Wells Fargo (NYSE:) Strategic Capital, the venture arm of the fourth-largest bank in the U.S., is contributing $5 million to Elliptic’s Series B funding round. According to a Feb. 13 press release, the investment will help the company build products for large financial institutions.
The latest investment brings Elliptic’s Series B raise to more than $28 million. Previous investors include Japan’s SBI Group and Santander (MC:) InnoVentures, an investment branch of the Spanish bank.
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