Total amount raised
$700 Thousands
Latest funding date
10/1/2024
Location
Scale has raised funding through a Pre-Seed round, involving two investors: Sunny Side Venture Partners and 54 Collective. The company has had only one funding round so far.
Keep reading to explore the intricacies of Scale's fundraising journey and the investors backing this innovative platform.
What Is Scale?
Scale is a private company located in Dover, Delaware, United States. It operates in the industries of Digital Marketing, FinTech, and Payments. The company is currently in the Pre-Seed funding stage.
With a small team of 1-10 employees, Scale focuses on accelerating market entry and revenue for fintechs through a people-first approach.
How Much Funding Has Scale Raised?
- Pre-Seed Round
- Amount Raised: USD 700,000
- Date: October 2024
- Lead Investors: 54 Collective, First Circle Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into Kenya, Ivory Coast, and Zambia, and to address high costs and fraud issues in card issuance.
Total Amount Raised: USD 700,000. Current Valuation: Not publicly disclosed.
Key Investors
- 54 Collective
- Details: 54 Collective, formerly known as Founders Factory Africa, is an early-stage investor focused on supporting startups in Africa.
- Investment Focus Areas: Early-stage startups, African tech ecosystem.
- Notable Investments: Scale.
- First Circle Capital
- Details: First Circle Capital is a venture capital firm that focuses on early-stage investments, particularly in the fintech sector.
- Investment Focus Areas: Fintech, technology startups.
- Notable Investments: Not specified.
- Sunny Side Venture Partners
- Details: Sunny Side Venture Partners is an early-stage investor that participated in Scale's pre-seed funding round.
- Investment Focus Areas: Early-stage investments.
- Notable Investments: Not specified.
- Prominent Expert Angels
- Details: These are individual investors with significant expertise in the industry, contributing to Scale's funding round.
- Investment Focus Areas: Fintech, technology startups.
- Notable Investments: Not specified.
What's Next for Scale?
Scale's future looks promising as it plans to expand into Kenya, Ivory Coast, and Zambia. These markets offer significant opportunities due to the growing demand for digital payment solutions and the underbanked population. By leveraging its expertise in card-issuing enablement, Scale aims to help fintechs accelerate their go-to-market strategies and increase revenue.
As Scale demonstrates growth and market penetration, it is likely to attract further investment, potentially leading to additional funding rounds. This could help the company scale its operations and enhance its technology stack. However, navigating regulatory environments and competition from other fintech startups will be key challenges. Ensuring seamless integration with various banking and payment systems will also be crucial for success.
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