Tech Company Financing Transactions
Deserve Funding Round
Deserve, based in Menlo Park, secured $7.1 million in funding from Pelion Venture Partners, Accel Partners and Aspect Ventures.
Transaction Overview
Company Name
Announced On
8/25/2016
Transaction Type
Venture Equity
Amount
$7,100,000
Round
Undisclosed
Investors
Proceeds Purpose
Kapadia said while the company only offers one major card to students now, it will use the new Series A funding for hiring, marketing and to roll out tiered levels of service from gold to platinum credit cards in the next year or two.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
PO Box 1286
Menlo Park, CA 94026
USA
Menlo Park, CA 94026
USA
Phone
Website
Email Address
Overview
Deserve is a next generation analytics-based fintech company. Through machine learning and alternative data, Deserve is helping millennials and Gen Z's, the next wave of credit owners, gain financial independence through access to fair credit products.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kalpesh Kapadia
Chief Financial Officer
Mannan Latif
Chief Technical Officer
Cameron Gray
Vice President
Bert Friedman
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