Benjamin Capital Partners Secures Seed Round To Ignite Future Growth [Yahoo! Finance]
AT&T Inc. (T)
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Source: Yahoo! Finance
NEW YORK and OULU, Finland March 28, 2024 /PRNewswire/ -- Benjamin Capital Partners announced today the closing of a seed round, raising a total of $5.5 mil . from Play Ventures & F4 Fund. Other prominent investors in the round include inventor, investor, and serial entrepreneur Anton Gauffin ; tech CEO and 20-year payment veteran Shane Happach ; and Ilkka Teppo , founder of Reworks. The raise will serve to aggressively fuel growth for the Benjamin cash rewards app, which has generated robust consumer demand and revenue growth since its launch in October 2023 . Since coming out of beta in October, the Benjamin app already has over 300,000 installs and 195,000 monthly active users (MAUs). Many users are already earning over per month; some are over per month in earnings. Moreover, more than 50% of installs are staying as MAUs. Revenue growth has also been very strong, growing north of 40% month over month since October. The injection of funds will go towards aggressive user acquisit
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