Quovo, a NYC-based data platform providing insights and connectivity for financial accounts, raised $10m in Series B funding.
The round was co-led by F-Prime Capital and Napier Park Financial Partners with participation from existing investors FinTech Collective and Long Light Capital. In conjunction with the funding, David Jegen, a partner at F-Prime Capital, and and Ned May, a principal at Napier Park Financial Partners, will be joining Quovo’s board.
The company will use the funds to accelerate the growth of its suite of data analytics offerings, which include the recently launched bank authentication API and Quovo Connect module.
Led by Lowell Putnam, CEO and co-founder, Quovo is a data platform providing insights and connectivity for millions of financial accounts across thousands of institutions. With its APIs, modular applications, and enterprise solutions, the company aims to help financial services insitutions in such verticals as banking, lending, insurance, etc. better connect to their clients’ financial live via account aggregation, bank authentication, and ongoing insights.