ZSuite Technologies, a Westwood, Mass.-based monetary expertise firm that powers monetary establishments with unbound digital accounts encompassing escrow, subaccounting, sub-ledgering, FBO and belief accounts for business clients, raised $11m in Collection A funding.
The spherical was led by S3 Ventures with participation from a number of non-public banks and JAM FINTOP.
The corporate intends to make use of the funds to speed up its skill to scale its platform, develop the group, develop into new markets and assist the growing demand for contemporary, digital business banking instruments and options.
Based in 2019 and led by Nathan Baumeister, CEO,, ZSuite Tech is a bank-born advocate for the technological and monetary development of banks, offering SaaS options as a value-add service. Its suite of all-digital product choices permits monetary establishments to extend low-cost, core deposits, enhance the shopper expertise and scale back inside prices with digital efficiencies.
The corporate presently companions with greater than 36 establishments throughout the US and helps roughly 41,000 escrow accounts. Moreover, it manages greater than $140 million in annual funds and $300 million in annual deposits on the platform.
FinSMEs
05/08/2022
