Fundz

Bill Pay Solution Cushion Closes $12 Million Series A To Grow Talent Roster

PRIVATEMay 12, 2022

Amount Raised

$12 Million

Round Type

Series A

San FranciscoInformation TechnologyFinancial ServicesSoftwareLending And Investments

Description

Cushion, a leader in bank and credit card fee negotiation, announced today that it has raised $12 million in Series A funding. The funding will enable Cushion to hire talent across product, engineering, data analytics, and marketing as it readies its bill pay solution for a general audience after months of beta testing. The already talented team includes former leaders from Twitter, Bill.com, Square and Credit Karma, as well as several PhDs working on the machine learning side of the product. The round was led by Rose Park Advisors, with participation from Flourish Ventures, Vestigo Ventures, TSEF, Green Cow Venture Capital and CMFG Ventures Discovery Fund.

Quick answer

Cushion raised $12 Million in a Series A round, dated May 12, 2022. Cushion is based in San Francisco, California, United States.

How much did Cushion raise?
Cushion raised $12 Million in a Series A round on May 12, 2022.
What does Cushion do?
Cushion is reimagining how consumers pay their bills.
Where is Cushion based and how big is it?
Cushion is based in San Francisco, California, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Lending And Investments around the same time

Companies in the same sectors as Cushion that raised within 45 days of this round, from Fundz verified event records.

  • My Ome raised $23M (Series B) on June 21, 2022.
  • DPDzero raised $511K (Seed) on June 15, 2022.
  • Anicut Capital raised $14M (Funding Round) on June 7, 2022.
  • Indicina raised $3M (Seed) on June 6, 2022.
  • PolySign, Inc. raised $50M on May 18, 2022.
  • PicsArt, Inc. raised $9.2M on April 28, 2022.

Who to call at Cushion, and when

A new round usually means Cushion is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Cushion raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Cushion, from your own LinkedIn network

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Company Information

Company

Cushion

Location

San Francisco, California, United States

About

Cushion is reimagining how consumers pay their bills. Founded in 2016 in San Francisco, California, Cushion is a leader in automated bank and credit card fee negotiation, having secured customers more than $13 million in refunds. By expanding into bill pay, Cushion will offer consumers a single place to track, pay, and finance their bills so they can avoid overdraft and late fees altogether. Visit cushion.ai for more information.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Cushion raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.