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Kafene announced it raised $12.7 Million in an initial filing from an offering of $17.5 Million

Aug 23, 2023over 2 years ago

Amount Raised

$12.7 Million

New YorkMobileSoftwareCommerce And ShoppingFinancial Services

Company Information

Company

Kafene, Inc.

Location

18 EAST 50TH STREET, 6TH FLOOR

New York, United States

About

Kafene is a fintech company bringing innovation to a key segment of the point-of-sale financing market, the underbanked, with interest-free BNPL (Buy Now Pay Later) options as well as flexible lease-to-own options. Best-in-class artificial intelligence and machine learning technologies allow Kafene to offer purchasing solutions to these consumers for furniture, appliances, electronics, tires and other goods. Kafene's core product is an easy-to-use, lease-to-own / BNPL platform that underwrites, approves, and enables payment almost instantly. This helps retailers satisfy customer demand and make sales they would otherwise lose. Driving the experience is a suite of custom-built technology at the cutting edge of payment processing, servicing, and underwriting. Kafene is backed by Third Prime, Valar Ventures, Company Ventures, Global Founders Capital, Uncorrelated Ventures, and other investors. For more information, please visit www.kafene.com and follow Kafene on our LinkedIn page.

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Funding Insights

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Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech