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Fintech Guava Raises $2.4M To Provide Banking Services To Black Small-Business Owners

Jul 26, 2022•over 3 years ago

Amount Raised

$2.4 Million

Round Type

seed

United StatesBankingLendingFintechFinanceFinancial Services

Description

Guava, a banking and networking platform targeting Black entrepreneurs, announced today the closing of a $2.4 million seed round led by Heron Rock.

Company Information

Company

Guava

Location

United States

About

Founded last year by Kelly Ifill, the company aims to narrow the racial wealth gap by providing financial services to Black small businesses and creators. The digital banking platform — set to launch early next year officially — allows entrepreneurs to check expenses, budget, transfer money, track growth, and connect with other entrepreneurs looking to scale their businesses. “This platform will enable every business leader to take full advantage of all the opportunities that entrepreneurship offers, starting from a level playing field,” Reese told TechCrunch. Before starting Guava, Ifill worked as a strategic partner at Company Ventures and co-founded Seneca Network, where she helped Black and Latinx founders raise family and friend rounds.