Achieve Financial Services Closes $12.5M Financing
Achieve Financial Services, LLC, an Austin, Texas-based marketer of general-purpose reloadable (GPR) prepaid debit cards and related financial services, has closed a $12.5m debt and Series B equity financing.
The round was led by Escalate Capital Partners, with participation from existing institutional investors.
The company intends to use the proceeds to to expand its customer growth efforts.
Founded in June 2009 and led by President Sam Reed and Chairman Brett Cravatt, AchieveCard, AchiveCard markets general-purpose reloadable (GPR) prepaid debit cards and related financial services to underbanked consumers in the United States.