B9 Inc., a San Francisco, CA-based fintech startup, raised $1.7m in pre-seed funding round.
The company plans to use the funds to scale up with additional staff and technology investments, aiming to reach 100,000 customers by the end of 2021.
The company intends to use the funds to expand operations and its business reach.
Founded by CEO Sergei Terentyev, B9 is a fintech company that offers a full suite of app-based financial services to “unbanked” workers in the U.S. who are underserved by traditional banks, often first- and second-generation immigrants. B9 offers interest-free payroll advance options, a free virtual VISA® debit card linked to Apple Pay for secure online or offline shopping, the ability to send cash to family in the U.S. and abroad, pay bills with the app and get additional cards for family members. Banking services are provided by BAAS Corporation banking partner, Evolve Bank & Trust, Member FDIC. B9 Account℠ is provided by, and B9 Visa® Card, issued by Evolve Bank & Trust, Member FDIC.