FinFit is a financial wellness startup established in 2008, dedicated to providing comprehensive financial wellness services to over 185,000 organizations across the United States. The company's SaaS-based model offers a wide range of solutions to address the diverse financial needs of employees, including personalized financial assessments, educational resources, online money management tools, financial coaching, access to affordable credit, student loan services, and a member rewards program. FinFit's holistic approach has proven successful in reducing financial stress and increasing employee retention rates by more than 25%. In July 2019, FinFit secured a $7.00M Series B investment led by Bison Capital and Galaxy Investment Partners. This funding signifies a vote of confidence from prominent investors in the innovative approach offered by FinFit. The company's recent venture into the SafetyNet platform further demonstrates its commitment to promoting financial wellness. This proactive platform provides employers with tools to empower their workforce to regain financial stability, leading to increased engagement and productivity. Emergency savings, emergency credit, and debt consolidation loans are some of the tailored solutions offered, emphasizing the company's dedication to the well-being of employees. This comprehensive approach has positioned FinFit as a key player in the Financial Services, Fintech, and Insurtech industries, making it an attractive prospect for potential investors seeking opportunities in the financial wellness space.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | $7.00M | 2 | Bison Capital Asset Management, Galaxy Investment Partners | 30 Jul 2019 |
Debt Financing | $35.00M | 2 | Keefe, Bruyette & Woods, Bison Capital Asset Management | 12 Mar 2018 |
Series A | $16.00M | 1 | Bison Capital Asset Management | 01 Dec 2016 |
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