Austin based FinTech startup Self, announced that it has raised $20 million round of Series C financing, co-led by Altos Ventures and Conductive Ventures.
The company is planning to use the funding to accelerate its growth by adding additional members to the team and investing in marketing and product development to improve customer success.
Self is one of several startups taking aim at the nearly 100 million Americans who have a credit score of 600 or lower or are unscorable because of a lack of information.
“Our goal from the beginning was to create a mission-driven company that gives the power back to consumers and helps them achieve their financial goals. We’re thrilled that with Conductive Ventures’ investment, and the continued support from Altos Ventures and our ongoing investors, we can impact so many more consumers on their journey to financial wellness and stability,” said James Garvey, founder and CEO at Self.
“Self inspires us with their dedication to helping consumers take control of their financial future. Today, it’s imperative to be aligned with partners with a shared vision that is meaningful and delivers change for the greater good,” said Paul Yeh of Conductive Ventures.
“In every interaction, we’ve had with James and his team, we were impressed by their caliber, vision, and most importantly, their mission-driven values. We are very excited and looking forward to Self’s continued success,” said Carey Lai of Conductive Ventures
Self formerly known as Self Lender is a Venture-backed FinTech that offers a credit-builder account as their mission to help people build credit. The account allows the user to choose the payment term and the amount.