Achieve Cards
Latest round
- Series B
Last raised
- Mar 2012
Total raised
- $13M
Investors
- 1
About Achieve Cards
Achieve Cards was founded in 2009 in Austin, US, and functions as a financial services provider that evolved to meet consumer banking needs. The company was acquired by Green Dot Corporation in December 2014 for an undisclosed amount. The founder, Ryan Thomas, has a history as an entrepreneur, though specific details about previous ventures are not provided.Achieve Cards offers a suite of mobile banking services tailored to everyday consumers. Their flagship product is a digital banking application featuring overdraft protection, high-yield savings accounts, and a secured credit card designed to assist users in building credit. The overdraft protection enables eligible customers to access up to USD 300 in coverage, contingent on meeting specific conditions, while the high-yield savings accounts provide competitive annual percentage yields (APY) for enhanced savings. Their secured credit card, with no annual fee, offers a pathway for individuals seeking to improve their credit scores and is available to users who maintain regular direct deposits.Achieve Cards generates revenue through transaction fees associated with its overdraft protection and other banking services. Customers who utilize the overdraft protection may incur a USD 15 fee for each eligible transaction that results in an overdraft, promoting responsible financial management. The company also collaborates with retail partners and offers cash deposit services, which may involve a service fee at participating retailers. Additionally, their secured credit card facilitates transactions that contribute to revenue, as users are encouraged to maintain minimum direct deposit amounts to avoid extra fees.Achieve Cards aims to expand its offerings by developing new financial products tailored to consumer needs, with specific launch dates to be announced in the future. The company is exploring opportunities to penetrate new markets, particularly targeting regions with high demand for digital banking solutions.
Who invested in Achieve Cards
1 investor across 1 round
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Funding rounds
Series B
Mar 19, 2012
Amount
$13M
Investors
Questions about Achieve Cards
Who invested in Achieve Cards?
Achieve Cards has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Achieve Cards raised?
Achieve Cards has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Achieve Cards last raise money?
Achieve Cards's most recent round on record is a Series B, in Mar 2012.
What does Achieve Cards do?
Achieve Cards was founded in 2009 in Austin, US, and functions as a financial services provider that evolved to meet consumer banking needs.
Where is Achieve Cards headquartered?
Achieve Cards is headquartered in Austin, US.
Which VCs invest in companies like Achieve Cards?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Achieve Cards's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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