Kodo, a corporate card company, has announced that it has secured $8.75 million in its seed funding round. The round saw participation from Brex, Pioneer Fund, Goat Capital and other investors based in Silicon Valley.
The startup said that it will utilize the capital raised to scale up its engineering, product, sales, credit and operational team and to further its growth.
Deepti Sanghi, co-founder & chief executive officer of Kodo, said, “We want to create the most intuitive and seamless financial products for founders that enable them to free up their time. We believe that founders should be free from the anxiety of where their money is, how much is being spent, and how to optimize their cash flows. Kodo cards with integrated spend management tools is our first step towards that goal.”
“Kodo has built an amazing foundation in India and we are looking forward to putting the full weight of our experience behind them. We were immediately impressed with Deepti and her team’s deep understanding of the future of finance and are incredibly excited about the next phase of their business,” added Henrique Dubugras, co-CEO of Brex.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.