Tellus, a Cupertino, CA-based fintech company providing a smart savings platform, raised $26m in funding.
The round of $16m was led by Andreessen Horowitz, with participation from All-Stars Investments, Alumni Ventures, Decent Capital, Vectr Ventures, West Arrow, Westwood Ventures, Lime Bike, and Sereno Group Real Estate. The seed round follows a $10m SAFE.
The company intends to use the funds to scale its team and continue to build out its platform.
Co-founded by Rocky Lee and T Zhu, Tellus is a smart savings platform powered by real estate. With its Boost, savers can budget smart, set goals and save fast through their own actions on the platform. The company generates yields by providing single-family home loans to American borrowers in prime cities. Mortgages are always overcollateralized and the interest is awarded to customers through the app.
FinSMEs
11/11/2022