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Wise locks down $5.7m to scale its challenger bank designed for small businesses

California based challenger bank for SMBs raised a $5.7m Seed round led by Base10 Partners.

While Thyagarajan says they’ve seen online spend increasing, the COVID-19 pandemic has impacted plenty of Wise’s potential customers, and has pushed the company to stay flexible in the businesses they cater to. “I think a lot of industries are going to get accelerated and fast-forwarded,” he says. “The customers we want to cater to are rapidly modernizing.”

Tags

financing, challenger banks