Tako is emerging from stealth with a sizable $13.2 million seed round co-led by Ribbit Capital and Andreessen Horowitz. The round also included ONEVC and the founders of Ramp. Gadotti said the company plans to put the majority of capital toward research and development in addition to doubling or tripling headcount on its R&D team.
There are a lot of potential areas that Tako could expand into in the future, like the vast world of employee benefits. Gadotti said the company does plan to expand as it grows into building more features like instant payments.