The right software stack is crucial to any growing and innovative company’s success. But while global software spend is expected to grow to $879B in 2023, pressure for greater capital efficiency is making it harder for many businesses to finance software spend on their own. That is why today, Highnote is thrilled to announce its partnership with Gynger, a software and infrastructure financing platform that helps businesses buy the tools they need to grow.
Together, we are launching an innovative solution that transforms the way businesses acquire and finance essential software tools. The Gynger Virtual Card makes software financing as easy, flexible, and efficient as possible by providing the simplicity of a credit card payment with flexible payback terms. The new capability not only creates a convenient new payment avenue for Gynger customers but also gives them access to Highnote’s highly secure, modern infrastructure that has redefined the standard of card platform management.
As Mark Ghermezian, CEO of Gynger puts it, “We have been growing fast, and so have the diverse payment preferences of our customers. That’s why we’re thrilled to partner with Highnote, who has demonstrated a similar speed at which they can get things done. With virtually issued cards, our customers can now navigate their software and infrastructure acquisitions with greater choice, unlocking a universe of possibilities to fuel their most innovative ideas.”
While the technology for the cards is created by Highnote, the white-labeled product integrates seamlessly with the overall Gynger experience. The benefits of the technology include:
- Versatile Payment Options: The card offers the flexibility to pay for software expenses via virtual card or ACH, while repaying charges at a pace that suits the business. This versatility empowers businesses to manage their cash flow effectively.
- Streamlined Financial Operations: The integrated platform caters to both startups and larger companies, providing unparalleled control over software expenses. Businesses can seamlessly manage, monitor, and optimize expenditure, saving valuable time and resources through Highnote’s state-of-the-art advanced ledger.
Our own CEO, John MacIlwaine, has this to say about the partnership, “We are thrilled to join forces with Gynger to address the growing challenges companies face in accessing the necessary capital for software investments. Our modern APIs, coupled with Gynger's pioneering financing approach, create a powerful synergy that will undoubtedly reshape the landscape of software procurement.”
In a business environment where software fuels progress, the partnership between Highnote and Gynger unveils a new chapter in software acquisition and financing. By merging cutting-edge technology, flexible payment choices, and streamlined financial operations, this collaboration empowers businesses to thrive in a dynamic marketplace.
If you’d like to see how we can do the same for your company, get in touch here.
Highnote issuing statement: This card is issued by Community Federal Savings Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc