# Finch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finch

- Industry: Financial Services
- Headquarters: Boston, US
- Website: www.finchmoney.com
- Total disclosed funding: $1.8M
- Latest round: Seed (May 19, 2020)
- Investors on record: 4

## About

Founded in 2019 and based in Boston, Massachusetts, Finch is a wealth management platform that integrates spending and investment opportunities, allowing users to earn cash back on purchases while investing in personalized portfolios.Finch operates as a wealth management platform focused on transforming everyday spending into investment opportunities. Founded by Maya Nijhawan, who has prior experience in entrepreneurship, Finch has raised a total of USD 3.50 mn across 3 funding rounds, with the latest Seed round amounting to USD 1.80 mn led by Mendoza Ventures and participated by Barclays Index Unit, Frontier Venture Capital, and Techstars.Finch, through its acquisition by Finder, offers a comprehensive wealth management platform that integrates everyday spending with investment opportunities. The core product is a rewards card that allows users to earn up to 5% cash back on purchases, automatically invested in personalized portfolios. This approach caters to a diverse user base, including those new to investing and individuals aiming to improve their financial habits. Finch's services are primarily available in the United States, Australia, Canada, the United Kingdom, and other international markets.Finch's revenue model is based on transaction-based earnings from the cash back rewards system and partnerships with financial institutions or retailers. Users earn cash back on daily purchases that are reinvested, promoting a cycle of spending and investment. The company may also explore subscription services for premium investment features, focusing on seamless integration with bank accounts and user-friendly experiences without hidden fees.Finch has plans to utilize recent funding from Reddy Futures to expand its product offerings and enhance user engagement. The company is designing new investment tools and features aimed at improving financial literacy among its users, with a target release date in the upcoming year. Additionally, Finch seeks to expand into new markets, particularly in Europe and Asia, within the next two years, capitalizing on its existing platform capabilities.

## Funding rounds

- Seed, May 19, 2020, $1.8M — Frontier Venture Capital, Techstars, Barclays Index Unit, Mendoza Ventures

## Investors

- Frontier Venture Capital (https://capitalatlas.ai/funds/frontier-venture-capital) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Barclays Index Unit — Seed
- Mendoza Ventures (https://capitalatlas.ai/funds/mendoza-ventures) — Seed