Onuu, an Austin, TX-based provider of banking and insurance solutions, raised $6M in Series A funding.
The round was led by Global Partners, with participation from Ulu Ventures, SV LATAM Capital, Jumpstarter Ventures, Verso Capital, and Capital Factory Ventures.
The company intends to use the funds to ecpand its operations and offerings.
Founded by serial entrepreneurs Felix W. Ortiz III and Ryan Wuerch, Onuu aims to provide banking and insurance solutions to people who lack financial security and literacy. Members will have access to personalized life insurance and banking solutions, a digital guide and customized financial literacy experiences.
The company aims to personalize its life insurance, savings and credit card products, and provide an individualized financial literacy experience and digital guide unique to each member, at a monthly price.