Source: Fintech Global
Permit.io, a full-stack authorisation-as-a-service provider, has successfully closed a Series A funding round, amassing $8m.
This significant financial injection was spearheaded by Scale Venture Partners, with contributions from NFX, Verissimo Ventures, Roosh Ventures, Firestreak, 92712, and other incumbent investors. Notably, Scale Partner Eric Anderson is set to join Permit.io’s board of directors, further solidifying the partnership.
The company distinguishes itself by offering a no-code, future-proof solution aimed at streamlining the complex process of managing permissions and approvals across applications. This innovative approach effectively eliminates the need for extensive maintenance, dedicated personnel, and computational resources traditionally associated with authorization setups.
Eric Anderson, Partner at Scale Venture Partners, expressed his enthusiasm for the project. He said, “Permit fits a hole in the broader identity market we’ve been tracking for a long time. We like startups that build engineering services typically found only in big tech companies and offer them to everyone else. The Permit team has built a full stack solution that we’re excited to support and help grow.”
Read full article: https://fintech.global/2024/02/19/permit-io-secures-8m-in-series-a-for-revolutionary-authorization-service/
