# Pngme

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pngme

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.pngme.com
- Total disclosed funding: $20M
- Latest round: Series A (Jul 27, 2021)
- Investors on record: 12

## About

Pngme, Inc. is a data infrastructure company focused on enhancing financial ecosystems in emerging markets by providing actionable insights through its innovative platform.Founded in 2018 and headquartered in San Francisco, US, Pngme, Inc. specializes in financial data aggregation for institutions in emerging markets. The company has executed four deals, with the latest being a Series A funding round in November 2021. Its founder, Cate Rung, has a history of entrepreneurial endeavors within the tech space. Pngme has raised a total of USD 17.29 mn, achieving a current valuation of USD 66.10 mn.Pngme's primary offerings revolve around its data infrastructure platform designed specifically for financial institutions and enterprises operating in emerging markets. The platform aggregates and operationalizes financial data, providing actionable insights that enhance credit scoring, customer segmentation, and personalized financial services. Key products include Universal Data Ingestion (UDI), Automated Feature Building, and the Insights Generator, serving clients across seven emerging markets, including Nigeria, Kenya, Ghana, India, Uganda, Zambia, and Sri Lanka.Pngme generates revenue through a subscription-based model, allowing clients to access its suite of tools aimed at enhancing financial data utilization. The model primarily serves B2B clients, facilitating integration of Pngme's technology into their operations. By subscribing, clients can improve their credit scoring and risk assessment processes, with pricing plans tailored to their specific needs.Following the Series A funding round on November 5, 2021, Pngme plans to leverage the capital to expand its financial data platform. The company is working on new product developments to enhance its offerings and is targeting expansion into additional emerging markets. The rationale for recent funding is to support this growth initiative, further establishing Pngme's presence in the digital finance landscape.

## Funding rounds

- Series A, Jul 27, 2021, $17M — Raptor Capital Management, EchoVC Partners, Unshackled Ventures, Octopus Investments, Two Small Fish Ventures, Lateral Frontiers, Aruwa Capital Management, 51 Ventures, Future Africa
- Seed, Aug 1, 2020, $3M — Raptor Capital Management, EchoVC Partners, Radical Ventures, Two Small Fish Ventures, Lateral Frontiers, Kepple Africa Ventures, Aruwa Capital Management, Rally Cap

## Investors

- Raptor Capital Management (https://capitalatlas.ai/funds/raptor-capital-management) — Seed, Series A
- EchoVC Partners (https://capitalatlas.ai/funds/echovc-partners) — Seed, Series A
- Radical Ventures (https://capitalatlas.ai/funds/radical-ventures) — Seed
- Two Small Fish Ventures (https://capitalatlas.ai/funds/two-small-fish-ventures) — Seed, Series A
- Lateral Frontiers (https://capitalatlas.ai/funds/lateral-frontiers) — Seed, Series A
- Kepple Africa Ventures (https://capitalatlas.ai/funds/kepple-africa-ventures) — Seed
- Aruwa Capital Management — Seed, Series A
- Rally Cap (https://capitalatlas.ai/funds/rally-cap) — Seed
- Unshackled Ventures (https://capitalatlas.ai/funds/unshackled-ventures) — Series A
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Series A
- 51 Ventures (https://capitalatlas.ai/funds/51-ventures) — Series A
- Future Africa — Series A