StageAcquired | Acquired
About Bold Financial Technologies
Bold Financial Technologies, formerly Yoyo Card, is dedicated to make the financial system more accessible. The company offers a secure and convenient solution for instant, frictionless transacting, all at no additional cost to the customer. In November 2016, Bold Financial Technologies was acquired by Airbnb. Terms of the transaction were not disclosed.
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Latest Bold Financial Technologies News
Feb 1, 2020
In November 2016, continuing its under-the-radar buying spree, Airbnb acquired Bold Financial Technologies, a startup that aimed to make international payments safer and more convenient, an Airbnb spokesperson confirmed to Business Insider. Bold, started in 2014 by Sean Safahi and Noah Spirakus, targeted clients like Airbnb, Uber, Lyft, and eBay that facilitate payments to lots of recipients, Safahi told the Phoenix Business Journal . Airbnb, whose platform had just surpassed two million listings earlier in 2016, had a growing need for managing payments to hosts across the globe. Airbnb did not disclose how much it paid for the company or what the terms were, though Safahi now works on "payments partnerships" at Airbnb, according to his LinkedIn profile. The domain for Bold's website now showcases a company called Velo Payments, which says it's "making the payouts process accurate, reliable and easy." Business Insider could not confirm whether there is any connection between the companies. Axel Springer, Insider Inc.'s parent company, is an investor in AirBnB. NOW WATCH:
Bold Financial Technologies Frequently Asked Questions (FAQ)
When was Bold Financial Technologies founded?
Bold Financial Technologies was founded in 2014.
Where is Bold Financial Technologies's headquarters?
Bold Financial Technologies's headquarters is located at 182 Howard Street, San Francisco.
What is Bold Financial Technologies's latest funding round?
Bold Financial Technologies's latest funding round is Acquired.
How much did Bold Financial Technologies raise?
Bold Financial Technologies raised a total of $2.17M.
Who are the investors of Bold Financial Technologies?
Investors of Bold Financial Technologies include Airbnb, Blumberg Capital and Ben Davenport.
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