TomoCredit
Latest round
- Series B
Last raised
- May 2022
Total raised
- $39M
Investors
- 17
About TomoCredit
Based in California, US, and founded in 2019, TomoCredit Inc. is a financial technology company that offers credit cards designed to help first-time borrowers build a credit history, based on their cash flow, rather than on their FICO or credit report ratings., Barclays, BAM Ventures, Passport Capital, Ulu Ventures, and Strong Ventures. TomoCredit is a credit card that operates with a debit card model where borrowers can make payments on a seven-day automatic payment schedule with no annual fees or percentage rate applied. The company does not require the borrowers' credit score to determine their credit limit but based their assessments on borrowers' financial history, sources of income, and the use of the company's proprietary algorithm to determine the borrowers' creditworthiness. The company's revenue is generated from fees and interest earned from borrowers' loans. TomoCredit plans to speed up its growth, by hiring additional data engineers, and product development, such as adding more interactive features. The company also plans to issue cards to the remaining pre-approved applicants by the summer of 2021.
Who invested in TomoCredit
17 investors across 5 rounds
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Questions about TomoCredit
Who invested in TomoCredit?
TomoCredit has 17 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has TomoCredit raised?
TomoCredit has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did TomoCredit last raise money?
TomoCredit's most recent round on record is a Series B, in May 2022.
What does TomoCredit do?
Based in California, US, and founded in 2019, TomoCredit Inc.
Where is TomoCredit headquartered?
TomoCredit is headquartered in San Francisco, US.
Which VCs invest in companies like TomoCredit?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at TomoCredit's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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