TomoCredit Raises $7 Million in Seed Funding to Open Access to Credit for “Cash Rich, Credit Poor” Individuals and Help Build and Boost Credit Scores
TomoCredit Raises $7 Million in Seed Funding to Open Access to Credit for “Cash Rich, Credit Poor” Individuals and Help Build and Boost Credit Scores
02/10/21, 1:37 PM
Location
san franciscoMoney raised
$7 million
Industry
financial services
information technology
software
Round Type
seed
TomoCredit, a fintech startup offering a credit card designed to build credit history for first-time borrowers, today announced a $7 million seed funding round, with participation from KB Investment Inc. (KBIC), a subsidiary of South Korea’s leading consumer bank, Kookmin Bank, along with Barclays, Knollwood Investment Advisory, BAM Ventures, Passport Capital, Ulu Ventures, and Strong Ventures. Notable angel investors also participating in the round include: Arlan Hamilton, founder of Backstage Capital, Michael Vaughan, former COO of Venmo, and James Kim, former head of finance at Tinder. The capital will further accelerate TomoCredit’s rapid growth through hiring and product development
Company Info
Location
san francisco, california, united states
Additional Info
TomoCredit is a next-generation credit card, catering to students, working professionals, and immigrants looking to build a better financial future in the U.S. TomoCredit is backed by KB Investment, Kapor Capital, Barclays Ventures, Lewis & Clark Ventures, Ame Cloud, Knollwood Investment Advisory, Bronze, Bam Ventures, Strong Ventures and more. The founding team members are based in San Francisco.