Zurich-based Yokoy, a fintech scale-up that offers an all-in-one global spend management platform, announced on Tuesday that it has raised $80M (nearly €72.45M) in its Series B round of funding. The company has now raised total funding of over $107M to date.
In October, 2021, Yokoy had raised $26M in a Series A round led by US investor Left Lane Capital that also saw participation from Balderton Capital.
Investors in this round
The Series B round was led by Sequoia Capital with participation from Speedinvest, Visionaries Club and Zinal Growth. Existing investors Balderton Capital, Six FinTech Ventures, Left Lane, Swisscom Ventures, and well-known business angels also participated.
Matt Miller, Partner at Sequoia Capital, says, “Businesses across Europe are looking for more efficiency and automation as they work to manage their spending. Many solutions have emerged that are card-centric and only answer one piece of this puzzle. Yokoy is distinctly the only software-first company that brings a complete spend management solution to its customers, using automated processes and including cards. This approach evidenced itself in spectacular customer feedback and impressive growth. We are excited to partner with Yokoy.”