One, a Sacramento, Calif.- and San Francisco, based financial technology company, raised $40m in Series B funding.
The round was led by Progressive Investment Company, with participation from Obvious Ventures, Foundation Capital, and Core Innovation Capital and others.
The company intends to use the funds to accelerate customer growth, scale the internal team, and expand its product offerings.
Led by CEO Brian Hamilton, One is a financial technology company which provides families and individuals with an account combining saving, spending, sharing, budgeting, and borrowing. Since making its product generally available in September of 2020, the company has enhanced its core product offering, launching overdraft protection, an Auto-Save feature that rewards automatic savings contributions at 3.00% APY, cash flow-based Credit Lines that enables borrowing as low as 12% APR, and a Credit Builder product.
Banking services provided by Coastal Community Bank, Member FDIC.
FinSMEs
19/08/2021