and customer engagement for its merchants. Payments Platform “We’re thrilled to complete this transformative transaction and to welcome the Honey team to the PayPal family,” said Dan Schulman, president and CEO of PayPal. “The addition of Honey to our...

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