According to the press release, the round was led by Teamworthy Ventures with participation from Tusk Venture Partners, Index Ventures, Quiet Capital, Exor Seeds, and Rainfall Ventures.
The new funding will fuel the expansion of the Privacy's Card Issuing API, a service designed for businesses of all sizes to issue and manage virtual and physical cards for all their payment needs, including procurement, expense reimbursement, disbursement automation, on-demand services, digital banking, agency services, and more.
By lowering the hurdles to issuing cards, Privacy's Card Issuing API has enabled businesses to create new payments-enabled business models in a diverse set of industries ranging from digital advertising to insurance.
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