8.6 C
New York
Thursday, September 24, 2020
Home News Credit-building "Self" Raises $20M in Series C Funding!

Credit-building “Self” Raises $20M in Series C Funding!

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.

Related: Immigrant Credit Access? Nova Credit raised $50M

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.

James Garvey, Self CEO

“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.

Related: Ally Financial will buy CardWorks and it makes a $2.65 billion deal

“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.

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

TransferWise reports 70% revenue growth and a 4th straight year of profitability

Annual revenue at TransferWise grew to £302.6 million, the company. These results show a net profit after tax of £21.3 million for fiscal year ending March 2020.

“Mitto helps its users to save money while saving the planet,” says Marcos Cuevas, the company’s co-founder and CEO

Mitto is a Barcelona-based debit card/finance app and it is mainly a sustainability-focused product that has raised €2M from Athos Capital and others. Mitto has a live crowdfunding campaign on Crowdcube in which the company has already raised £500,000.

Allica Bank is launching a £100m funding round

Allica Bank has already closed a £26 million investment and now is launching a new £100 million funding round to meet the current high levels of demand for its services.

Dutch challenger bunq plants 1,000,000 trees on Madagascar

Amsterdam-based digital bank bunq offers an option to plant a tree for every 100€ spent with their SuperGreen premium account. Now they planted 1,000,000 trees.