Female-founded financial wellness platform Pocketnest has netted $2.6m in a round led by Reseda Group.
According to Pocketnest, the funds will drive product development, sales and marketing initiatives, and support a 24-month runway.
Pocketnest licenses its platform to financial institutions to boost their cross-sell opportunities; it also licenses to employee wellness programs to help employers boost recruitment, productivity, and retention.
Built on behavioural science and psychology, Pocketnest coaches users through 10 themes of financial wellness. Its gamified, almost-addictive approach draws users into the app to keep their financial plan up to date??in just three minutes a week.
Since December last year, Pocketnest has seen a 250% growth in new users, 100% growth in annual revenue, 100% growth in development team headcount and 75% growth in new clients.
Pocketnest CEO and founder Jessica Willis Even in this volatile market, we were able to secure $2.6M of capital in 10 days??a true testament to the value of our platform and the potential it represents for our clients, investors, and most of all, end users.
“Our scrappy, elbow-grease approach drives our consistent ‘hockey-stick’ growth while sustaining a very generous runway.”
Acin, an operational risk control data network, has closed $24m in a Series B funding round backed by a flurry of multinational banks.
The round was backed by a strategic consortium of industry-leading banks, comprised of JP Morgan, BNP Paribas, Lloyds Banking Group, Citi and Barclays.
Copyright ? 2022 FinTech Global
