ZSuite Tech Raises $11M in Series A Funding

ZSuite Tech, a Westwood, MA-based monetary expertise firm, raised $11M in Series A funding.

The spherical was led by Independent Community Bankers of America (ICBA) and Financial institutionTech Ventures.

The firm intends to make use of the funds to accelerates development, advance product improvement as they scale to satisfy demand for its unbound digital platform for business escrow, and subaccounting features.

ZSuite Tech is a monetary expertise firm that goals to energy monetary establishments with digital escrow merchandise for particular business verticals that they’ll supply to their shoppers. Its merchandise, ZRent and ZEscrow, streamline assortment of recurring funds and automate the administration and compliance round multi-use escrow and subaccounting processes.

Currently greater than 40 banks nationwide use the corporate’s digital instruments for business banking. ZSuite’s digital platform now helps roughly 41,000 accounts.



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