B2B fintech Sequence lands $19m seed funding
B2B fintech Sequence has raised $19 million in a seed funding round as it prepares to publicly launch in Q4 this year.
The round was led by US venture capital firm Andreessen Horowitz and saw participation from Salesforce Ventures, Firstminute Capital, Crew Capital, Passion Capital, Dig Ventures, Fin Capital and 9Yards.
A number of angels also participated, TechCrunch reports, including the founders of Plaid, Intercom, Jeeves, GoCardless, Marshmallow, Lendable, Hopin, UiPath, Monzo and Comply.
The London-based firm, which aims to simplify financial operations for companies, will use the seed funding to continue its product development and hire more staff.
In January, the former chief technology officer (CTO) of Curve, Matt Collinge, joined Sequence.
“We are creating a new category of software, FinOps, bringing the UX and product focused aspects of fintech to bear on the underserved but business critical aspects of finance processes in growing businesses,” Collinge explained.