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Stackin' raises USD 12.6 mln in Series B funding round

Tuesday 2 June 2020 13:27 CET | News

US-based text message financial platform Stackin' has raised a USD 12.6 million Series B funding round.

According to the press release, the funding round was led by Octopus Ventures, along with participation from new and existing investors including Experian Ventures, Cherry Tree Investments, Dig Ventures, Mucker Capital, Unlock Venture Partners, TechStars, and Wavemaker Partners. 

With this funding, Stackin' aims to become the main financial connection point to its subscribers, as the company utilises machine learning, data and predictive analytics to place users into helpful financial products. Besides, the company plans to expand to the UK in late 2020. 

In addition, Stackin' will expand its marketplace that currently offers deposit, checking and investing products to include credit cards, loans and insurance. The marketplace will continue to be curated around products and services that are beneficial to the Stackin' subscriber. 

Moreover, the company recently announced a collaboration with Twilio and Google, to be among the companies that use Verified SMS to strengthen relationships with their customers. The Verified SMS technology enables select partners to send branded and authenticated SMS to build trust, maintain the integrity of their brands, and boost engagement with their customers.


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Keywords: Stackin', US, Octopus Ventures, Experian Ventures, Cherry Tree Investments, Dig Ventures, Mucker Capital, Unlock Venture Partners, TechStars, Wavemaker Partners, machine learning, marketplace, deposit, credit cards, loans, insurance, Twilio, Google, Verified SMS, UK
Categories: Payments & Commerce | Mobile Payments
Countries: United States
This article is part of category

Payments & Commerce