Relief Secures $15 Million In Series A Funding To Help Consumers Combat The Credit Card Debt Crisis

Feb 18, 2022•over 3 years ago

Amount Raised

$15 Million

Round Type

series a

Miami

Description

Relief, the personal finance startup committed to helping everyday people achieve financial freedom by eliminating credit card debt, announced today it has raised $15 million in Series A funding, bringing its total funding to date to $17 million. The round was led by Nava Ventures and includes a range of strategic investors, including Ken Chenault, former CEO and Chairman of American Express; Vikram Pandit, former CEO of Citigroup and The Kraft Group. Other leading venture capital groups include Interplay, Animal Capital, Necessary Ventures, and Brand Foundry Ventures, among others.

Company Information

Company

Relief

Location

Miami, Florida, United States

About

The company uses a personalized approach with advanced machine learning technology. The company expects to release the app to the public later in 2022. The company is ramping up quickly. This latest round of funding will go towards providing Relief with resources to strengthen its platform and scale to support a rapidly growing waitlist. Relief is founded by Jason Saltzman, Bryan Okeke, and Ram Berrouet - three seasoned entrepreneurs with deep market knowledge in advanced technology, finance, and executive leadership. Relief is a startup working to lift people out of crippling credit card debt by negotiating with credit card companies on their behalf.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Relief Secures $15 Million In Series A Funding To Help Consumers Combat The Credit Card Debt Crisis

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Company Information