CINCINNATI (Cincinnati Business Courier) - A Cincinnati fintech that specializes in cannabis payments has raised millions of dollars in fresh capital as it looks to expand in a major way in 2025.
Spendr, billed as the first app to blend payments and rewards in the recreational and medical marijuana space, raised more than $2.7 million, according to a February Securities and Exchange Commission filing.
Founder and CEO Lucas Gould told me the funds largely came from existing individual investors. Spendr plans to follow with a Series A later this year; the recent raise is a bridge as it looks to accelerate its growth.