Coast has developed expense management software for fleet operators and their employees, akin to companies like Ramp and Brex. The startup's commercial charge card tailored for businesses with vehicle fleets has led to substantial growth in revenue and payment volume.
Thousands of businesses in service industries such as HVAC, plumbing, landscaping, pest control, government fleets, and long-haul trucking are Coast's customers, utilizing over 100,000 fleet cards ranging from a few to over 1,000.
ICONIQ Growth led the Series B funding along with existing backers like Accel and Insight Partners, showcasing confidence in Coast's potential. Synchrony's undisclosed strategic investment aligns with Coast's partnerships in the automotive sector.
#coast-startup #series-b-funding #expense-management-software #commercial-charge-card #financial-services
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