What is Skeps?
Skeps operates as a specialized cloud-based modular platform designed to bridge the gap between merchants and lenders. By utilizing private blockchain technology, the company facilitates a secure and compliant exchange of data across disparate platforms. This infrastructure allows businesses to identify optimal credit solutions for their customers, significantly increasing conversion rates. Founded in 2018 and headquartered in New York with a significant operational presence in India, Skeps addresses the critical need for transparency and efficiency in the digital lending ecosystem. Its platform serves as a vital intermediary, ensuring that credit products are matched with the appropriate consumer profiles in real-time, thereby optimizing the entire transaction lifecycle for both merchants and financial institutions.
How much funding has Skeps raised?
Skeps has raised a total of $10.5M across 2 funding rounds:
Angel/Seed
$1M
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
Bertelsmann India Investments
Bertelsmann India Investments is a venture capital fund focused on early growth-stage tech startups, providing strategic support to companies in the fintech and edtech sectors.
Accel
Accel is a leading global venture capital firm that partners with exceptional founders to build world-class technology companies from the early stages through growth.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Skeps?
With the recent capital deployment, Skeps is well-positioned to accelerate its product roadmap and expand its footprint in the global fintech sector. The strategic focus will likely shift toward enhancing its blockchain-based data integration capabilities and scaling its merchant acquisition efforts. As the company matures, the emphasis will remain on maintaining high compliance standards while broadening its network of lending partners. The current funding context suggests that Skeps is preparing for further market expansion, potentially targeting new geographic regions or diversifying its credit solution offerings to accommodate a wider array of enterprise-level clients. The firm's ability to maintain its technological edge will be the primary driver of its long-term valuation and competitive advantage in the evolving digital credit market.
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