Tech Company Financing Transactions

Line Funding Round

Massive Capital Partners, Avesta Fund and Goodwater Capital invested in a $25 million capital raise for Line. The round was announced on 5/3/2022.

Transaction Overview

Company Name
Announced On
5/3/2022
Transaction Type
Debt
Venture Equity
Amount
$25,000,000
Round
Undisclosed
Proceeds Purpose
With new capital behind him, Krishnaiah believes that Line's biggest disruption, and the reason it will work through consumer trust issues with the larger fintech world, is perspective. The entrepreneur, a former Uber driver, has lived the experience that he's now trying to disrupt.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
Financial District 353 Sacramento St
San Francisco, CA 94111
USA
Email Address
Overview
We are building an inclusive modern financial network that allows individuals to establish trust and credit-worthiness without the need for Credit History, Credit Score or Payslips, join our high trust network of credit-worthy individuals and service providers and access affordable financial services like personal credit via our iOS and Android apps. Line is founded and supported by a team of doers, makers and hustlers like you who have built financial platforms that bring in over 5B year-over-year, personal finance management apps that rank#1 in over 27 countries and world's leading service for underbanked and unbanked individuals world-wide.
Profile
Line LinkedIn Company Profile
Social Media
Line Company Twitter Account
Company News
Line News
Facebook
Line on Facebook
YouTube
Line on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Akshay Krishnaiah
  Akshay Krishnaiah LinkedIn Profile  Akshay Krishnaiah Twitter Account  Akshay Krishnaiah News  Akshay Krishnaiah on Facebook
Chief Financial Officer
Sushmitha Gowda
  Sushmitha Gowda LinkedIn Profile  Sushmitha Gowda Twitter Account  Sushmitha Gowda News  Sushmitha Gowda on Facebook
Chief Technical Officer
Chandan Raj
  Chandan Raj LinkedIn Profile  Chandan Raj Twitter Account  Chandan Raj News  Chandan Raj on Facebook


 

 

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We do our best to report on every notable VC transaction. VC transactions reported here are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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