Fintech
Fintech Startup Coast Raises $40M in Latest Funding Round
July 19, 2024
Written by FinTech Alliance in Financial Technology
Coast, a fintech startup known for its innovative fleet and expense management solutions, has secured $40 million in its latest funding round. The new influx of capital comes just four months after the company raised $25 million, underscoring investors’ confidence in Coast’s growth and business model.
The funding round was led by Accel, with participation from existing investors Insight Partners and Greycroft. Coast plans to use the funds to enhance its platform, expand its team and accelerate its market presence, aiming to disrupt the fleet management industry with more efficient and cost-effective solutions.