Skeps Funding: How Much Did They Raise & Key Investors

How Much Did Skeps Raise?
Funding & Key Investors

Skeps, a prominent player in the fintech infrastructure space, has successfully secured significant capital to accelerate its market expansion. The company has reached a total valuation milestone represented by $10.5M, bolstered by a recent strategic investment of $9.5M. This influx of capital underscores investor confidence in the firm's unique approach to credit decisioning and merchant-lender connectivity within the digital economy.

The funding trajectory, which began with early-stage backing, has evolved into a major enterprise-level financing round. By leveraging this latest injection of resources, Skeps is well-positioned to scale its operations and enhance its proprietary technology stack, ensuring it remains at the forefront of the rapidly digitizing financial services sector.

What is Skeps?

Skeps

Software

Financial Software

Business Intelligence (BI) Software

Founded in 2018, Skeps operates a sophisticated cloud-based modular platform designed to optimize the credit application process for both merchants and lenders. By utilizing private blockchain technology, the company facilitates a secure and compliant exchange of data across disparate platforms, significantly increasing the likelihood of conversion for credit solutions. Headquartered in New York with a robust operational presence in India, Skeps addresses the critical need for seamless integration in the lending ecosystem. Its platform serves as a bridge, enabling businesses to offer tailored financial products to their customers with precision and efficiency, thereby reducing friction in the consumer credit lifecycle.

How much funding has Skeps raised?

Skeps has raised a total of $10.5M across 2 funding rounds:

2019

Angel/Seed

$1M

2021

Series A

$9.5M

Angel/Seed (2019): $1M with participation from Accel

Series A (2021): $9.5M led by Accel and Bertelsmann India Investments

Key Investors in Skeps

Accel

A premier global venture capital firm known for backing transformative technology companies from their earliest stages through to IPO.

Bertelsmann India Investments

Bertelsmann India Investments (BII) is a venture capital fund focused on early growth-stage tech startups across various sectors including healthtech, fintech, agritech, and edtech.

What's next for Skeps?

With the successful closure of its recent financing, Skeps is poised to enter a new phase of aggressive growth. The strategic focus will likely center on expanding its merchant network and deepening its integration capabilities with major financial institutions. As the demand for embedded finance continues to rise, Skeps is strategically positioned to capitalize on the shift toward decentralized and secure data processing. Future initiatives will likely involve scaling its engineering teams and enhancing its blockchain-based infrastructure to support higher transaction volumes, ultimately solidifying its role as a critical utility in the global fintech landscape.

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