CI made the investment via its Pre-Seed Fund. Individual investors also participated.
The company will use the funds to advance its product and partnership development efforts.
Cashpath Financial uses cash flow management (CFM) technology, predicts customers’ future expenditures, to actively guide people to positive daily financial outcomes. The company’s first product is a CFM mobile app that works with most bank accounts and shows customers how much discretionary money they can spend each day, week and month.
It has established partnerships with several financial services companies that will market Cashpath’s app to their customers.