Wednesday, February 1, 2017

Qvivr Finds $5M For Smart Wallets

Santa Clara-based Qvivr, a developer of "smart wallet" products, said Tuesday that it has raised $5M in a Series A funding round. The funding was led by Khosla Ventures, and also included un-named, multinational banks based in Asia. Qvivr is led by founder and CEO Ashutosh Dhodapkar. The company said the funding goes towards sales and product development, as well as expansion into new markets. The company's "smart wallet" is aimed at millennials.