PeopleHedge Raises $1.4M in Seed Funding

PeopleHedge, a Vermont, IL-based financial technology company, raised $1.4M in Seed funding.

The round was led by Holt Xchange, with participation from Gustavson Capital and Bluefin Equity Partners.

The company intends to use the funds to grow its market share and continue down the path of forming a digital correspondent bank.

Led by CEO Damon Magnuski, PeopleHeadge is a financial technology company focused on enhancing the non-interest income of community banks and credit unions. Its SmartRoute technology creates a real-time auction for foreign exchange payments, compressing pricing and making banks competitive with financial technology rivals.

Subject to receipt of required regulatory approvals, PeopleHedge Corp is in the process of becoming Acceleron Bank, a digital correspondent bank in formation.

FinSMEs

16/09/2022