Grow Credit, which helps consumers to build their credit and access financial services, has bagged $2m in its seed round.
Mucker Capital invested into the seed round.
The FinTech, which is based in the US, enables customers to create and build their credit score for free by leveraging their new and existing subscriptions. This includes memberships with services like HBO Max, Disney Plus, Netflix, Spotify and others.
Users can also help users build their credit by using their mobile phone bills from AT&T, Verizon, Sprint, and T-Mobile.
Grow Credit CEO and founder Joe Bayen said, “In the current market environment, more consumers than ever will need to build or rebuild their credit score.
“That is why we are thrilled that the Mucker team has embraced our vision to create a more inclusive society, through our financial inclusion platform.”
The Grow Credit platform is currently available on iOS and Android devices.
Mucker Capital founder Erik Rannala said, “Grow Credit levels the personal finance playing field for regular, everyday people and creates a more comprehensive view of a consumer’s credit.
“When people pay their cellphone bills or their Netflix bills on time every month, why shouldn’t that be reflected positively on their credit? We couldn’t be happier to support Joe and Grow Credit standing up for consumers to help them build a stronger financial future for themselves and their families.”
Other investors of Grow Credit include Draftkings CEO and founder Jason Robins, VP of 3D at Adobe Sebastien Deguy and NFL Hall of Famer and Super Bowl champion Ronnie Lott.
Copyright © 2020 FinTech Global
