Consumer payments startup Braid, backed by Index and Accel, shuts down
Braid, a four-year-old startup that aimed to make shared wallets more mainstream among consumers, has shut down. Founded in January 2019 by Amanda Peyton and Todd Berman (who left in 2020), San Francisco-based Braid set out to offer friends and family an FDIC-insured, multi-user account that was designed to make it easy “to pool, manage and spend money together.” Braid raised a total of $10 million in funding “over multiple rounds” from Index Ventures, Accel and others, according to Peyton’s LinkedIn page.
Source: yahoo.com