About First Dollar
First Dollar is a company based in Austin (United States) founded in 2019 by Jason Bornhorst was acquired by Inspira Financial in December 2024. First Dollar has raised $19 million across 2 funding rounds from investors including Inspira Financial, BVF and Next Coast Ventures. The company has 20 employees as of December 31, 2021. First Dollar offers products and services including Health Wallet, Health Wallet Manager, Health Wallet Platform, and Pre-Tax Accounts. First Dollar operates in a competitive market with competitors including Lively, FSAFEDS and Devenir, among others.
- Headquarter Austin, United States
- Employees 20 as on 31 Dec, 2021
- Founders Jason Bornhorst
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name First Dollar, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$19 M (USD)
in 2 rounds
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Latest Funding Round
$14 M (USD), Series A
Jan 27, 2022
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Investors
Inspira Financial
& 12 more
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Employee Count
20
as on Dec 31, 2021
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Acquired by
Inspira Financial
(Dec 02, 2024)
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Products & Services of First Dollar
First Dollar offers a comprehensive portfolio of products and services, including Health Wallet, Health Wallet Manager, Health Wallet Platform, and Pre-Tax Accounts.
App for managing individual health spending benefits securely
Software for admins to handle benefit programs efficiently
Platform for embedding health benefits into other systems
Tools for managing tax-free health expense accounts
People of First Dollar
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Funding Insights of First Dollar
First Dollar has successfully raised a total of $19M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $14 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in First Dollar
First Dollar has secured backing from 13 investors, including venture fund and angel investors. Prominent investors backing the company include Inspira Financial, BVF and Next Coast Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Funding is provided to healthcare startups by corporate-backed BVF.
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Early-stage technology companies are invested in via thematic research.
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Venture capital investments are focused on healthcare technology startups.
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Investor details for First Dollar
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Investments & Acquisitions by First Dollar
Investment portfolio details for First Dollar
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Financial Statements - First Dollar
Detailed financials for First Dollar
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First Dollar Comparisons
Peer comparison for First Dollar
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Competitors of First Dollar
First Dollar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lively, FSAFEDS and Devenir, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Health savings accounts are offered for tax-free healthcare investments.
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An app-based platform for managing savings on healthcare expenses.
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Offers solutions for HSA investment management.
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Detailed competitors of First Dollar
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Latest news on First Dollar
Complete news archive for First Dollar
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Frequently Asked Questions about First Dollar
First Dollar was founded in 2019 and raised its 1st funding round 1 year after it was founded.
First Dollar is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Jason Bornhorst is the current CEO of First Dollar. They have also founded this company.
First Dollar is a funded company, having raised a total of $19M across 2 funding rounds to date.
As of Dec 31, 2021, the latest employee count at First Dollar is 20.
First Dollar was established in 2019 in Austin, United States, as an online savings platform in the fintech sector. Healthcare and retirement planning are managed through its services, with debit cards provided for allocating funds to savings and expenditures. Multiple health benefits plans are offered to users, supporting financial organization in these areas. Operations are conducted digitally, targeting individual savers.
First Dollar offers Health Wallet, Health Wallet Manager, Health Wallet Platform, and Pre-Tax Accounts.
First Dollar has 13 investors. Key investors include Inspira Financial, BVF, Next Coast Ventures, Jonathan Bush, and Julia Cheek.