Coast raises $92 million in new capital, partners with Visa to expand financial tools and software for modern business fleets
The company also secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.
- The company also secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.
- The fleet fuel payments on these specialized cards add up to a staggering $120 billion annually in the US.
- Coast, led by founder and CEO Daniel Simon, reimagines the fleet payments product category, enabled by mobile technology and state-of-the-art vehicle data and telematics.
- "Coast provides a strong financial product backed by powerful software for fleet-operating businesses, which allows it to attract very high-quality companies as customers," Foley said.