Pollinate raised £60m in a RBS-led series A funding round.

Pollinate, the business behind Tyl by NatWest, a provider of a cloud-based platform that wraps around a bank’s legacy payment systems, raised £60m in a RBS-led series A funding round. Mastercard, Motive Partners and EFM Asset Management will join RBS as both investors in, and partners to, the Pollinate business. "Technology is making our everyday easier and more accessible. For small business owners, it's critical to separate the potential from the performance. That's why we're involved with Pollinate. Each of the partners brings its know-how, insights and technology to provide banks with real, tangible solutions that enables business owners to deliver the best customer experience," Ajay Banga, Mastercard President and CEO.