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Fintech startup Coast raises $35M for employee spending management

By PulseAugur Editorial · [1 sources] ·

Coast, a fintech startup based in New York, has secured $35 million in growth equity funding to enhance its platform for managing employee spending and automating accounting tasks. The company's software pairs company payment cards with tools that allow businesses to control spending, track purchases, and verify transactions using location data. This funding aims to support Coast's expansion into markets like construction and plumbing, where efficient management of field employee expenses is crucial. AI

IMPACT This funding could accelerate the development of AI-powered tools for expense management in industries that have traditionally lagged in technology adoption.

RANK_REASON Major funding round for a fintech startup focused on a specific industry niche. [lever_c_demoted from significant: ic=1 ai=0.4]

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Fintech startup Coast raises $35M for employee spending management

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Major funding round for a fintech startup focused on a specific industry niche. [lever_c_demoted from significant: ic=1 ai=0.4]
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funding, product
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Camila Grigera Naón ·

    Fintech startup Coast raises $35 million to better track what workers do with company credit cards

    The New York-based startup wants to help contractors control employee purchases, pay vendors, and track expenses in one place.

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