Latitude raises $35M for payments infrastructure
Latitude raised a $35M Series A to expand its fintech infrastructure platform.
Fintech infrastructure continues to attract capital as startups rebuild the systems behind payments and financial operations.
What happened
Latitude raised a $35M Series A, led by Oak HC/FT, to expand its payments-focused platform. The financing gives the company more capital to scale product development and customer growth.
Why it matters
Payments businesses often rely on multiple fragmented providers for routing, reconciliation, compliance and financial operations. Infrastructure startups that can simplify those workflows can become deeply embedded in customers' financial stacks.
The bigger picture
The strongest fintech funding is increasingly moving away from consumer apps and toward infrastructure businesses that sit underneath merchants, platforms and financial institutions. These companies can be less visible to consumers but much harder to replace once integrated.