Onuu, based in Austin, Texas, targets roughly 166 million Americans of modest means who lack access to basic financial products. The company offers personalized life insurance, savings and credit card products alongside a digital guide and individualized financial literacy experiences at an affordable monthly price. Onuu plans to use AI- and machine-learning-driven approaches to deliver contextual, highly customized financial services within users' financial lives. The founding team—Felix W. Ortiz III and Ryan Wuerch—brings extensive fintech experience, and the company says the founders have over 100 years of combined financial technology experience. Onuu is majority Hispanic-owned, employs a 20-person team, and reports that 60% of staff are minorities or women. The company recently closed a $6 million Seed A round to accelerate product development and launch.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2022