The Mastercard and NatWest-backed banking software provider pushed its total funding past $90m with an investment by National Australia Bank.

Financial services firm National Australia Bank has supplied an amount likely to be approximately $13m in funding for UK-based payment processing tool developer Pollinate.

Founded in 2017, Pollinate has created technology that enables banks to more effectively provide services such as invoicing, bookkeeping and payment processing for small and medium-sized businesses.

Pollinate plans to strike agreements with one bank for each regional market to distribute its software on an exclusive basis. Clients can also use the app to set up…

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