Raistone today announced it has entered a new supply chain finance partnership with Quartix to provide out-of-the-box digital cash flow opportunities to mid-market companies that have long been deprived adequate innovative funding solutions from banks and legacy financial institutions.

Partnership leverages virtual card payments to advance embedded finance experience and speed up working capital disbursements for businesses, with no enrolment fees for women- and minority-owned business enterprises (WMBEs).

Raistone announced that it has secured a growth funding round led by Amerant Bancorp Inc. The investment comes amid triple-digit percentage growth at Raistone as the company helps inject much-needed cash to the global supply chain.