Kafene Raises $18 Million In Series B To Accelerate Growth In Helping Merchants Offer Flexible Lease-To-Own Financing Options For Consumers
Amount Raised
$18 Million
Round Type
Series B
New YorkCommerce and ShoppingFinancial ServicesSoftwareMobileCommerce And ShoppingDescription
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
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Funding Insights
What this usually meansKafene, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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