About Halfmore
Halfmore is a company based in Palo Alto (United States) founded in 2023 by Jaebum Lee. It operates as a FinTech and Subscription Services. Halfmore has raised $1.15 million across 1 funding round. Halfmore offers products and services including Custodial Roth IRA. Halfmore operates in a competitive market with competitors including Backer, UNest, EarlyBird, Gradvisor and SavvyFi, among others.
- Headquarter Palo Alto, United States
- Founders Jaebum Lee
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Halfmore, Inc.
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$1.15 M (USD)
in 1 rounds
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Latest Funding Round
$1.15 M (USD), Seed
Mar 14, 2024
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Investors
Not available
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Employee Count
Not available
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Products & Services of Halfmore
Halfmore offers a comprehensive portfolio of products and services, including Custodial Roth IRA.
A custodial Roth IRA is offered for children.
Funding Insights of Halfmore
Halfmore has successfully raised a total of $1.15M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.15 million completed in March 2024. 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.
Investments & Acquisitions by Halfmore
Investment portfolio details for Halfmore
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Financial Statements - Halfmore
Detailed financials for Halfmore
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Halfmore Comparisons
Peer comparison for Halfmore
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Competitors of Halfmore
Halfmore 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 Backer, UNest, EarlyBird, Gradvisor and SavvyFi, among others.
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College savings plans are managed via an online platform.
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Children's future savings are enabled via an app-based platform.
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Goal-based savings and investments for children's futures are facilitated online.
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Employer-enabled savings management platform for education
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Goal-based savings plans for children's college education are provided.
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Detailed competitors of Halfmore
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Latest news on Halfmore
Complete news archive for Halfmore
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Frequently Asked Questions about Halfmore
Halfmore was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Halfmore is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Lee Ju-hyun is the current CEO of Halfmore.
Halfmore is a funded company, having raised a total of $1.15M across 1 funding round to date.
Halfmore is engaged in offering financial technology solutions through custodial Roth IRAs for children. Services are provided to help parents convert household tasks into IRS-compliant income for their children. The platform is designed to establish legal employment relationships, handle payroll, and ensure compliance with tax regulations. Contributions are routed to major brokerage firms like Fidelity and Vanguard. The company operates in multiple U.S. states, targeting busy parents with a user-friendly setup process. Financial education and long-term security are emphasized as key benefits for users.
Halfmore offers Custodial Roth IRA.