California based social payments app Verse has raised $20.5m in Series B funding led by Spark Capital. Verse is a peer to peer payment app and platform with services operating in Europe and South America.
Last fall the app had amassed around 550,000 users, across Android and iOS, after soft launching in February 2016. Lopera won’t provide an update on user numbers at this point, as he says the team is coming to the end of a two-year process of obtaining a payments-related license for Verse — so wants to wait until it’s passed that regulatory hurdle before making new figures public. He will only say it has “a lot” of users, and that it’s “been growing 30 per cent month-over-month”. One element he says has helped boost usage is the recent launch of a feed within the app (he describes it as “very similar to Venmo”) which lets users see what their friends are up to based on their Verse transactions.
https://techcrunch.com/2017/05/17/verse-grabs-20-5m-to-take-its-p2p-payments-play-beyond-europe/