TomoCredit has secured $7m in a new financing round

US-based credit card company TomoCredit has secured a $7m cash injection.

KB Investment, Barclays, Knollwood Investment Advisory, BAM Ventures, Passport Capital, Ulu Ventures and Strong Ventures backed the raise, according to Crowdfund Insider.

TomoCredit is positioning itself as an alternative for young adults, international working professionals, students, and immigrants looking to build a better financial future in the US.

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