Coast Secures $35 Million to Expand Financial Platform for Physical Economy
What's happening
New York-based fintech Coast raised $35 million in a growth equity round to expand its payments and expense management platform for physical economy businesses, bringing the companys total funding to just under $226 million. The round was led by Thomvest Ventures and included new investors Intuit Ventures, Small World Capital, and Alpha Square Group, along with existing backers such as ICONIQ. Coast says the product targets trade and service businesses and aims to improve tracking of what workers do with company credit cards.
Why it's trending
Investors led by Thomvest are doubling down now on tools that digitize payments and expense tracking for frontline, physical-economy businesses.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If you run a trades or service business, Coast just made it easier to stop losing money to company card misuse, and $35 million just landed behind that bet.
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Original sources4
- Coast Raises $35 Million to Serve Trade and Service Businesses
Business financial management platform Coast raised $35 million in new growth equity funding this week. The investment brings the company’s total funding to just under $226 million. The round was led by Thomvest Ventures, with participation from new investors Intuit Ventures, Small World Capital, and Alpha Square Group, as well as existing investors including ICONIQ Read more... The post Coa
FinovateOct 23 - US fintech Coast secures $35m for physical economy payments platform
New York-based startup Coast has raised $35m for the launch of a payment platform designed to support companies working in the physical economy.
FinextraOct 23 - Coast Secures $35 Million to Expand Financial Platform for Physical Economy
Financial technology firm Coast announced in a Thursday (Oct. 22) press release that it has raised $35 million in a new growth equity funding round to expand its payment and expense management platform built for physical economy businesses. Thomvest Ventures led the growth round. New investors Intuit Ventures, Small World Capital and Alpha Square Group […] The post Coast Secures $35 Million
PYMNTSOct 22 - Fintech startup Coast raises $35 million to better track what workers do with company credit cardsFortuneOct 22
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