IQcard offers prepaid VISA and Mastercard cards that serve individuals and businesses without the need to open a bank account. Its card product supports family budgeting, parental control for a child’s first card, financial education, safer internet purchases, travel spending, payments for goods and services, money transfers, loan access and participation in bonus and coupon programs. The company is led by CEO Catherine Konovalov and is based in Moscow, Russia. IQcard raised $3.7M in a Series B to support its growth. The company intends to use the funds to develop services, expand opportunities for B2B partners, continue current promotions and launch new projects with large retail chains. It also plans to enter new markets using the proceeds.

Total raised

$4M

Funding rounds

1

Latest round

Series B

Latest activity

Dec 2013