Zed Secures $16.5M Series A from Storied Silicon Valley Investor Accel

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.

PH start-up makes it to elite roster of Silicon Valley babies

Manila, Philippines—Kalibrr, a Philippine tech start-up, recently joined the ranks of successful companies like AirBnB, Reddit, Dropbox, Scribd and 9-gag, which were initially funded by Silicon Valley venture firm, Y-Combinator. Headed by University of California-Berkeley alumni, Paul Rivera and Dexter Ligot-Gordon, Kalibrr is a cloud-based job-matching platform, which makes online recruitment not only faster and smarter, but also more reliable.