SoftBank in $19.5m in Splyt series-B

Other investors included American Express Ventures, the strategic investment group of American Express.

SoftBank's Vision Fund held a first close on $93bn in 2017 and invests in technology companies around the world. Its portfolio companies include Uber, Arm and WeWork. SoftBank is currently fundraising for SoftBank Vision Fund II, which has a $108bn target.

Daichi Nozaki, SoftBank vice-president and head of the global business division, will join Splyt's board of directors.

Previous funding
Splyt received seed funding of around $7m from undisclosed sources between 2015 and 2016.

The company raised $8m in a series-A funding led by ride hailing app Grab in July 2019.

Company
Splyt, which has 50 employees, connects travel platforms, wallets and mobility apps. It was founded in 2015 and is based in London.

People
SoftBank – Ken Miyauchi (president, CEO).
Splyt – Philipp Mintchin (co-founder, CEO).

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