Pebble acquires $6.2m in new capital

Pebble, an Indonesian finance firm, recently announced a $6.2 million fundraising round led by multiple venture capitalists.

Y Combinator, East Ventures, Lightshed Ventures, LD Capital, Soma Capital, Cadenza Capital, Eniac Ventures, and Global Founders Capital sponsored the firm, which developed the first app that rewards users to save, edit, and transmit money in one digital wallet.

The fundraising round included NFL sensation Odell Beckham Jr., Muse lead singer Matthew Bellamy, Quantstamp CEO Richard Ma, and Alt Leore Avidar CEO Leore Avidar.

“Pebble was founded to introduce a new standard to personal finance,” says Sahil Phadnis, co-founder and Chief Technology Officer of Pebble. Users can receive 5% Annual Percentage Yield Rewards on their money and unlimited 5% cashback at Pebble’s 55 connected retailers using Pebble’s digital wallet. Amazon, Domino’s, Airbnb, Adidas, and others are among them. They’ve also teamed up with Mastercard to create a stylish debit card for each customer.

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

Contact us