Quovo, a NYC-based data platform providing connectivity to consumer financial accounts, extended its Series B round, bringing total funding to $20m.
Investments came from Portag3 Ventures and Salesforce Ventures.
The company intends to use the funds to execute an extensive hiring plan, relocating its headquarters to a larger space, and continuing to develop the capabilities of its technology, and to build out a presence in the Canadian market, including the expansion of its institutional coverage and data model to include Canadian firms and financial account types.
Led by Lowell Putnam, CEO, Quovo is a data platform providing connectivity to consumer financial accounts. The company centralizes, organizes, and enriches data from millions of accounts across more than 14,000 institutions to provide businesses with a comprehensive picture of each customers’ financial identity.
Financial services companies, such as SoFi and Betterment, use Quovo to provide the data and insights they need to predict, transact, and personalize their services more effectively and with greater confidence.