Fintech Startup Sequent Secures $16 Million

Sequent announced it has raised $16 million in Series C financing. Four investors contributed to the round: TIS, Opus Capital, SBT Venture Capital, and Jado Investments.

Sequent enables banks, transit agencies, access control providers and other card issuers securely to digitize their credit, debit, transit, loyalty, or ID cards, distributing them using the Sequent Platform. Sequent’s simple APIs empower the app developer community to bring cards to apps on mobile, wearable, and other connected devices, enabling consumers to make payments, redeem offers, open doors, and ride transit systems.

According to the company, the recent investment will fund enhancements to the company’s core products and continued growth of its growing global network of partners.