Corporate card provider Kodo raises $8.75 mn seed from slew of investors

Corporate card startup Kodo has raised $8.75 million in seed capital from a slew of investors including Brex, Goat Capital, Pioneer Fund and other Silicon Valley players. It will use the funds raised to strengthen and expand its team across engineering, product, sales, credit and operations, and to support its accelerated growth plans.

The startup which was part of the winter 2021 batch of Y-Combinator was launched in 2019 with the mission of putting a Kodo corporate card in the hands of every founder in India. Card spends on Kodo have grown 45 per cent month-on-month for the past 12 months, claimed the company.