Wise Raises $5.7M to Embed Banking in Modern Business Ecosystems
American Express Company (AXP)
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Source: PR Web
SAN MATEO, Calif. (PRWEB) April 29, 2020 Wise, a FinTech startup that offers banking and payments services to modern businesses, announced today that it has raised $5.7M in a seed round led by Base10 Partners' Rexhi Dollaku. Abstract Ventures, Backend Capital, The Fund, Two Culture Capital, and notable angels such as Michael Vaughan, Jonathan Weiner, Lawrence Chu, Inaki Berenguer and others also participated in the round. "Modern businesses are increasingly digital, but their banking experience is still frustratingly physical," said Arjun Thyagarajan, Co-Founder and CEO of Wise. "Businesses that bank with Wise get access to their hard earned cash faster, in a delightful, modern banking experience that's designed for them - all without ever stepping foot in a bank branch."Pushkar Phatak, owner of e-bikes store Watt Wagons that is built on Shopify, commented, "Wise has changed how I run my business. With Wise, I can access my business' cash faster, and it's integrated entirely into my
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