Fundz

Kafene Raises $18 Million In Series B To Accelerate Growth In Helping Merchants Offer Flexible Lease-To-Own Financing Options For Consumers

PRIVATESep 13, 2022

Amount Raised

$18 Million

Round Type

Series B

New YorkCommerce and ShoppingFinancial ServicesSoftwareMobileCommerce And Shopping

Description

Kafene, a cutting-edge digital platform used by merchants at the point-of-sale to help offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, announced today that it has raised $18 million in a Series B funding round led by Third Prime and existing investors. This round follows a Series A investment of $30 million in 2021 that was co-led by Third Prime and Valar Ventures. Kafene will use the new capital to increase headcount to meet the demand from merchants and consumers for omni-channel, technology-enabled purchase options.

Quick answer

Kafene, Inc. raised $18 Million in a Series B round, dated September 13, 2022. Kafene, Inc. is based in New York, New York, United States.

How much did Kafene, Inc. raise?
Kafene, Inc. raised $18 Million in a Series B round on September 13, 2022.
What does Kafene, Inc. do?
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.
Where is Kafene, Inc. based and how big is it?
Kafene, Inc. is based in New York, New York, United States.
Who are the decision-makers at Kafene, Inc?
Fundz holds 1 contact at Kafene, Inc. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Commerce and Shopping and Financial Services around the same time

Companies in the same sectors as Kafene, Inc. that raised within 45 days of this round, from Fundz verified event records.

  • HALO raised $2.6M (Seed) on September 20, 2022.
  • Duplo raised $4.3M (Seed) on August 31, 2022.
  • TuMeke Ergonomics raised $2.5M (Seed) on October 20, 2022.
  • Triple Whale raised $25M on October 14, 2022.
  • CarpeDM raised $1M (Pre-Seed) on September 28, 2022.
  • Kumo AI raised $18M (Series B) on September 27, 2022.

Who to call at Kafene, Inc., and when

A new round usually means Kafene, Inc. is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Kafene, Inc. raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Kafene, Inc., from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Kafene, Inc.. With Fundz connected, it knows.

Watch Fundz in
See plan options
Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce 4.8/5 on G2

Company Information

Company

Kafene, Inc.

Location

18 EAST 50TH STREET, 6TH FLOOR

New York, 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.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Kafene, Inc. raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contacts3 people are listed at Kafene, Inc.. We don't have their email yet.See plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Kafene, Inc.'s next move

See what Strategic adds

Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Kafene, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.