FinFit offers a self-directed online financial wellness platform that lets employees measure their financial fitness and access education, tools, and resources. The company serves over 125,000 employers and its platform is available to millions of employees. Recent product launches include the FinFit Visa Prepaid Card and the WageNow program for earned-wage access. FinFit positions its offering as a way to reduce employee stress and improve employer ROI by increasing productivity and retention. The company has been building out its leadership team with new hires including a CFO and CTO. FinFit plans to continue launching and enhancing products and to grow its team as it scales. FinFit operates a financial wellness benefit platform that combines a proprietary personalized financial assessment, game-based education, budgeting tools, and a short-term loan option. The company reports over 80,000 companies having access to its platform and positions itself as the nation’s largest financial wellness benefit platform. Its loan program (loans issued by Celtic Bank) is designed to help employees cover short-term emergencies. FinFit says proceeds from recent capital will be used to expand its ability to offer financial wellness programs and short-term financial assistance nationwide. The platform targets employers seeking to improve productivity by reducing employee financial stress and related costs. Keefe, Bruyette & Woods acted as exclusive financial advisor for the recent financing.

Total raised

$42M

Funding rounds

2

Latest round

Series B

Latest activity

Jul 2019