FinTron, a Stamford, Conn.-based investment and personal finance application provider, closed a $6.5m Series A funding round, bringing total funds raised to nearly $10m.
Backers included AUA Capital Management, Connecticut Innovations, Sage Venture Partners and Webster Bank.
The company intends to use the funds to expand its organization, employ new talent, and upgrade its technology and product offerings to include a new rewards engine, crypto trading capabilities, enhanced education, and a Neo-Bank offering.
Led by 26-year-old CEO and Connecticut Resident, Wilder Rumpf, FinTron provides an investment and personal finance application which features financial literacy programs to thousands of high school and college students across the country. The company acquired nearly 12,000 new users in 2021 alone and has created a national digital footprint serving clients in 52 states and territories.