# Kafene: Financial services, New York, United States

> Kafene: Kafene is a fintech company based in New York, founded in 2019. Based in New York, United States. Founded 2019.

Source: https://millionrounds.com/startup/kafene (Millionrounds; every figure on the page links to its filing or article)

United States · [Financial services startup](https://millionrounds.com/companies)

# Kafene

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

Funding reported Last round: Debt financing

Financial services New York, United States

Company summary

- **Founded:** 2019 7 years old
- **Team:** 150 51 to 200 people
- **Funding reported:** $150M in dollars
- **Last round:** Debt financing Jan 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Kafene has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 **$150M** in dollars

Rounds **8**

Last round **Debt financing**

Last round size **$15M**

Last round date **Jan 2024**

Investors listed **17**

SEC Form D **$42M sold, 3 filings, last Aug 2023**

## Founders and team

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

- **Neal Desai** Executive Officer, Director i

On the board, as filed i *Keith Hamlin* *Wesley Barton*

## On 5 portfolio pages

Investors who name them

- [Third Prime](https://millionrounds.com/fund/third-prime)
- [Mancora Ventures](https://millionrounds.com/fund/mancora-ventures)
- [Flucas Ventures](https://millionrounds.com/fund/flucas-ventures)
- [Company Ventures](https://millionrounds.com/fund/company-ventures)
- [Founders First](https://millionrounds.com/fund/founders-first-3)

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 financing customer satisfaction buying power enhancement customer approval process consumers retail sector focus retail integration reserve underbanked consumer access instant approval broad credit profile acceptance retail lease approval speed no credit check immediate purchase options retail customer credit access risk profile tailoring

Built with from their website

Amazon SES Google Tag Manager Amazon CloudFront WordPress.org HREF Lang Atlassian Klaviyo Google Workspace CloudFlare Viewport Meta

+8 more

CookieYes Amazon Simple Email Service Hubspot Webflow Hosting OpenAI Google Meet Five9 Intelligent Cloud Contact Center Platform CloudFlare 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](https://millionrounds.com/directory/kafene)

## Financial services in United States

Startups like it

- [**Kalshi** New York · founded 2019 *Raised*](https://millionrounds.com/company/kalshi)
- [**Temporal** founded 2022 *Raised*](https://millionrounds.com/company/temporal)
- [**Vestwell** New York · founded 2016 *Raised*](https://millionrounds.com/company/vestwell)
- [**C2FO** Kansas City · founded 2008 *Raised*](https://millionrounds.com/company/c2fo)
- [**Yieldstreet** New York · founded 2015 *Raised*](https://millionrounds.com/company/yieldstreet)
- [**Flutterwave** San Francisco · founded 2016 *Raised*](https://millionrounds.com/company/flutterwave)
- [**Corgi** San Francisco · founded 2024 *Raised*](https://millionrounds.com/company/corgi)
- [**Alpaca** San Mateo · founded 2017 *Raised*](https://millionrounds.com/company/alpaca)

## Is this your company?

Add your raise, your deck and your story, and put Kafene in front of investors. Or tell us what we have wrong.

[List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)