Footprint Raises $13M for User Onboarding Tech Development and Expansion

Footprint Raises $13M in Series A Funding

Footprint Raises $13M in Series A Funding

Key Highlights:

  • Series A Funding: Footprint, a technology company specializing in user onboarding for banks, marketplaces, and fintechs, raised $13 million in Series A funding.
  • Investors: The funding round was led by QED Investors, with participation from existing investors Index Ventures, Lerer Hippeau, Operator Partners, BoxGroup, Palm Tree Capital, Definition, and new investors Neo and Animal Capital.
  • Development Expansion: The funding will be used to support the company's ongoing development efforts.

Footprint's Target Market

  • Financial Institutions: Banks and other financial institutions seeking streamlined user onboarding processes and enhanced security measures.
  • Fintech Companies: Startups and established fintech companies looking to automate consumer onboarding and reduce identity fraud.
  • Marketplaces: Online marketplaces that require efficient and secure user onboarding for their platform.

What Footprint Needs to Buy

  • Technology Development: Investments in research and development to enhance and expand their user onboarding platform.
  • Partnerships and Integrations: Collaborations with banks, marketplaces, and fintech companies to integrate Footprint's technology into their systems.
  • Marketing and Sales Support: Resources to promote and sell Footprint's user onboarding solutions to target customers.