Coast Raises $35M to Expand Embedded Financial Platform for Physical Economy
Coast raised $35 million in growth equity funding on Oct 22, 2026, to expand its financial platform for fleet operators and field-service businesses. Thomvest Ventures led the round. New investors Intuit Ventures, Small World Capital, and Alpha Square Group joined alongside existing backers including ICONIQ Growth, Accel, Insight Partners, and Synchrony.
Coast plans to use the capital to invest in AI-powered expense automation, launch bill pay and accounts payable products, and deepen embedded partnerships with the fleet and field-service platforms its customers already use. The company started with a fuel card and has expanded into corporate cards, expense management, and bill pay for industries such as construction, HVAC, plumbing, and transportation. No valuation was disclosed.
- Demonstrates that embedded finance is expanding beyond consumer fintech into operationally complex physical-economy verticals
- Intuit Ventures' participation signals potential for deeper integration between SME accounting platforms and embedded financial tools