# Next Financial

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

- Industry: Financial Services
- Headquarters: Seattle, US
- Website: www.getcopper.com
- Total disclosed funding: $42M
- Latest round: Series A (Mar 4, 2022)
- Investors on record: 15

## About

Next Financial, Inc. is a US-based company that specializes in providing user-friendly mobile applications for earning rewards through engaging surveys and games.Founded in 2019 and headquartered in Seattle, US, Next Financial, Inc. operates a financial technology platform that focuses on facilitating user engagement through its mobile application. The company was co-founded by Eddie Behringer and Stefan Berglund. In March 2022, Next Financial raised USD 29 mn in Series A funding, led by Fiat Ventures with participation from Alumni Ventures Group, BIP Ventures, Gaingels, Insight Partners, and Invesco Private Capital. This funding marked their total amount raised as USD 29 mn, with a current company valuation of USD 125.94 mn.Next Financial, Inc. offers a mobile application that enables users to earn rewards by completing online surveys and playing games. Users can accumulate points through their engagement, which can be exchanged for gift cards from various retailers. The app is designed to target budget-conscious consumers in the US, allowing them to monetize their leisure time and providing an appealing option for individuals looking to supplement their income.Next Financial generates revenue through partnerships with retailers that provide gift card rewards for user engagement on its platform. Users earn points by completing surveys and participating in games, redeeming these points for gift cards. This model suggests a direct-to-consumer approach, allowing open access to the app without subscription fees, while enabling advertisers and retailers to engage with a dedicated user base.Following a successful Series A funding round in March 2022, Next Financial plans to utilize the USD 29 mn raised to enhance its banking services, transforming them into a comprehensive financial platform. The company aims to expand its offering through the development of new products, although specific launch dates are not stated. Additionally, further geographic expansion is anticipated, although targeted regions have not been specified.

## Funding rounds

- Series A, Mar 4, 2022, $29M — Invesco, Insight Partners, BIP Ventures, Alumni Ventures Group, Gaingels, Fiat Ventures
- Seed, Oct 6, 2021, $9M — Index Ventures, Maven, Arnold Venture Group, Clocktower Technology Ventures, Pioneer Square Labs, Restive Ventures, Fiat Ventures, Launchpad Capital
- Seed, Aug 25, 2020, $4.3M — Western Technology Investment, Pioneer Square Labs, Mana Ventures

## Investors

- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Seed
- Pioneer Square Labs (https://capitalatlas.ai/funds/pioneer-square-labs) — Seed
- Mana Ventures (https://capitalatlas.ai/funds/mana-ventures) — Seed
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed
- Maven (https://capitalatlas.ai/funds/maven) — Seed
- Arnold Venture Group (https://capitalatlas.ai/funds/arnold-venture-group) — Seed
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed
- Restive Ventures (https://capitalatlas.ai/funds/restive-ventures) — Seed
- Fiat Ventures — Seed, Series A
- Launchpad Capital (https://capitalatlas.ai/funds/launchpad-capital) — Seed
- Invesco (https://capitalatlas.ai/funds/invesco) — Series A
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A
- BIP Ventures (https://capitalatlas.ai/funds/bip-ventures) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A