Coast raises $35 million in a funding round led by Thomvest Ventures to build a financial platform for the physical economy. New investors Intuit and Small World Capital also joined the round.
PRIVATEOct 22, 2026
Amount Raised
$35 Million
Round Type
Venture
New YorkOtherFinancial ServicesCommerce And Shopping
Investors
The FinTech FundRxrSynchronyColle CapitalVintage Investment PartnersAvid VenturesBetter Tomorrow VenturesInsight PartnersAccelICONIQ GrowthAlpha Square GroupSmall World CapitalIntuitThomvest Ventures
Description
Coast, a financial platform for the physical economy, has successfully raised $35 million in growth equity funding. Led by Thomvest Ventures, this round also saw participation from Intuit, Small World Capital, and many others. The funds will be used to enhance Coast's financial operating system and invest in AI-powered products. Coast aims to better serve businesses in construction, HVAC, and other related sectors.
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Company Information
Company
Coast
Location
New York, United States
About
Coast is re-imagining the trillion-dollar US B2B card payments infrastructure, with a focus on the country's 500,000 commercial fleets, 40 million commercial vehicles, and many million commercial drivers. Drivers, fleets, and the merchants that serve them all increasingly demand modern digital payments experiences and affordable and transparent financial services products. Coast's mission is to deliver them at a transformational scale and to improve working lives in one of the country's biggest industry sectors. Coast is founded and led by Daniel Simon, who previously co-founded digital payments platform Bread (breadpayments.com), which was acquired by Alliance Data Systems for more than $500 million in 2020.
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New YorkOtherFinancial ServicesCommerce And Shopping