Wisetack, a San Francisco, California-based technology company that brings buy now, pay later to in-person services like home and auto repair, raised $45 million in Series B funding, led by New York-based global private equity and venture capital firm Insight Partners.
Together with existing investors, Greylock Partners and Bain Capital Ventures, among others, also participating in the round.
The company will use the investment to accelerate the strong growth it has seen to date, including supporting further expansion into verticals such as auto repair, elective medical, dental and veterinary, legal services, and more.
Company: Wisetack, Inc.
Raised: $45.0M
Round: Series B
Funding Month: September 2021
Lead Investors: Insight Partners
Additional Investors: Greylock Partners and Bain Capital Ventures
Company Website: https://www.wisetack.com/
Software Category: SaaS/Data Services, FinTech
About the Company: Founded by an experienced team in payments and lending, Wisetack helps in-person businesses offer financing to consumers. Through its suite of APIs, Wisetack embeds financing options into software platforms that businesses are already using in their day-to-day operations. Backed by Insight Partners, Greylock, Bain Capital Ventures, and others, the team is based in San Francisco. Wisetack loans are issued by Hatch Bank.
Source: https://www.prnewswire.com/news-releases/wisetack-raises-45m-in-series-b-funding-to-accelerate-buy-now-pay-later-for-in-person-services-301372583.html