Lively, Inc., a San Francisco, CA-based health savings account creator and provider, raised $4.2M in funding.
Investors include Streamlined Ventures, Transmedia Capital, Y Combinator, SV Angel, PJC, The Durant Company (Kevin Durant & Rich Kleiman), Liquid 2 Ventures (Joe Montana), Haystack Partners, Paul Buchheit (creator of Gmail), Isaac Oates (Founder & CEO of Justworks), Frederic Kerrest (Co-founder of Okta), and Jeff Epstein (former CFO of Oracle), among others.
The company intends to use the funds to expand its HSA offering and increase long-term HSA value for its users.
Led by Alex Cyriac, Co-Founder & CEO, and Shobin Uralil, Co-Founder & COO, Lively is a modern Health Savings Account (HSA) platform for employers and individuals. The user-centric solution enable easy sign-up, payroll syncing, paperless account management, and transparent pricing.
Lively, whose HSAs work alongside HSA compatible health insurance plans, also announced the introduction of investment capabilities through an integration with TD Ameritrade Institutional’s Self-Directed Plan Services platform.
The investment feature allows users to grow their health savings and generate financial returns over the long-term.
Lively also offers:
– An online dashboard
– investment performance reporting
– Automated transfers or withdrawals with no phone calls required.