Wise, a San Mateo, CA-based provider of embedded banking solutions available via partnerships, closed a $12M Series A funding.
The round was led by e.ventures, with participation from Grishin Robotics with participation from seed investors Base10 Partners and Techstars.
The company, which has raised $18M to date, intends to use the funds to accelerate growth and partnerships across several verticals and to extend its technology to support a fully-managed, first-of-its-kind embedded banking experience.
Led by Arjun Thyagarajan, Co-Founder and CEO, and Raghav Lal, President, Wise is a Techstars NYC company that offers modern businesses a way to bank, pay, and get paid. Wise embeds its all-in-one business banking product via partnerships.