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Credit Genie Secures $10 Million In Financing To Expand Its Innovative Approach To Behavioral Finance And Personalized Budgeting

Oct 20, 2023about 2 years ago

Amount Raised

$10 Million

ConshohockenLendingFintechMachine LearningArtificial IntelligenceFinancial ServicesAnalytics

Investors

Tippet VenturesKhosla Ventures

Description

Creditly Corp., dba Credit Genie, a leading digital personal finance platform that has served more than one million Americans, announced today the successful completion of an additional funding round, securing $10 million in capital, bringing its total financing to $21 million. The funding was led by Khosla Ventures, with participation from Tippet Ventures. With the new funding, Credit Genie will expand its product line and hire top talent to scale its innovative approach to behavioral finance, budgeting and cash/credit management.

Company Information

Company

Credit Genie

Location

Conshohocken, Pennsylvania, United States

About

Credit Genie is a mobile financial membership platform that empowers people to take control of their finances. Since its launch in 2022, Credit Genie has engaged with over 1 million hard-working Americans and has earned its members' trust by building a full-service digital platform to deliver financial alerts and insights, personalized budgeting, and credit-building solutions. From a single app, members can get a 360-degree snapshot of their financial lives and have access to personalized tips and products to build and improve their credit. Credit Genie is headquartered in Plymouth Meeting, PA., and is comprised of veteran banking and payments professionals determined to build products and services that are better suited for consumers who are often overlooked by mainstream banks. For more information, visit www.creditgenie.com Contact: investorrelations@creditgenie.com

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech