Philippines-based credit card startup Zed has raised $16.5M in a Series A round led by Silicon Valley-based investor Accel. This marks a key milestone in expanding credit access across the country and the Southeast Asian region. (L-R: Kathryn Vitug, Matthew Bernardo, Steve Abraham, Danielle Cojuangco Abraham, Matthew Steinpreis.)
Zed, the credit card startup reinventing banking for the next generation of Filipinos, today announced it has raised US$16.5 million in Series A funding led by Accel, the top-tier venture capital firm known for backing industry-defining companies like Facebook, Spotify, Slack, and Dropbox.
