# Virtudent

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

- Industry: Healthcare Specialists
- Headquarters: Newton, US
- Website: www.myvirtudent.com
- Total disclosed funding: $8M
- Latest round: Series A (Jul 1, 2018)
- Investors on record: 3

## About

Virtudent, Inc. is a financial services company that specializes in credit card cash conversion, enabling customers to quickly access cash using their credit card limits as collateral for immediate needs.Founded in 2014 in Newton, US, Virtudent, Inc. focuses on providing cash conversion services via credit cards. The company has successfully raised a total of USD 8.00 mn in funding, with the most recent round being a Series A in July 2018, led by .406 Ventures alongside Sparta Group and SpringRock Ventures. Hitesh Tolani, the founder, has an established history in the financial services sector.Virtudent specializes in credit card cash conversion services, offering customers various options to convert their credit card limits into cash. They facilitate transactions through numerous credit card brands, allowing users to quickly access cash against their credit cards. This service primarily caters to individuals in Japan, addressing urgent liquidity needs while also providing support for post-payment applications.Revenue generation is achieved through service fees associated with cash conversion transactions. Customers engage in direct transactions by submitting their credit card information to receive funds after a verification process, with the company retaining a percentage as its fee. The operational model emphasizes immediate cash delivery, maintaining high customer satisfaction and transparency in conversion rates, although specific pricing details are not disclosed.Following the Series A funding round in July 2018, Virtudent, Inc. aims to utilize the USD 8.00 mn raised to enhance its service offerings and expand its market reach. The company plans to introduce new products and services tailored to address client needs more effectively. Additionally, there are intentions to expand into further geographic markets, specifically targeting growth in areas where demand for credit card cash conversion services is rising.

## Funding rounds

- Series A, Jul 1, 2018, $8M — .406 Ventures, Sparta Group, SpringRock Ventures

## Investors

- .406 Ventures (https://capitalatlas.ai/funds/406-ventures) — Series A
- Sparta Group — Series A
- SpringRock Ventures (https://capitalatlas.ai/funds/springrock-ventures) — Series A