Fundz

Maza Raises $8 Million To Provide U.S. Immigrants With Financial Identities, Offering Fast Track To The American Dream

PRIVATEJun 28, 2023

Amount Raised

$8 Million

Round Type

Funding Round

Los AngelesFinancial ServicesLending

Investors

William Hockey, Co Founder Of PlaidAnre Williams, Ceo Of American Express National BankAbstract VenturesGlobal Founders CapitalRestive VenturesBoxGroupSV AngelAndreessen Horowitz

Description

Today, over 15 million immigrants in the U.S., many of which are high earners, are blocked from joining the country's traditional financial system because they lack a Social Security number (SSN). Because of this and other constraints, they are often pushed into non-traditional – and even predatory – forms of finance, such as check cashers, loan sharks, and pawnbrokers. To solve this pervasive problem, Maza, a financial platform designed to provide immigrants with the financial identities they need to realize their American Dream, announces an $8 million seed round led by Andreessen Horowitz with additional participation from SV Angel, Box Group, Restive Ventures, Global Founders Capital, Abstract Ventures, and a collection of independent investors including Anre Williams, CEO of American Express National Bank, and William Hockey, Co-founder of Plaid.

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

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

  • Stable Money raised $5M (Funding Round) on August 8, 2023.
  • LemFi raised $13M on August 3, 2023.
  • Mercury Financial raised $200M (Funding Round) on July 26, 2023.
  • fulfin raised an undisclosed amount (Funding Round) on July 26, 2023.
  • Momnt raised $35M on July 26, 2023.
  • Salmon Group raised $20M (Series A) on July 20, 2023.

Who to call at Maza, and when

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Company Information

Company

Maza

Location

Los Angeles, California, United States

About

Maza, founded in 2022, provides financial identities to U.S. immigrants. The company's identity solution includes access to credit, FDIC-insured banking, and establishment of a U.S. tax presence. Built by second-generation immigrants, Maza brings the American Dream closer to reality for each of its customers.

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

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