FinFit

Every employee deserves a financial safety net.

General Information
Company Name
FinFit
Founded Year
2008
Location (Offices)
Virginia Beach, United States +1
Founders / Decision Makers
Number of Employees
83
Industries
Financial Services, Fintech, Health and Wellness +1
Funding Stage
Series B
Social Media

FinFit - Company Profile

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.

Taxonomy: financial wellness, employee benefits, financial stability, financial security, employee financial wellness solution, opportunity gap, equality, access to services, access to products, access to solutions, workforce wellness, employee empowerment

Funding Rounds & Investors of FinFit (3)

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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

Latest News of FinFit

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No recent news or press coverage available for FinFit.

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