Fintech startup Kodo raises $8.75 million in seed round

Fintech startup Kodo has raised $8.75 million in its seed round from a slew of investors such as Brex, Goat Capital, and Pioneer Fund along with a few others from Silicon Valley, the company said on Thursday.

The startup specialises in corporate cards and business payment solutions for startups and small businesses. The freshly raised funds will be used for expansion of its team across engineering, product, sales, credit and operations.

“We believe that founders should be free from the anxiety of where their money is, how much is being spent, and how to optimise their cash flows,” said Deepti Sanghi, cofounder and CEO, Kodo.