Wise Announces $12M Series A To Accelerate Embedded Banking Partnerships
Summary
Six months after a $5.7M seed round, Wise raised the Series A funding to accelerate growth and partnerships across several verticals and to extend its breakthrough technology to support a fully-managed, first-of-its-kind embedded banking experience. Poor user interfaces, payments delays, unnecessary fees, a lack of integrations, the list goes on and on," said Brendan Wales, Partner at e.ventures. In addition to this round, Wise has also signed several new partnerships, where leading B2B companies are able to seamlessly offer banking, within their product experience, greatly expanding the value to their business customers. "In a world where more people are working remotely than ever before, it is important for RemoteTeam to provide its customers with a modern, instant payroll experience. About e.ventures Founded in 1999, e.ventures is the first tech-enabled global venture capital firm and invests in consumer and software companies at their inflection points from early to growth stage.