Cable Raises $11M in Series A Funding
Summary
Cable, a San Francisco, CA-based provider of a financial crime effectiveness testing platform, raised $11M in Series A funding. The round saw participation from Stage 2 Capital and Jump Capital, with ongoing involvement from previous investors CRV. The company intends to use the funds to hire for roles across its product, engineering, data, and go-to-market teams, and quicken its product development pace. Led by CEO Natasha Vernier, Cable is an effectiveness testing platform that offers banks, fintechs, and crypto firms a purpose-built suite of tools to ensure compliance with financial crime requirements, including tech-enabled risk assessments, automated assurance, quality assurance, management information, and reporting. The company is currently serving regulated banks like Axiom Bank, Quaint Oak Bank, and Griffin, and fintech and crypto companies like Tide and Ramp.