Kafene Closes Series B Extension With $12.6 Million In Additional Equity Investment To Capitalize On Recent Business Momentum
Round Type
Series B
New YorkCommerce and ShoppingFinancial ServicesSoftwareMobileCommerce And ShoppingInvestors
Description
Kafene, a point-of-sale financing platform that helps offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, today announced it extended its Series B round to include an additional $12.6 million in new equity capital. This brings Kafene's Series B total to nearly $31 million. Kafene had previously announced its initial $18 million Series B fundraise in September 2022. Third Prime led the initial fundraise as well as the extension alongside existing investors.
Quick answer
Kafene, Inc. raised an undisclosed amount in a Series B round, dated October 2, 2023. Investors: Third Prime. Kafene, Inc. is based in New York, New York, United States.
- How much did Kafene, Inc. raise?
- Kafene, Inc. raised an undisclosed amount in a Series B round on October 2, 2023.
- Who invested in Kafene, Inc?
- Third Prime is named as investors in this round.
- 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.
- QI Tech raised $200M (Funding Round) on October 31, 2023.
- Purplle raised an undisclosed amount (Funding Round) on October 30, 2023.
- GetPaid raised $6M (Seed) on October 5, 2023.
- Shopblocks raised $1.8M (Seed) on October 2, 2023.
- Beeline Holdings raised $6.5M on September 29, 2023.
- Wayflyer raised $1B (Debt Financing) on September 5, 2023.
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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