Swell Financial, a Boulder, CO-based fintech company, raised $10M in Series A funding.
The round was led by Park Cities Asset Management, LLC with participation from Elevate Credit and Central Pacific Financial Corp.
The company intends to use the funds to build a consumer line of credit that helps people manage cash flow and tackle debt.
Led by CEO Kevin Dahlstrom, Swell is the developer of the Swell App, which includes several features to help customers automatically control spending, tackle debt, and invest in exclusive private market opportunities.
The Swell App will be available to consumers in the Summer, 2022.
Following the Series A funding, Swell also announced its newly created Board of Directors:
- Kevin Dahlstrom, Founder & CEO, Swell Financial Inc.
- Paul Yonamine, Chairman & CEO, Central Pacific Financial Corp.
- Jason Harvison, CEO, Elevate Credit Inc.
- Chris Lutes, Chief Strategy Officer, Elevate Credit Inc.
- Alex Dunev, Managing Partner, Park Cities Asset Management
- Jay Bray, Chairman & CEO, Mr. Cooper Group (NASDAQ:COOP)
- Chris Powers, Founder & Chairman, Fort Capital, LP
FinSMEs
22/02/2022