# Line Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/line-financial

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.useline.com
- Total disclosed funding: $5M
- Latest round: Seed (May 2, 2022)
- Investors on record: 9

## About

Based in California, US, and founded by Akshay Krishnaiah in 2019, Line Financial, PBC Line Financial is a fintech company that provides a subscription-based service intended to access an interest-free line of funds. In May 2022, Line Financial raised USD 7 million in seed funding led by new investor Massive, with participation from other new investors Avesta Capital, Goodwater Capital, Kelmhurst, Overtime.vc, SustainVC, and The Josephine Collective. 


The company's service delivers an affordable financial platform to 3B qualified, banked individuals in non-standard work arrangements, enabling users to reduce payment failures and boost checkout and transaction speeds. It provides cash in between USD 10 – USD 1000 without any credit checks and allows its customer to get personalized alerts to protect from financial uncertainties and provide personalized daily financial plan. Additionally, the firm also provided personalized budget and recommendations.


The company earn its revenue by charging for its subscription like USD 1.97/month for small plan, and USD 9.97/month for medium plan.


The company will use the May 2022 funding to build an inclusive financial system.

## Funding rounds

- Seed, May 2, 2022, $5M — SustainVC, Goodwater Capital, Strada Education Network, Overtime.vc, Total Administrative Services Corporation, Avesta Fund, Massive, Kelmhurst, The Josephine Collective

## Investors

- SustainVC (https://capitalatlas.ai/funds/sustainvc) — Seed
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- Strada Education Network (https://capitalatlas.ai/funds/strada-education-network) — Seed
- Overtime.vc — Seed
- Total Administrative Services Corporation (https://capitalatlas.ai/funds/total-administrative-services-corporation) — Seed
- Avesta Fund (https://capitalatlas.ai/funds/avesta-fund) — Seed
- Massive (https://capitalatlas.ai/funds/massive) — Seed
- Kelmhurst (https://capitalatlas.ai/funds/kelmhurst) — Seed
- The Josephine Collective — Seed