Bond Raises $10 Million in Its First Venture Round

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Bond Financial Technologies Inc., a San Francisco based startup building an enterprise-grade financial technology platform announced it has raised new funding.

The company announced it has raised $10 million in a seed round, led by Canaan and joined by Coatue and several angel investors including Ryan Peterson, Sarah Friar and Eric Yuan. 

“Until now, the friction between brands and banks has stifled the pace of financial innovation and access to capital,” said Roy Ng, co-founder & CEO of Bond, in a statement. “Bond enables banks of all sizes to more effectively compete for and partner with technology innovators, ultimately improving access to capital for everyday consumers and businesses.”

The funding will help Bond further develop its machine learning powered platform and grow its reach with banks, financial tech companies and brand partners. Bond plans to be the catalyst for digital brands that want to provide access to customers, and banking partners which would like to grow by providing financial services.