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Self Financial Raises $50M in Series E Funding
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The Easiest Way To Build Credit
(Image via Self)
Perhaps you’ve been eyeing a new car, new apartment, new phone, or anything else you rightfully deserve. As much we should speak our desires into existence, it’s just as important to put the work in. There’s one barrier you have to overcome before you land yourself that new gift: your credit.
Whether you’re in a position with no credit history or you need to build your credit, there’s a solution that could prove worthwhile. Since payment history accounts for 35 percent of your credit, Self steps in to give you the opportunity to build it.
Self Financial, an Austin, Texas-based fintech startup enabling consumers to build credit and savings, closed a $40m round of Series D financing.
The round, which brings total funding raised to date to $77m, was led by Meritech Capital with participation from its existing investors, including Altos Ventures, Conductive Ventures and Silverton Partners.
The company intends to use the funds to accelerate growth and its business reach.
Led by CEO James Garvey, Self provides tools for its customers geared toward building positive behaviors (such as on-time payment history and responsibly using credit) and long-term success, working in partnership with its issuing banks. With the Self Credit Builder Account consumers simultaneously tackle both credit and savings without requiring a hard credit inquiry or credit history. The Self Visa® Credit Card is a secured credit card that doesn’t require a credit check and provides existing customers the ability to build their sec
U.S. Fintech Self Financial Secures $40 Million Through Series D Funding Round Led By Meritech Capital
U.S. fintech
Self Financial announced on Tuesday it secured $40 million through its Series D investment round, which was led by Meritech Capital with participation from Altos Ventures, Conductive Ventures, and Silverton Partners. According to Self, the investment round brings its total funds to $77 million and comes on the heels of its $20 million Series C investment in February.
Founded in 2015, Self (formerly Self Lender) describes itself as a venture-backed fintech startup with a mission to help people build credit, particularly those who are new to credit or who might not have access to traditional financial products.
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