Hopscotch, a New York-based provider of a community-oriented B2B payments platform, raised $10M in Seed funding.
The company has just raised a $6.1M seed extension, bringing the company’s total funding to $9.95M. The round was led by Shine Capital and Stellation Capital with participation from additional investors, including NOEMIS Ventures, 3KVC, Valar Ventures, and Red & Blue Ventures.
The round was led by Shine Capital and Stellation Capital with participation from NOEMIS Ventures, 3KVC, Valar Ventures, and Red & Blue Ventures.
The company intends to use the funds to double the team across all departments, expedite the launch of revenue-generating features, and continue to scale their community.
Led by CEO Reed Switzer, Hopscotch is a community-oriented B2B payments platform that facilitates instant, fee-free payments for small businesses and startups. The platform helps businesses process their accounts payable and receivable without charging them fees, enables users to transact with their clients and vendors, even if their clients and vendors don’t have a Hopscotch account. For Hopscotch users, when their client issues a payment, the funds are instantly transferred and accessible, a distinction from traditional payment methods with standard processing periods of 2-8 days. The entire process is also completely fee-free.
With the launch of its private beta, Hopscotch has opened its doors to waitlist customers. Beginning in Q2, businesses that have been invoiced or paid by existing Hopscotch users can join by registering with the email their vendor or client used.
FinSMEs
08/03/2022