Receives $9M Growth Capital, a Santa Monica, CA-based online financial services provider, received a $9m growth capital facility.

Backers included Columbia Pacific Advisors‘ Growth Capital strategy and Fenway Summer Ventures.

The company intends to use the funds to expand its customer base.

Led by Ben Katz, CEO and co-founder, provides accounts that enable customers to instantaneously deposit funds through their mobile device, with no hidden fees or overdraft charges.
Customer funds are directly held at a bank, Member FDIC, and customers access the funds through a debit payment card that has thousands of available designs, including Sesame Street, Shrek (DreamWorks Animation), Family Guy (Fox), and more.



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