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IndustryUpdate

By combining travel and financial data, the partners aim founders to retain ownership of their businesses.
to deliver a more personalized traveler experience while
giving finance and travel managers better insights, stron- TSG, Stripe aim to help software
ger governance and more efficient expense reconciliation firms grow payments revenue
across the business travel lifecycle.
TSG (The Strawhecker Group) formed a strategic partner-
MassPay expands global reach ship with Stripe to help platforms, software providers
through two partnerships and their investors use payments to drive growth and
improve business performance. The companies said they
MassPay announced two partnerships aimed at expand- will combine data, strategy and execution to help orga-
ing its global payout platform and accelerating business nizations strengthen payment monetization, streamline
growth. Through a collaboration with Finexio, the com- compliance and onboarding, improve customer activa-
pany will provide embedded cross-border payment capa- tion, increase payment attachment rates and enhance
bilities for accounts payable customers, enabling vendor margins.
payments in more than 180 countries and 80 currencies
directly from existing AP workflows. MassPay said its The partnership will place particular emphasis on SaaS
infrastructure handles payment routing, verification and platforms and independent software vendors, with the
local payment rails, with general availability expected in goal of aligning payments strategy with broader business
late summer. objectives. TSG said the collaboration builds on its bench-
marking and market intelligence capabilities to help cli-
Separately, MassPay revealed it built a scalable demand- ents maximize the value of their businesses.
generation program using ZoomInfo's sales and market-
ing intelligence platform. The company said the initiative ACQUISITIONS
has improved engagement by targeting buyers before
sales outreach begins and is providing market intelligence
as it expands into new customer segments and markets. Circle acquires IBM blockchain patent portfolio
Newland, Futurex partner on remote key injection Circle Internet Group acquired key assets from IBM's
blockchain patent portfolio, adding more than 680 pat-
Newland Payment Technology partnered with Futurex to ent families and nearly 1,000 issued patents worldwide.
provide a hosted remote key injection service for payment The portfolio covers blockchain technology, banking,
terminals across the United States and Canada. The ser- financial services, enterprise infrastructure, supply chain
vice enables cryptographic keys to be securely delivered verification and secure cloud operations.
to terminals after deployment, eliminating the need to
inject keys before shipment and helping reduce deploy- Circle said the acquisition makes it the largest holder of
ment time and costs. blockchain patents in the United States and strengthens
the intellectual property supporting its USDC stablecoin,
The offering supports processors, ISOs, ISVs, merchants Circle Payments Network and other onchain financial
and distributors and complements Newland's Android products. Circle and IBM said they also plan to explore
SmartPOS terminals, PayExplorer payment application additional commercial opportunities related to the port-
and terminal management platform. The companies said folio.
the partnership strengthens payment security while sim-
plifying large-scale terminal deployment and manage- Engine acquires Options Travel
ment. for modern corporate travel

Onramp, Margus Capital partner Engine acquired corporate travel management company
to expand ecommerce funding Options Travel as part of its effort to modernize technol-
ogy for travel management companies (TMCs). Options
Onramp Funds partnered with Margus Capital to expand Travel will continue operating under its own brand and
working capital financing for small and midsize ecom- leadership, with all employees joining Engine. The acqui-
merce businesses. Under the agreement, Margus will sition supports development of Engine's AI-native online
provide a recurring source of capital that Onramp will booking platform, which combines booking, payments,
deploy through its existing financing products. reporting, customer management and duty-of-care capa-
bilities in a single system.
The companies said the partnership will enable larger
advances, faster funding decisions, loan terms of up to The companies said the platform is designed to stream-
18 months and broader eligibility for online merchants line agent workflows, reduce booking times and improve
selling through platforms such as Amazon, Shopify and travel management through automation, personalization
Walmart. Onramp said the additional funding capac- and real-time insights while preserving the high-touch
ity will help merchants better manage inventory, sea- service TMCs provide.
sonal demand and multi-channel growth while allowing