About Halfmore
Halfmore is a Technology company based in Palo Alto (United States) founded in 2023 by Jaebum Lee. It operates as a fintech platform utilized for family savings and child earnings. It operates on a FinTech and Subscription Services model. Halfmore has raised $1.15 million across 1 funding round. Its chief executive is Lee Ju-hyun. Halfmore offers products and services including Custodial Roth IRA. Its focus areas include Financials, Financial Services and Personal Finance. Its legal entity is Halfmore, Inc. Its competitors include Backer, UNest, EarlyBird, Gradvisor and SavvyFi and 4 more; 5 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Palo Alto, United States
- Founders Jaebum Lee
- SectorsTechnology
- Email••••••••
- Website halfmore.co
- Social LinkedIn Instagram
- Legal Name Halfmore, Inc.
- Total Equity Funding$1.15M (USD)
in 1 rounds
- Latest Funding Round$1.15M (USD), Seed
Mar 2024
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.
- Total Funding $1.15M
- Total Rounds 1
- Last Round Seed — $1.15M
- First Round $1.15M
(Mar 2024)
All 1 funding rounds of Halfmore with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $1.15M | Seed | – | – | – |
People of Halfmore
2 people are tracked at Halfmore (2 in leadership).
| Name | Role | Group |
|---|---|---|
Jaebum Lee | Co-Founder | Leadership |
Lee Ju-hyun | CEO | Leadership |
Complete people profiles for Halfmore
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Halfmore
2 dated milestones of Halfmore across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Halfmore is founded.
- Funding First funding round of $1.1M.
Competitors of Halfmore
Halfmore has 9 listed competitors in our database, 5 of them funded. They include Backer, UNest, EarlyBird, Gradvisor and SavvyFi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| backer.com | 2015 | San Francisco, United States | $18.03M | 11 | College savings plans are managed via an online platform. | |
| unest.co | 2018 | North Hollywood, United States | $37M | – | Children's future savings are enabled via an app-based platform. | |
| getearlybird.io | 2019 | Brooklyn, United States | $13.84M | – | Goal-based savings and investments for children's futures are facilitated online. | |
| gradvisor.com | 2015 | Miami, United States | – | – | Employer-enabled savings management platform for education | |
| savvyfi.co | 2017 | Franklin, United States | $5.72M | – | Goal-based savings plans for children's college education are provided. | |
| littlefund.co | 2016 | San Francisco, United States | – | – | Budgeting and saving account for children. | |
| gosavehq.com | 2018 | Santa Monica, United States | $120,000 | – | A digital platform for children's goal-based savings is offered. | |
| futuremoney.co | 2020 | Boston, United States | – | – | Goal-based savings platform focused on child future | |
| edufi.co | 2020 | San Francisco, United States | – | – | Provides an educational savings and expense management platform for individuals. |
Detailed competitors of Halfmore
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Halfmore
The website of Halfmore (halfmore.co) receives about 4.2K visits a month.
- Monthly visits4.2K
▲ 59.7% vs previous month
Top companies in Investment & Financial Technology
10 companies that operate in the same segment as Halfmore (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | 2,713 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | 602 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | 674 | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | 1,524 |
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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. The company's 1st funding round was a Seed of $1.15M, raised on Mar 2024.
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.
Halfmore operates through Halfmore, Inc..