Tiger International Leads Kard’s $23 Million Funding Spherical

by Cryptospacey

Fintech agency Kard not too long ago introduced that it has secured $23 million within the Sequence A funding spherical to broaden its operations, together with the enhancement of its service provider community.

The funding spherical, which was led by enterprise capital large Tiger International, noticed participation from quite a few different buyers, together with Fin Capital, s12f, and present investor Underscore VC, which led Kard’s Seed spherical, in addition to a number of strategic angel buyers.

Along with the enlargement of its service provider community and product suite, Kard can also be planning to rent individuals throughout the corporate’s totally different departments. Kard launched its reward API in early 2020.

“The response from either side of our market has been wonderful to see,” says Ben Mackinnon, CEO of Kard. “We knew from the start that our platform would supply a significant improve in comparison with others within the house, and the traction we have seen within the final 12 months alone has validated our expectations. We make rewards easy for everybody, from our issuers and service provider companions to on a regular basis cardholders. I am excited for this subsequent stage of development as we scale our product performance and drive more and more extra worth to cardholders.”

Partnerships

The fintech agency famous that it has shaped collaborations with greater than two dozen corporations inside the final 12 months. In keeping with the corporate, it’s now processing greater than 50 million transactions monthly.

“Kard has created an modern and easy-to-use platform that enables card issuers to construct customizable reward techniques, whereas additionally offering retailers a solution to seize market share and drive income,” stated Alex Cook dinner, Companion at Tiger International. “Kard acknowledges the significance of a aggressive rewards program to issuers, retailers, and cardholders, and we’re excited to associate with the Kard staff.”

“In contrast to different options, Kard’s mannequin allowed us to construct our personal bespoke expertise and management how our clients have interaction with rewards,” says Behzad Behrouzi, VP of Product Administration at Varo.

Fintech agency Kard not too long ago introduced that it has secured $23 million within the Sequence A funding spherical to broaden its operations, together with the enhancement of its service provider community.

The funding spherical, which was led by enterprise capital large Tiger International, noticed participation from quite a few different buyers, together with Fin Capital, s12f, and present investor Underscore VC, which led Kard’s Seed spherical, in addition to a number of strategic angel buyers.

Along with the enlargement of its service provider community and product suite, Kard can also be planning to rent individuals throughout the corporate’s totally different departments. Kard launched its reward API in early 2020.

“The response from either side of our market has been wonderful to see,” says Ben Mackinnon, CEO of Kard. “We knew from the start that our platform would supply a significant improve in comparison with others within the house, and the traction we have seen within the final 12 months alone has validated our expectations. We make rewards easy for everybody, from our issuers and service provider companions to on a regular basis cardholders. I am excited for this subsequent stage of development as we scale our product performance and drive more and more extra worth to cardholders.”

Partnerships

The fintech agency famous that it has shaped collaborations with greater than two dozen corporations inside the final 12 months. In keeping with the corporate, it’s now processing greater than 50 million transactions monthly.

“Kard has created an modern and easy-to-use platform that enables card issuers to construct customizable reward techniques, whereas additionally offering retailers a solution to seize market share and drive income,” stated Alex Cook dinner, Companion at Tiger International. “Kard acknowledges the significance of a aggressive rewards program to issuers, retailers, and cardholders, and we’re excited to associate with the Kard staff.”

“In contrast to different options, Kard’s mannequin allowed us to construct our personal bespoke expertise and management how our clients have interaction with rewards,” says Behzad Behrouzi, VP of Product Administration at Varo.

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