Astra Raises $10M in Series A Funding; $30M Credit Line  







astra

Astra, a San Francisco, CA-based supplier of speedy card-to-card investment as a provider within the U.S., raised $10M in Sequence A investment.

The spherical was once led via FPV Ventures, with participation from Gradual Ventures and Allegis Capital. The corporate additionally gained a $30M line of credit score via CoVenture. 

Astra intends to make use of the finances to strengthen the growth of its group, with a selected focal point on engineering and compliance assets, to additional permit sooner bills from any supply to any vacation spot.

Based in 2016 via Gil Akos and Sam Morgan, the corporate is a supplier of complicated bank-to-bank switch generation for monetary establishments, fintech startups, and enterprises. By means of a light-weight API integration, Astra provides a platform that permits builders so as to add sooner agreement and monetary automation to their present merchandise. Builders can permit sped up and risk-mitigated transfers with no need to take compliance specs, capital commitments, or operational prices under consideration. Whilst many cost platforms supply an incomplete resolution – this is, most effective permitting get right of entry to to cost networks with out added fraud prevention – Astra’s dynamic, all-in-one resolution has threat mitigation and anti-fraud measures integrated, powering a degree of monetary capability that was once up to now impossible.  

FinSMEs

14/10/2022






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