The Beans, a San Francisco, CA- and Atlanta, GA-based financial technology startup, raised $2M in funding.
The round was led by Precursor Ventures with participation from Relay Ventures, One Planet VC, Swing Ventures, Oxford Angel Fund, with participationn from a group of notable angel investors.
The company intends to use the funds to expand operations and its business reach.
Led by CEO and Founder Melissa Pancoast, who previously founded Comet Labs VC, a venture capital fund that invests in AI companies like Ripcord, IronOx, and airmap, The Beans is a financial wellness company that automates financial planning and keeps members on track through proactive behavioral nudges. The app is available for iOS through the App Store.
Pancoast is a former researcher in the University of Oxford’s Centre for Evidence-Based Interventions. There, she developed the Economic Strengthening program that has been effective in reducing financial stress and abuse in families and rolled out by the CDC, World Health Organization, and the United Nations to 77 million families around the world as part of the emergency response to Covid-19.
FinSMEs
05/06/2021