Indian corporate card start-up Kodo raises $8.75M from Brex

Brex, a US corporate card unicorn, participated in a $ 8.75 million seed funding round for Indian company Kodo. Goat Capital, Pioneer Fund and other Silicon Valley investors will participate in Kodo’s rounds. The funds will be used to accelerate growth plans, hire engineering, products, sales, credit and operations.

The Indian FinTech start-up, which was part of the winter 2021 batch of Y-Combinator, was launched in 2019 by Deepti Sanghi and Gaurav Thapa, with the aim of putting a Kodo corporate card within the reach of every founder in India.

Read more: IBS Intelligence