Stilt Raises $14M in Series A Funding Led by Azevedo TechCrunch
Stilt, a financial technology company, has recently announced a significant milestone: the closure of a $14 million Series A funding round led by Azevedo TechCrunch. This capital raise comes at a pivotal time for the company which is looking to expand its services and offerings. The injection of funds will help Stilt to build out its product offerings and accelerate its growth. This article will discuss the details of the funding and what it means for Stilt and its customers.
Overview of Stilt
Stilt is a financial technology company that provides a range of services to its customers. Founded in 2015, Stilt’s mission is to make financial services more accessible to global citizens, especially those living abroad and underserved communities. The company has developed a suite of products and services, including a digital loan platform, a remittance platform and an international money transfer service.
Funding Details
Stilt has recently announced the closure of a $14 million Series A funding round led by Azevedo TechCrunch. This capital raise comes at a pivotal time for Stilt which is looking to expand its services and offerings. The injection of funds will help Stilt to build out its product offerings and accelerate its growth. Other investors in the round include existing investors such as Kae Capital, Green Visor Capital and Omidyar Network.
What The Funding Means For Stilt
The injection of capital will help Stilt to further develop its products and services. The funds will be used to expand its digital loan platform, remittance platform and international money transfer service. The funds will also be used to expand its engineering, product and design teams, as well as to increase its marketing efforts.
What The Funding Means For Customers
The injection of funds will be beneficial to Stilt’s customers. The company will be able to offer more competitive rates and better customer service. It will also be able to expand its product offerings and extend its services to more customers. This means that customers will have more options when it comes to choosing a financial service provider.
Conclusion
The closure of the $14 million Series A funding round led by Azevedo TechCrunc will help Stilt to grow and expand its services. The injection of capital will be beneficial to both the company and its customers. It will allow Stilt to build out its product offerings and extend its services to more customers. This is an exciting time for Stilt and its customers, and the company is well-positioned to capitalize on this opportunity.
