The virtual card payment startup Privacy.com raised $ 10.2 million for a Series A fundraiser, the company said on Wednesday.
The round was led by Teamworthy Ventures with the participation of Tusk Venture Partners, Index Ventures, Quiet Capital, Exor Seeds and Rainfall Ventures.
If you are not familiar with the start, you can generate virtual and available payment card numbers with every user free of charge. In this way, these users can keep their actual credit card number securely and at the same time separate companies from your bank account. At a time of almost constant data breaches and credit card skimmers targeting unsuspecting websites, Privacy.com makes it difficult for hackers to access your actual credit card information.
Bo Jiang, CEO of Privacy.com, told TechCrunch that the new funds will help the company launch its new card issuing API – in beta testing last year – that corporate customers use to issue and use virtual cards Manage expenses for their employees in their own environment. End systems.
“We are the first company that allows developers to see transparent revenue sharing in advance and programmatically log in and create cards on the same day,” he said.
Privacy.com will primarily serve early-stage companies that “traditionally need an easier solution for their online payments,” said Jiang. “It is an underserved market because most of the established companies focus on the larger company with minimum monthly requirements and long periods.”
Jiang also said the round will help the company “stop and advance product development much faster” to serve more corporate customers.