Coast Secures $35 Million to Expand Financial Platform for Physical Economy
By PYMNTS
AI summary of the source article
Financial technology firm Coast has raised $35 million in a growth equity funding round led by Thomvest Ventures. The funds will support the expansion of its payment and expense management platform for physical economy businesses.
Why it matters
The funding was raised "to expand its payment and expense management platform built for physical economy businesses."
Key facts
- Coast secured $35 million in a growth equity funding round.
- Thomvest Ventures led the round, with participation from Intuit Ventures, Small World Capital, and Alpha Square Group.
- The capital will be used to expand Coast's payment and expense management platform.
Source excerpt · PYMNTS
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 to Exp…