US-based embedded banking fintech startup Wise has closed a $12m Series A funding round to boost its growth and partnerships.
The funding round was led by e.ventures, with participation from Grishin Robotics, and existing investors Base10 Partners and Techstars.
The latest funding round brings the total amount raised by the company to date to $18m, following a $5.7m seed round six months ago.
Wise will use the fresh capital to accelerate its growth and partnerships across various verticals.
The company will also extend its technology to support a fully-managed, embedded banking experience.
Additionally, Wise has already inked many partnerships with software-as-a-service (SaaS) B2B companies, enabling them to offer no-code banking services to their clients.