Contour: Digital Platform Xalts Acquires Contour Network

Accel and Citi Ventures-backed Fintech Xalts, which financial institutions and businesses use to build and manage digital finance applications, this week announced its acquisition of Contour Network, owned by a consortium of global banks, to accelerate digitization in trade and supply chain finance. Contour started in 2017 as a pilot by eight global banks, including HSBC, Standard Chartered, and BNP, with a focus on digitizing trade. Currently, more than 20 banks and 100-plus global businesses like