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

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

07/26/22, 1:37 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgunited states
Money raised
$2.4 million
Industry
banking
lending
fintech
finance
financial services
Round Type
seed
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 Info

Company
Guava
Location
united states
Additional Info
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.