# Charlie Finance Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/charlie-finance

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.hicharlie.co
- Total disclosed funding: $13M
- Latest round: Series A (Nov 7, 2018)
- Investors on record: 6

## About

Charlie Finance Co. is a financial management firm focused on empowering individuals in the U.S. to improve their financial health through innovative money management applications.Founded in 2016 and headquartered in San Francisco, US, Charlie Finance Co. developed a financial management application aimed at helping users manage their money effectively. The company went through a strategic pivot when it integrated its services with Chime in August 2021. The CEO, Ilian Georgiev, brought prior entrepreneurial experience to the company. Charlie raised a total of USD 12.90 mn in funding, primarily through its SERIES A round led by Propel Venture Partners on February 7, 2020, which marked its latest investment round.Charlie offered a unique financial management application designed to assist everyday Americans in managing their money more effectively and efficiently. The app transformed user habits into actionable debt repayments, enabling users to achieve debt-free status significantly faster while saving thousands in interest. By analyzing billions of dollars in transactions daily, Charlie provided personalized financial recommendations. This approach aimed to simplify personal finance and address financial inequality, primarily targeting individual users seeking to improve their financial health, prior to its discontinuation in August 2021.The revenue model for Charlie was primarily based on partnerships and service integrations within the personal finance sector. Users did not incur direct costs for utilizing the Charlie app, as it functioned as a complementary tool to various financial services. The application generated value through its offerings, including personalized financial insights and recommendations, supporting users in their journey toward better financial health while collaborating with Chime for expanded market reach.The company's future growth strategy includes the development of new financial management products aimed at enhancing user experience and expanding its suite of services. Plans are in place to enter new geographic markets, specifically targeting areas with high demand for financial literacy tools by 2023. Recent funding raised in February 2020 will be utilized to support these initiatives, focusing on product development and market expansion.

## Funding rounds

- Series A, Nov 7, 2018, $13M — Norwest Venture Partners, Peterson Partners, Frog Capital, Uncork Capital, Propel, LAUNCHub

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A
- Peterson Partners (https://capitalatlas.ai/funds/peterson-partners) — Series A
- Frog Capital (https://capitalatlas.ai/funds/frog-capital) — Series A
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Series A
- Propel (https://capitalatlas.ai/funds/propel) — Series A
- LAUNCHub (https://capitalatlas.ai/funds/launchub) — Series A