The start-up, which was founded in 2021 and launched nationwide last month, has raised a total of $7.5 million from investors including Better Tomorrow Ventures, Expa, Ayokunle Omojola, and Gokul Rajaram.
It offers banking services tailored for the over-62 community through mobile app and desktop, with features including: allowing customers to withdraw their social security up to four weeks early with no fees and no strings attached; US-based customer service; transaction monitoring and fraud prevention; 3% earnings on average balances; banking services provided by Sutton Bank, an FDIC member insured up to $250,000; and no monthly fees or minimums.
