Self Financial closes Series D round on $40m

Self Financial, which helps consumers build credit and savings, has held the final close of its Series D on $40m.

The investment was led by Meritech Capital, with participation also coming from existing Self Financial backers Altos Ventures, Conductive Ventures and Silverton Partners.

This funding round brings the total equity raised by Self Financial to $77m and comes just months after the close of its $20m Series C in February.

Having closed the round, the FinTech is looking to improve its capabilities to better help customers build credit and savings during the pandemic.

Self Financial offers tools for its customers geared toward building positive behaviours, such as paying on time and responsibly using credit card.

Meritech general partner Max Motschwiller said, ?Self is addressing a systemic problem of financial inequality in the right way. It has built the technology while maintaining low operating costs to be able to offer accessible products and building lasting relationships with its customers.

?Meritech invested in Self because it has a proven and powerful business model, but we believe in the company because it empowers people to steadfastly achieve their goals and dreams.p>

Self Financial has seen its customer base grow by 250% and employee count jump from 50 to 115 during 2020.

Copyright ? 2020 FinTech Global

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