Email banking startup ActivePath pockets USD10m

Activepath secures funding

Interactive email company ActivePath, which allows clients to transact business and perform e-commerce activities from within their customers’ inboxes, has secured USD10m in Series B funding from Battery Ventures and GimV, along with existing investors Genesis Partners. The cash injection comes with an agreement from GimV partner Steven Coppens and Battery partner Scott Tobin to join the company’s board. 

Launched in October last year, the New York-based company’s ActiveMail product provides a secure channel between senders and recipients in interactive, transaction-enabled emails, opening the way for sensitive commercial activities such as banking. “Our unique technology is attracting attention and gaining adoption with banks, credit card issuers, ecommerce companies and other email senders in the Americas and EMEA,” says ActivePath CEO Renan Levy.

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