• FOUNDING YEAR: 2017
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    22 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
The company offers cards for startups and e-commerce companies which come with advanced fraud protection, automatic monthly payments, and worldwide acceptance facilities. These virtual cards are provided within instant signup and the users can also choose an option of physical cards which are delivered within 3-5 business days. It also provides an expense management dashboard through which companies can add cardholders and set individual limits based on business needs and can also be integrated with major accounting software such as QuickBooks and Xero.
REVENUE MODEL:
Viewable by subscribers only
EXISTING PARTNERSHIPS:
The company has integrations with QuickBooks®, Xero™, NetSuite®, and Expensify®.

PEOPLE

FOUNDERS:
Henrique Dubugras, Pedro Franceschi
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Greenoaks, DST Global, IVP, Y Combinator, Ribbit Capital, One Way Ventures, EXOR, Peter Thiel, Max Levchin, Yuri Milner, and Саrl Pаsсаrellа.

TRACTION

VALUATION / MARKET CAP:
$2.6 Billions in 2019
VALUATION COMMENT
The company has a valuation of $2.6 billion

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$182 Million
DATE OF LAST FUNDING:
Oct 2018
FUNDING SERIES:
SERIES A
$7 Millions Closed: Apr 2017
SERIES B
$50 Millions Closed: Jun 2018
SERIES C
$125 Million Closed: Oct 2018
PRIZE MONEY:
$120 K
LISTED:
NO

LATEST RESEARCH