United States · Financial services startup

Kafene

Kafene is a fintech company based in New York, founded in 2019.

Funding reportedLast round: Debt financing

Financial servicesNew York, United States

About Kafene

Kafene is a fintech company based in New York, founded in 2019.

It offers a digital point-of-sale financing platform that enables merchants to provide flexible lease-to-own (LTO) and interest-free buy-now-pay-later (BNPL) options. The company focuses on serving underserved and underbanked consumers, allowing them to access financing without relying on traditional credit history. Kafene's platform features instant underwriting, utilizing over 20,000 data points along with artificial intelligence and machine learning to assess risk and approve customers quickly. The company partners with thousands of merchants across various sectors, including furniture, electronics, and jewelry, helping them expand their customer base. Kafene operates nationally in the United States and is committed to transparency and speed in its financing solutions.

What company datasets say Kafene raised

Funding, as reported

Reported in all$150Min dollars
Rounds8
Last roundDebt financing
Last round size$15M
Last round dateJan 2024
Investors listed17
SEC Form D$42M sold, 3 filings, last Aug 2023

Founders and team

From the SEC filings it signed: 1 on the team.

  • Neal DesaiExecutive Officer, Directori

On the board, as filediKeith HamlinWesley Barton

On 5 portfolio pages

Investors who name them

Each firm lists Kafene on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

underbanked consumer financingcustomer satisfactionbuying power enhancementcustomer approval processconsumersretail sector focusretail integrationreserveunderbanked consumer accessinstant approvalbroad credit profile acceptanceretail lease approval speedno credit checkimmediate purchase optionsretail customer credit accessrisk profile tailoring

Built with from their website

Amazon SESGoogle Tag ManagerAmazon CloudFrontWordPress.orgHREF LangAtlassianKlaviyoGoogle WorkspaceCloudFlareViewport Meta

+8 more

CookieYesAmazon Simple Email ServiceHubspotWebflow HostingOpenAIGoogle MeetFive9 Intelligent Cloud Contact Center PlatformCloudFlare CDN

Sector
Financial services
Industry code
NAICS 52232, 522220, SIC 7389
Region
New York
Revenue
$6.5M a year, as listed
Full record
Every detail in the company directory

Financial services in United States

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