Technology

Kapwork Debuts to Automate and Accelerate Invoice Factoring

Published

2 years ago

February 10, 2025

Agents-enabled platform verifies invoices through direct integration with leading vendor systems

LOS ALTOS, Calif., Feb. 10, 2025 /PRNewswire/ — Kapwork, the company increasing access to working capital, announced Kapwork Verify to help Factors deploy capital faster, minimize risk, and reduce operational costs. Verify’s Portal Agents automate invoice verification across thousands of vendor portals, saving valuable time and cutting operational costs by as much as 20%. With Kapwork, Factors can improve operating margins while unlocking more funding for millions of small businesses.

Factoring is the centuries-old practice of selling unpaid invoices to a third party that has remained largely unchanged and is hampered by back-office overhead and substantial risk. Invoice verification is a crucial aspect of factoring that has until now required tedious manual effort, risking costly errors and potential fraud. Kapwork combines automation, data-enrichment, and security to automate verification and deliver a new level of integrity and operational efficiency in the invoice-to-cash industry serving over $150B in assets under management according to Grandview Research.

Kapwork Verify makes it easy for Factors to scale their operations and speed up transactions. Portal Agents can be configured to retrieve all types of data from invoice to remittance details across 1000+ systems of record including Ariba and ISupplier. Records can run on demand or a specific schedule to ensure information is timely and accurate. Verify maintains secure access and control over vendor portals, authentication, and data visibility to safeguard sensitive information and meet compliance standards.

“Factors have helped businesses thrive by providing essential working capital, but today they’re held back by manual processes and unnecessary risks. We built Kapwork to give factors the technological edge they deserve – not disrupt their relationships with small businesses, but to strengthen them,” said Mauricio Vergara, CEO at Kapwork. “Our technology automates the most tedious parts of the process so factors can focus on what they do best: getting capital to businesses when they need it most.”

“Kapwork has transformed our daily work routine,” says Dean Rosenthal, CEO at TowerCap. “The invoice verification saves hours spent on manual checks, allowing us to focus on more important tasks.”

Kapwork was cofounded by Mauricio Vergara and Chief Technology Officer Pete Thomas, who both understand firsthand how long payment terms and slow cash flow threaten small businesses. Vergara brings deep expertise in both entrepreneurship and technical leadership – from founding and operating a successful small business to driving developer ecosystem growth at industry giants Google and Unity Technologies. Over years spent scaling global developer programs and supporting app developers, he saw how payment friction impacts businesses at every stage of growth. Thomas has spent decades pioneering the application of new technologies to the business world. As co-founder of financial services C2FO, a unicorn that has accelerated over $100 billion in payments for business, he developed a new digital path to delivering on-demand working capital and championed a more inclusive financial system.

Kapwork also announced the appointment of Zachary Kuney as Strategic Advisor. As a Managing Director at Google, Kuney brings decades of experience scaling multi-billion dollar business and building high-performing global teams across the ad tech and retail sectors.

“There’s a clear opportunity to radically improve how working capital flows to businesses,’ says Kuney. “Traditional processes in this space are manual, opaque, and expensive, and transformation is long overdue. Kapwork’s platform reduces backend costs for partners while adding much needed transparency to the ecosystem. I’m excited to help this talented team scale their operations and bring this solution to more customers.”

Kapwork Verify is available today, with a free tier offering Factors up to 600 free credits per month to verify invoices. Qualified factors can integrate with portals and automatically verify records after completing a simple registration process.

Visit www.Kapwork.com to learn more.

About Kapwork

Kapwork is building a more equitable future where every business can access working capital to grow. Their first product, Kapwork Verify, uses an automated, data-enriched platform to accelerate the invoice to cash process and help Factors more easily deploy capital to small businesses. Kapwork was founded in 2024 and is based in Los Altos, California. Learn more at Kapwork.com.

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SOURCE Kapwork

Technology

Club Offers for Travel Enthusiasts in Canada

Published

14 minutes ago

October 23, 2026

TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact:
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

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SOURCE Travelzoo

Technology

Howard Hughes Holdings Set to Join S&P SmallCap 600

Published

1 hour ago

October 23, 2026

NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

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SOURCE S&P Dow Jones Indices

Technology

Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

Published

2 hours ago

October 23, 2026

Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com

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