HMBradley, a Santa Monica, CA-based digital banking platform built to reward savers, raised $18.25m in Series A funding.
The round was led by Acrew Capital.
The company intends to use the funds to ramp its credit program and continue expanding offerings built around consumer needs, grow its team with talent to create the best possible customer experience.
Founded in 2019 by Zach Bruhnke, CEO, HMBradley provides a digital banking platform for savers, which rewards everyone, regardless of income, for developing positive financial habits. Additionally, the HMBradley Credit Card, which was introduced in July, offers consumers 3% cash back for purchases in their highest spending category, 2% for the next highest category, and 1% for all additional charges, automatically adapting each cycle to how customers spend their money. Furthermore, because it is linked to a customer’s digital bank account that combines both checking and saving features, it helps yield up to 3.5% APY on deposits. When paired with an HMBradley deposit account, this helps account holders maximize savings and rewards to meet their financial goals.