Pngme Raises $15 Million in Series A

by Kay Aloha Villamor in August 26th, 2021

Pngme, a San Francisco, CA-based financial data infrastructure and machine learning-as-a-service platform, raised $15 Million in Series A funding.

The round was led by Octopus Ventures with participation from Lateral Capital, Unshackled Ventures, Raptor Group, EchoVC, Future Africa, Two Small Fish Ventures, and a group of individual angel investors, including RallyCap’s Hayden Simmons, Plaid’s Dan Khan, former COO of RBC Capital Markets Richard Talbot, and Intersect VC’s Kyle Ellicott, among others.

Company: Pngme

Raised: $15.0M

Round: Series A

Funding Month: August 2021

Lead Investors: Octopus Ventures 

Additional Investors: Lateral Capital, Unshackled Ventures, Raptor Group, EchoVC, Future Africa, Two Small Fish Ventures, RallyCap’s Hayden Simmons, Plaid’s Dan Khan, former COO of RBC Capital Markets Richard Talbot, and Intersect VC’s Kyle Ellicott, among others.

Company Website: https://www.pngme.com/

Software Category: financial data infrastructure and machine learning-as-a-service platform

About the Company: Pngme builds mission-critical data infrastructure and out-of-the-box machine learning capabilities for financial institutions and fintech across sub-Saharan Africa. The platform consists of three core products – a mobile SDK, Customer Management Platform, and API – that drive the adoption and use of personalized user experiences and financial products. This allows financial institutions and fintech to collect and aggregate financial data at scale. 

Source: https://www.finsmes.com/2021/08/pngme-raises-15m-in-series-a-funding.html

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