Empower Finance
Latest round
- Series B
Last raised
- Sep 2022
Total raised
- $20M
Investors
- 6
About Empower Finance
Empower Finance, Inc.Founded in 2016 and headquartered in San Francisco, US, Empower Finance specializes in providing financial products and services.vc.Empower offers a Cash Advance service that grants users instant access to funds ranging from USD 10 to USD 300, which is designed to assist those needing immediate financial support. Additionally, the Empower Thrive line of credit, in partnership with FinWise Bank, starts at USD 200 and helps users build positive credit histories through flexible repayment plans.Empower generates revenue primarily through a subscription model, charging a monthly fee of USD 8 for access to its full suite of financial services, including the Thrive line of credit. This model encourages users to maintain regular engagement with the platform, as fees apply for instant delivery of funds and the Cash Advance service does not incur interest or late fees.In September 2022, Empower Finance, Inc. Specific details regarding new products and targeted geographic regions for expansion have yet to be announced.
Who invested in Empower Finance
6 investors across 4 rounds
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Questions about Empower Finance
Who invested in Empower Finance?
Empower Finance has 6 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Empower Finance raised?
Empower Finance has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Empower Finance last raise money?
Empower Finance's most recent round on record is a Series B, in Sep 2022.
What does Empower Finance do?
Empower Finance is a financial services company.
Where is Empower Finance headquartered?
Empower Finance is headquartered in San Francisco, US.
Which VCs invest in companies like Empower Finance?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Empower Finance's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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