Privacy.com, a virtual card platform that provides secure payments for businesses and consumers, announced on Monday it secured $10.2 million through its Series A funding round, which was led by Teamworthy Ventures with participation from Tusk Venture Partners, Index Ventures, Quiet Capital, Exor Seeds and Rainfall Ventures.
Privacy.com reported it is on a mission to protect users’ privacy online. The company noted its team builds easy to use online privacy and security technology for everyday users.
“We believe that you shouldn’t have to sacrifice convenience for privacy and security.”
Speaking about the company’s development, Bo Jiang, CEO of Privacy.com, stated:
“Many existing payment processors espouse being developer-first, but their solutions still take months to build, cost thousands of dollars, and require customers to sign an NDA before sharing pricing. We decided to build the most efficient, transparent, and easiest way to issue virtual cards. Privacy.com makes it possible to issue a virtual card in hours and provides all the pricing upfront, making it friendlier for developers everywhere.”
Privacy.com further noted that the new funding will fuel the expansion of the Privacy’s Card Issuing API, which is a developer-friendly service for businesses of all sizes to issue and manage virtual and physical cards for all their payment needs, including procurement, expense reimbursement, disbursement automation, on-demand services, digital banking, and agency services.
