Financial tech start-up Sanlo recently announced it secured $3.5 million in an oversubscribed seed round of funding. This round of financing was led by Index Ventures and Initial Capital, with participation from LVP, Portag3 Ventures, and XYZ Venture Capital.
The organization said this money will be used to help generate team growth. Sanlo also revealed that it plans to go public later this year.
“Sanlo cracked the code to help mobile gaming and app companies reach maturity with a new level of speed, scale, and fiscal wellbeing,” Index Ventures partner Mark Goldberg said in a statement. “The company is building a very sophisticated fintech offering that will give those companies superpowers.”
Sanlo is a San Francisco-based financial technology company that was founded in 2020. The organization helps other businesses manage their finances and grow their capital.
(All information was provided by Sanlo, Tech Crunch, and Global Legal Chronicle)
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