Amazon-Backed Fintech Startup ToneTag In Talks To Raise $50 Mn

Amazon-backed fintech startup ToneTag is in talks to raise $50 Mn to fuel its growth and expansion plans. ToneTag, which specializes in sound-based contactless payment solutions, aims to use the funds to enhance its technology and expand its market presence. The startup has already raised significant capital from investors, including Amazon and Mastercard, and is looking to leverage this new funding to accelerate its growth trajectory. ToneTag’s technology enables secure and seamless transactions using sound waves, making it a pioneer in the contactless payment space. The company plans to expand its services to new markets and enhance its product offerings to cater to a broader audience.