Bond raises $32mn from Mastercard, Goldman

July 20, 2020 | Investment

Written by FinTech Alliance

Bond raises $32mn from Mastercard, Goldman

US startup Bond has completed a $32mn Series A funding round.

In Brief:

  • The round was led by Coatue, and included Mastercard and Goldman Sachs.

  • Bond works to connect digital brands with banking partners.

  • It us powered by machine learning and uses APIs and SDKs to aid integration.

 

What does this mean?

The platform was launched by those with experience at Goldman Sachs, SAP and other big names. Bond has a financial inclusion aim: it wants to level the playing field for consumers and businesses by giving easier access to digital banking. It says that around 22% of households in the US don’t have bank accounts and hopes to help them access financial services.

 

Read more here.

 

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