Self Financial, an Austin, Texas-based fintech startup enabling consumers to build credit and savings, closed a $40m round of Series D financing.
The round, which brings total funding raised to date to $77m, was led by Meritech Capital with participation from its existing investors, including Altos Ventures, Conductive Ventures and Silverton Partners.
The company intends to use the funds to accelerate growth and its business reach.
Led by CEO James Garvey, Self provides tools for its customers geared toward building positive behaviors (such as on-time payment history and responsibly using credit) and long-term success, working in partnership with its issuing banks. With the Self Credit Builder Account consumers simultaneously tackle both credit and savings without requiring a hard credit inquiry or credit history. The Self Visa® Credit Card is a secured credit card that doesn’t require a credit check and provides existing customers the ability to build their security deposit in installments rather than a large upfront deposit. In 2020, the company has seen its active customer base rise 250% and its employee count increase from 50 to 115.
FinSMEs
19/12/2020