Nevly Money is a web app designed to automate credit repair and deliver personalized, data-driven financial-health solutions to Americans with poor credit. The product layers automated credit repair with rent reporting and a no-qualification credit builder card to help users improve scores faster and at lower cost than legacy providers. The company offers user-friendly terms such as a first month free, no initiation fees, a $100 credit-builder deposit, and a referral program that pays $15/month while the referred user subscribes. Nevly positions itself as a certified B-corporation focused on building products that improve long-term financial health for underserved consumers. It targets the roughly 48 million Americans struggling with poor credit and aims to reduce reliance on traditional credit-repair services by changing financial outcomes. Nevly plans to launch a mobile app later in the year featuring an AI-powered financial health assistant that uses consumer transaction data and an eight-factor composite to dynamically score and re-score financial health and deliver personalized insights.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2023