• FOUNDING YEAR: 2017
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    27 Dec, 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:
201-500
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:
$282.12 Millions
DATE OF LAST FUNDING:
Oct 2018
SEED & PRIOR FUNDING:
$120 K
SEED CLOSED ON:
Mar 2017
FUNDING SERIES:
SERIES A
$7 Millions Closed: Apr 2017
SERIES B
$50 Millions Closed: Jun 2018
SERIES C
$225 Millions Closed: Jun 2019
DEBT FUNDING:
$100 Million
LISTED:
NO

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