We are extremely proud to have been able to turn Verbit into one of the market-leading companies in our industry three years after its inception. This latest financing round is an important milestone in Verbit’s journey and furthers the great momentum we had in 2019. I couldn’t be more excited to join forces with Stripes in order to support our fantastic growth, which is a great indicator of our category-leading product which we managed to build in such a short period of time.
Verbit recently announced it raised $31 million in a Series B round of funding led by Stripes. These are the details about the funding.