LNKD /pulse/mudflap-has-processed-billions-without-single-state-money-wheeler-sd89c
A company that has processed an estimated $8.5 billion in cumulative gross payment volume with a current estimated annual run rate of more than $2.5 billion holds no money transmission license anywhere in the United States and has never registered with the federal government as a money services business.
Mudflap has raised approximately $75 million in venture capital from QED Investors, 9 Yards Capital, Matrix Partners, Commerce Ventures, and NFX. It has been named to the Forbes Fintech 50 list. It's not a pre-seed startup operating out of someone's garage.