KeyBank Takes Equity Stake in Payment Cycle Firm BillTrust

Cleveland-based KeyBank announced a partnership with cloud-based payment cycle management firm BillTrust, with KeyBank taking an equity stake in the firm, the companies said yesterday in a statement.

Terms of KeyBank’s equity investment were not disclosed.

This is the latest in a series of fintech partnerships for KeyBank, according to the company, and will allow the bank to better serve its corporate clients with more innovative solutions.

BillTrust’s Quantum Payment Cycle Solution, which uses automation to enhance cash flow, will power KeyBank’s recently-launched KeyTotal AR platform. The platform allows KeyBank clients to have a faster, more efficient “invoice-to-cash” process, according to company statements.

Read more at: Crain’s Cleveland Business, Bankless Times, and Benzinga.