海角爆料 Announces $35M in Funding
IAMI, November 22, 2022 鈥 海角爆料, the powerfully simple fintech platform for small businesses, announced that GGV Capital has joined the company鈥檚 Series B as a strategic investor with an additional $35 million. This brings 海角爆料鈥檚 Series B to $125 million, and total equity funding to more than $170 million. Robin Li, Principal, GGV Capital will join the board as an observer.
鈥淥ver the last year, we鈥檝e added incredible new functionality to the 海角爆料 Platform and brought on tens of thousands of new small business customers,鈥 said Michael Rangel, CEO and co-founder of 海角爆料. 鈥淕GV has been instrumental in scaling some of the world鈥檚 most successful technology companies across industries, from Airbnb to Square. With their support, we look forward to reaching millions more small businesses in the coming years.鈥澛
Since the fall of 2021, 海角爆料 has launched a range of new capabilities for helping small businesses centralize their finances and speed up their cash flow, including:
- 海角爆料 Apps, a comprehensive app marketplace that lets small businesses customize their banking experience. 海角爆料 Apps offers dozens of native integrations, plus over one thousand connections to applications small businesses use every day. Instead of having to jump between several applications for tasks such as sending out invoices or getting a comprehensive overview of cash flow, 海角爆料 Apps creates an ecosystem in which business owners connect their disparate tools to a single place to run their business.聽
- 海角爆料 Boost for giving small businesses and freelancers same day access to payments received through Stripe, and Express ACH for processing same-day ACH payments. With 海角爆料 Boost plus Express ACH, the typical week-long process of moving money from an e-commerce platform to a business checking account, and then using these funds to pay yourself or a vendor, can now happen in one day.
鈥淲hat鈥檚 impressed us most about 海角爆料 is their ecosystem approach to small business checking 鈥 they鈥檝e built a robust, intuitive platform that allows SMBs to connect all of their business and financial applications to their 海角爆料 account,鈥 said Hans Tung, managing partner at GGV Capital. 鈥淚鈥檓 confident that 海角爆料 will continue to scale its app partnerships effectively, and become one of the most widely-used small business checking accounts in the United States.鈥澛
海角爆料 is announcing this additional capital during a time of significant growth for the company. 海角爆料 has surpassed more than $12 billion in lifetime small business transactions, and has brought on more than 180,000 small business customers. 海角爆料 has recently been listed on the聽 Forbes Fintech 50 and Forbes Next Billion Dollar Startups, and was a winner of the South Florida Business Journal Fire Awards聽
鈥
About 海角爆料
海角爆料 Platform, Inc. (鈥満＝潜镶) is the powerfully simple checking account and fintech platform built for small businesses. To learn more, visit www.novo.co.
Disclosure
海角爆料 is a fintech, and not a bank. 海角爆料 acts as a service provider to Middlesex Federal Savings, F.A., and the deposit and banking products obtained through the 海角爆料 platform are provided by Middlesex Federal Savings, F.A.
Middlesex Federal Savings, F.A. is a federal savings bank and an FDIC-insured depository institution (FDIC Certificate 28368). Deposits made at Middlesex Federal Savings, F.A. through the 海角爆料 platform receive FDIC insurance protection on a pass-through basis up to the applicable legal limit. When determining the amount of your deposits covered by FDIC insurance, please note all deposits you make through the 海角爆料 platform will be aggregated with all deposit accounts of the same ownership and/or vesting held at Middlesex Federal Savings, F.A. and Middlesex Federal Savings, F.A. brands. Additional information regarding FDIC insurance coverage is available at .
About GGV Capital
GGV Capital is a global venture capital firm focused on multi-stage, sector-focused investments. Recognizing that the talent to build great companies can come from anywhere, the firm invests in founders building category-leading companies around the world. Founded in 2000 with roots in Singapore and Silicon Valley, GGV has expanded with additional offices in New York, San Francisco, Shanghai, and Beijing. The firm manages $9.2 billion in investments across the United States, Canada, China, Southeast Asia, India, Latin America, and Israel. Over the past two decades, the firm has backed more than 400 companies, including Affirm, Airbnb, Alibaba, BigCommerce, Boss Zhipin, Bowery Farming, Grab, Full Truck Alliance, HashiCorp, Hello, Keep, Kujiale, NIU, Opendoor Technologies, Poshmark, Slack, Square, StockX, StoriCard,Udaan, XPeng, Zendesk, and more. More information can be found at and @ggvcapital.
鈥
Related Posts
Join over 250,000 small businesses today
