Clarity Money, a NYC-based personal finance app, raised $11m in Series B funding.
The round was led by RRE Ventures and Citi Ventures with participation from existing investors Bessemer Venture Partners, Soros Capital, RRE Ventures and Maveron Ventures.
The company intends to use the funds to continue to expand its customer care.
Led by founder and CEO Adam Dell, who has started several companies, including MessageOne, which was acquired by Dell (DVMT), and Buzzsaw, which was acquired by Autodesk (ADSK) and invested in a number of early stage companies including OpenTable (PCLN), Ingenio (T), Greenplum (EMC) and HotJobs (YHOO), Clarity Money provides a personal finance management app which uses artificial intelligence and data science to enable consumers to make better financial decisions and get the most from their money.
The app’s features allow users to cancel and lower bills, get a better credit card, create a savings account and manage their finances, all from within the app.
Since its launch in January 2017, Clarity Money has analyzed over $10 billion in transactions for customers, and has saved, on average, $300 per customer, according to a note.