Coast Raises $35M Growth Capital

Coast, a New York-based fintech startup providing expense management and payment solutions for trade industries, has raised $35 million in a growth equity round. The company specializes in pairing corporate payment cards with software that helps businesses control spending and track employee purchases in real time.

Investors

The round was led by Thomvest Ventures, with participation from new investors Intuit Ventures and Small World Capital. Existing investors ICONIQ Growth, Accel, Insight Partners, Better Tomorrow Ventures, Avid Ventures, Vintage Investment Partners, Synchrony, RXR, and The Fintech Fund also participated.

Coast Use of Funds

Coast plans to use the capital to build out its platform, which facilitates payments to vendors, manages employee spending, and automates accounting tasks.

About Coast

Founded in 2020 by former Wall Street engineer Daniel Simon, Coast provides a digital platform that enables businesses in sectors like plumbing and construction to track employee expenses and automate back-office financial tasks. The company aims to replace outdated payment tools for trade professionals with modern software integration.

Funding Details

Company Website: https://coastpay.com

Company: Coast
Raised: $35M
Round: Growth Capital
Funding Date: October 2026
Lead Investor: Thomvest Ventures
Additional Investors: Intuit Ventures, Small World Capital, ICONIQ Growth, Accel, Insight Partners, Better Tomorrow Ventures, Avid Ventures, Vintage Investment Partners, Synchrony, RXR, The Fintech Fund
Company Website: https://coastpay.com
Software Category: Fintech
Source: https://fortune.com/2026/10/22/fintech-startup-coast-35-million-track-workers-company-credit-cards/