jaris, a Burlingame CA-based provider of an embedded lending solution for payment-enabled software companies, raised $31M in Series B funding.
The round was led by GSR Ventures with participation from Wing Venture Capital and Franklin Templeton, and individual investors.
The company intends to use the funds to: hire across all disciplines, including engineering, finance and operations, expand its product offerings to enable partners to get to market faster, and provide capital to the broadest range of their small business customers.
Led by Chris Aristides, founder and CEO, jaris provides an embedded financial services solution for payment-enabled software providers targeting small businesses. Its private label Credit-as-a-Service (CaaS) platform makes it simple for payment-enabled software companies to offer branded financial services to small businesses to help increase engagement, retention, and brand loyalty. Fully managed by jaris and accessed via an innovative API, partners can deliver fast financial services to their merchants.