Participated · Series C · Jul 2019

MoneyLion provides mobile online banking and managed investment services through a single mobile app, offering cashback rewards, no-fee checking, overdraft protection, loans, and zero-fee managed investment accounts. Led by founder and CEO Dee Choubey, the company launched in 2013 and has reached more than five million members. Its bank membership includes fee-free checking, access to 55,000+ free ATMs, diversified low-cost ETF portfolios, and personalized tips and tools to help members build credit and achieve everyday savings. The company is NYC-based and also has offices in San Francisco, Salt Lake City and Kuala Lumpur, Malaysia. It will use the new funding to accelerate U.S. customer growth, drive further adoption of its bank membership, and expand its product offering with a series of new financial tools. Upon completion of the Series C, MoneyLion will have raised over $200m in equity financing. MoneyLion provides an integrated personal-finance platform that combines lending, savings, rewards, and wealth-management tools in a single app targeted at middle-class consumers. Users connect bank accounts and credit cards to receive personalized advice based on spending patterns and access loans to smooth income and expenses. The company offers a rewards program that grants points for actions like connecting accounts or maintaining low credit utilization, which can be redeemed for gift cards and perks. MoneyLion generates most of its revenue from its loan product, having originated over 250,000 loans to date across a user base of 1.5M. It recently launched MoneyLion Plus, a $29/month subscription that offers lower-APR loans and an automated savings tool with a $1-per-day login refund. The startup has raised $67M in equity since its 2013 founding and is expanding product and monetization efforts to reach underserved middle-class consumers. MoneyLion is a mobile personal finance platform that uses machine learning analytics to deliver personalized financial-management tools and credit products through its app. The app consolidates spending, savings, and credit tracking and uses analytical models to power tailored recommendations for savings, credit health, and personal loans. It also employs a built-in endorsements and points system to reward good financial behavior. MoneyLion's loan business has grown three-fold year-over-year in originations and volume and has originated over 150,000 loans. The company has $650 million in existing debt facilities to support lending capacity. MoneyLion plans to deploy new equity funding to invest in technology and talent and to expand in new and existing markets. Founded in 2013, the company is headquartered in New York with offices in San Francisco and Kuala Lumpur. MoneyLion provides a mobile-first personal finance platform with free tools for spending, saving and credit tracking plus a suite of credit products. The company uses sophisticated analytics and machine learning–based risk technology to build a 360-degree view of users’ finances and improve underwriting. Its app is available on Apple and Android and includes features such as social endorsements, loyalty points and rewards to encourage better financial habits. MoneyLion aims to deliver fast, low-friction credit solutions and to deepen ties with established institutions to scale its offerings. The company reports it has originated over 120,000 loans from its balance sheet to date. Founded in 2013, MoneyLion is headquartered in New York with offices in San Francisco and Kuala Lumpur.

Participated · Series C · Nov 2018

Payzer provides a mobile and cloud-based Field Service Management platform for contractors. Its flagship product, Payzerware, is an end-to-end platform that enables contractors to run their business, grow sales, and simplify back-office operations. Payzerware includes scheduling/dispatch, invoicing, sales proposals, maintenance agreements, and integrated payment and financing solutions. The company distributes Payzerware with Payzercare, a customer service offering. Led by Co-Founder and CEO Joe Giordano, Payzer closed a $23M Series D equity round. The company intends to use the funds to expand its business reach across HVAC, plumbing, electric, roofing and other specialty trade markets. Payzer offers mobile and cloud-based software products for contractors, including Payzerware, an end-to-end field service management system, and the All-in-One Financial Tool that enables flexible mobile payments. The company serves HVAC, plumbing, electrical, solar and other contractor markets. Payzer raised $9.2 million in a Series C round to expand its product delivery and invest in software, payment technologies, and customer service. Leadership says the company is growing rapidly by meeting contractor needs. CEO and co-founder Joe Giordano emphasized increased investments in product, payments, and support. Giordano previously worked at Bank of America and served as a payment strategy and development executive and holds an MBA from George Washington University. Payzer is a Charlotte, N.C.-based provider of mobile and cloud-based financial tools for specialty trade contractors. Led by Co-Founder and CEO Joe Giordano, the company enables contractors to accept credit cards, debit cards, and electronic checks in the field or at the home office with real-time tracking across their organization. Payzer also offers instant financing up to $55,000 via mobile phone, tablet, or PC, and provides control over purchases by issuing employees Visa Debit Purchasing Cards rather than company credit cards. The platform supports payment acceptance and customer profile management alongside lending and purchasing controls. Payzer closed a $4.25M Series B round to support its growth. The company intends to use the proceeds to launch new products targeting HVAC, plumbing, electrical, solar, and other specialty trade markets. Payzer offers a mobile and cloud-based financial tool that enables contractors to grow and manage their businesses by closing sales and collecting payments in the field. The platform lets users accept credit cards, debit cards, and electronic checks, manage customer profiles, and track activity in real time across an organization. Payzer also provides instant financing of up to $55,000 and issues Visa Debit Purchasing Cards to control employee purchases. Led by co-founder and CEO Joe Giordano, the company intends to use new funding to launch additional SaaS and transactional products. Payzer is based in Charlotte, NC and currently employs 31 people. The article does not disclose revenue or user metrics. Payzer provides a mobile and cloud-based financial platform for contractors that enables acceptance of credit cards, debit cards, and electronic checks in the field or at the home office with real-time tracking across the organization. The platform also offers instant financing up to $55,000 accessible via mobile phone, tablet, or PC, and issues Visa Debit Purchasing Cards to control employee purchases. Led by CEO and founder Joe Giordano, Payzer combines payments, financing, and purchasing controls into a single tool for growing contractor businesses. Following the Series A, the company intends to use proceeds to accelerate sales and marketing growth and expand its product development team. At the time of the article Payzer was hiring inside business development representatives and LAMP stack developers to support product and go-to-market expansion. The company is based in Charlotte, N.C.