Ann Arbor fintech startup Pocketnest lands new investment, expands customer base
Jessica Willis
An Ann Arbor-based financial technology company focused on helping consumers with their personal finance needs has closed on a new round of funding to help sustain its ongoing growth.
Pocketnest Inc. announced late last week that it had closed on $500,000 in new growth capital, bringing its cumulative dollar amount raised to $1.2 million since 2018. The new funding was led by The Impact Seat, a management consulting firm in Boston, as well as Detroit-based venture capital firm ID Ventures, according to a news release. We believe in Pocketnest and its mission, and know that it will continue to make great strides in an industry that s craving disruption, Barbara Clarke, founder and president of The Impact Seat, said in the release. Pocketnest will surely change the way our new customer base thinks about finances and financial institutions. We re honored to be a part of this tectonic s
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Businesses owned by women and people of color need concrete change and commitment on the part of banks and investors, not “diversity theater,” experts said at MIT Sloan’s recent The Inclusive Innovation Economy: Ideas + Actions panel.
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Malia Lazu moderated the panel, which featured Barbara Clarke, a technology investor and founder of The Impact Seat, and Quincy Miller, president of Eastern Bank. They discussed steps that banks, investors, and the community can take to open resources, eradicate unconscious bias, and bolster a truly inclusive local economy particularly in Boston, where the median net worth of a Black family is just $8.