U.S-based fintech startups had a rush of investment injection for their expansion, with Genesis Volatility (GVol), Tilled, and Airbase all receiving various funding.
Colorado-based fintech Tilled announced that it completed an $11 million Series A funding extension to offer more services and extend its operations. The funding round for the PayFac-as-a-Service provider was led by G Squared, while other existing investors like Abstract Ventures and Peterson Ventures also participated.
Chief Executive Officer of Tilled Caleb Avery stated that the company has doubled its funding within the past six months. He says the plan is to continue the company’s aggressive growth trajectory as it keeps investing in top-level talent to fuel its development. Caleb also states that the company has quadrupled its team and nearly tripled its valuation while launching core products like omnichannel payments.
GVol Raises $3 Million For Expansion
In another development, crypto options data provider, Genesis Volatility, announced the completion of a $3 million funding that will help the firm to expand its operation and network.
The growth seed fund was led by Delphi Digital, while Profluent Trading, QCP, LedgePrime, The LAO, and Vanynerfund all participated in the funding round.
Other participants include Josh Lim, Roshun Patel, and Cyrus Younessi of Genesis Trading, Richard Dai, co-founders of 0x, Amir Bandeali and Will Warren, as well as co-founder of Vola Dynamics, Misha Fomytskyi.
The funding will be used to support the company’s expansion in the blockchain-based options ecosystem. It will also be used for innovations in traditional finance (TradFi), centralized finance (CeFi), and decentralized finance (DeFi).
GVol noted that the fund will also be used in strengthening its marketing and sales strategies while advancing integration with key strategic partners.
Airbase Gets Funding To Expand Operation
California-based fintech startup Airbase has completed a funding round that saw a strategic investment made by American Expresses’ Amex Ventures.
Following the funding, Amex will be running a pilot program with Airbase to enable Amex’s SMB customers to participate in Airbase’s Spend Management Platform. The goal is to make sure that customers can make virtual card payments with existing American Express cards.
Airbase was established in 2017 and links various business spending accounts into one platform, including payroll, procurement, and employee expenses.