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Fintech Tellus Raises $26M To Empower Consumers With Better Financial Opportunities

Nov 10, 2022about 3 years ago

Amount Raised

$26 Million

CupertinoLendingFintechReal Estate

Description

Tellus, a smart savings platform powered by real estate, today announced $16 million seed round led by Andreessen Horowitz, following a $10 million SAFE. All-Stars Investments, Alumni Ventures, Decent Capital, Vectr Ventures, West Arrow, and Westwood Ventures also participated in the Seed, along with notable angel investors such as the co-founders of YouTube, Lime Bike, and Sereno Group Real Estate. Tellus will use the proceeds to scale its team and continue to build out its platform.

Company Information

Company

Tellus

Location

21580 STEVENS CREEK BOULEVARD

Cupertino, California, United States

About

Tellus is a financial technology platform on a mission to help users build wealth through our line of passive income products. We offer a variety of high-yield cash accounts that pay up to 24x* more interest than a traditional savings account all while keeping you completely out of the stock or crypto markets. Deposit any amount and start immediately with 3.85%-5.12% APY compounded daily. We partner with industry leaders like Plaid, Stripe, JP Morgan Chase and use bank-level AES 256 encryption to protect your money and provide peace of mind. With us, you’re liquid. So you can move your money to and from your bank account whenever you choose without fearing fees. Since its founding in 2016 by two Stanford and Berkley grads, Tellus has remained true to its mission of envisioning a world where wealth creation through real estate is available to everyone. With recent funding from leading venture capitalist firm Andreessen Horowitz, we look forward to continuing to forge together an enriching journey of asset and wealth management for the world.

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