SeedFi is a financial health startup helping Americans build credit, save money, access funds, and plan for the future.
SeedFi's mission is to provide a new generation of financial products to underserved Americans to accelerate their economic progress.
SeedFi was co-founded in 2019 by Jim McGinley, Rodrigo Menezes, Bernardo Menezes, Eric Burton, and Greg Berman. The company is headquartered in San Francisco, California, with an office in New York.
SeedFi is building a new generation of financial products for the 100MM Americans living paycheck to paycheck.
SeedFi's customers include the most vulnerable members of society and our products have a tangible impact on their financial health, providing lower cost access to capital and the opportunity to build credit and start saving.
SeedFi has helped its initial customers build more than $500K in savings through the current pandemic. After six months of on-time payments, SeedFi customers with no credit history were able to establish a credit score of 600, while customers with existing credit scores and less than three credit accounts increased their scores by 45 points.
SeedFi is backed by Andreessen Horowit, Flourish, Core Innovation Capital, Quiet Capital and others. The company raised $65M in Series A ($15M in Equity and $50M in Debt) on Feb 17, 2021. This brings SeedFi's total funding to $69M to date.