Relief, a Miami, FL-based personal finance startup, raised $15M in Series A funding.
The round was led by Nava Ventures and includes a range of strategic investors, including Ken Chenault, former CEO and Chairman of American Express; Vikram Pandit, former CEO of Citigroup and The Kraft Group, Interplay, Animal Capital, Necessary Ventures, and Brand Foundry Ventures, among others.
The company intends to use the funds to strengthen its platform and scale to support its growing waitlist of over 100,000 people.
Founded by Jason Saltzman, Bryan Okeke, and Ram Berrouet – three seasoned entrepreneurs with deep market knowledge in advanced technology, finance, and executive leadership, Relief provides an app to help users lower their debt. It uses a personalized approach with advanced machine learning technology to negotiate with debt providers after analyzing a user’s personal finances and can cut credit card debt in half or more on behalf of the user.
The company expects to release the app to the public later in 2022.
FinSMEs
20/02/2022