Node, a San Francisco, CA-based online shopping platform without accounts, raised $2.75M in Seed funding.
The round was led by Neotribe Ventures, and included participation from executives and founders from across current ecosystem leaders, including Bill Me Later (acq:NASDAQ: PYPL), Boku, Citicards, Facebook, Magento (acq:NASDAQ: ADBE), Meta (NASDAQ: META), and PayPal.
The company intends to use the funds for product development and go-to-market strategy initiatives.
Led by CEO Rohan Mahadevan, Node is an ecommerce app that puts customers at the center of the transaction with a control over their information on any site and all within one app. It represents a shift in commerce that brings merchants and consumers a new way to transact and interact. For decades, merchants have had to choose between introducing hassle to shoppers (username/password, CAPTCHA, etc.) and consistent connection that creates loyal customers. Node provides both, while removing all the data privacy and storage headaches, offering:
- Premium guest experience: Guests receive a better experience than today’s account-holders, with a “one-click” repeat user experience similar to Amazon.
- Easy integration & lower costs: Node works with existing infrastructure, and will be easily adapted for future product developments. It eliminates all unnecessary infrastructure, experience and data privacy costs associated with accounts.
- Always up-to-date: All consumer information remains current.
- Top-of-line security: Node eliminates transaction risks, fake accounts and sign-ups, updating payment information, password recovery and more. It offers instant compliance with GDPR, CCPA, PCI, and data localization.
FinSMEs
27/10/2023