M1 Finance is an automated money management platform that offers investing, borrowing, and banking products.
M1 Finance helps you manage and grow your money in smart, easy, personalized ways.
M1 Finance was founded in 2015 by Brian Barnes. The company is headquartered in Chicago, Illinois.
M1 combines three different traditional fintech services into one (automated investing, borrowing and banking/spending). M1 Invest, its original investment product, M1 Borrow, which lets account holders borrow against their accounts, and M1 Spend, a checking account and debit card.
M1 Finance has built the premier personal finance platform that combines the best of digital investing, borrowing, and banking, and have done so on relatively little funding.
M1 bundles powerful investing, borrowing, and cash management capabilities into one easy-to-use, free platform. It has more than $4.5 billion in clients’ assets on the platform and is used by more than 500,000 self-directed investors.
M1 is backed by Coatue, SoftBank’s Vision Fund 2, Left Lane Capital, Jump Capital, Clocktower Technology Ventures, and others. The company raised $150M in Series E round on Jul 14, 2021. This brings M1's total funding to $323.2M to date. The round mints M1 a unicorn with valuation of $1.45B post-money.