About Onward
Onward is a Technology company based in Los Angeles (United States) founded in 2015, and was acquired by SaverLife in May 2021. Employee finances are tracked and planned via Onwards software platform. It operates on a Professional Services and Donation / Grant-Based model. Onward has raised $2 million across 2 funding rounds from investors including Fast Forward and SaverLife. The company has 4 employees. Onward offers products and services including Financial Education and Financial Coaching. Its focus areas include Financial Services, Banking and Credit Unions. Its legal entity is Centra Credit Union. Its competitors include Brex, Expensify and Nava Benefits; 3 of its 3 listed competitors have raised funding.
Company details
Financial inclusion is promoted by Onward, a mission-driven initiative of Centra Credit Union. Focus is placed on reaching underbanked and unbanked individuals through free, unbiased, and bilingual financial education. Services such as group workshops, one-on-one training, and virtual coaching sessions are offered. Community partnerships with local businesses, non-profits, and schools are established to deliver relevant financial topics. Advocacy for members and communities is conducted by educating lawmakers on financial policy impacts. The sector served includes individuals and communities seeking financial empowerment and independence.
- Headquarters Los Angeles, United States
- Employees 4
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website onward.org
- Social X Facebook
- Acquired by SaverLife (May 2021)
- Legal Name Centra Credit Union
- Net Profit-$1.66 M (USD)-67as on Dec 31, 2017
- Total Equity Funding$2M (USD)
in 2 rounds
- Latest Funding Round$25K (USD), Grant
Jun 2017
- InvestorsFast Forward
& 1 more
- Employee Count4
- Acquired bySaverLife
(May 2021)
Products & Services of Onward
Onward offers a comprehensive portfolio of products and services, including Financial Education and Financial Coaching.
Free financial education is provided for community empowerment.
One-on-one financial coaching is offered for personal guidance.
Funding Insights of Onward
Onward has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $25 thousand completed in June 2017. 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 $2M
- Total Rounds 2
- Last Round Grant — $25,000
- First Round $2M
(Mar 2016)
- Investors Count 1
All 2 funding rounds of Onward 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 |
|---|---|---|---|---|---|
| Jun 2017 | $25,000 | Grant | – | – | |
| Mar 2016 | $2M | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Onward
Onward has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Fast Forward and SaverLife.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated via grants and mentorship programs. | 1992 | ffwd.org | San Francisco, United States | |
Foundation focusing on saving money | 2001 | saverlife.org | San Francisco, United States |
Investor details for Onward
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People of Onward
12 people are tracked at Onward (2 in leadership, 4 in board & advisors, 6 in team); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
Jennifer Stoff Sood | COO | Leadership |
Ronnie Washington | Founder & CEO | Leadership |
Kenneth Singleton | Board Member | Board & advisors |
Stephanie Khurana | Board Member | Board & advisors |
Lisa Ledbetter | Board Member | Board & advisors |
Karin Meyer | Board Member | Board & advisors |
Charlie Schulze | Lead Mobile Engineer | Team |
Nina Stein | Marketing Intern | Team |
Alex Valencia | Customer Success Lead | Team |
Carma Parrish | SVP Financial | Team |
Cristina Garza | Financial Inclusion Development Manager | Team |
Marco Dominguez | AVP Financial | Team |
Complete people profiles for Onward
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Onward
4 dated milestones of Onward across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Onward is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Grant, of $25K.
- Exit Acquired by SaverLife.
Competitors of Onward
Onward has 3 listed competitors in our database, 3 of them funded. They include Brex, Expensify and Nava Benefits.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| brex.com | 2017 | Draper, United States | $1.2B | SaaS-driven credit card and spend management solutions platform for businesses | ||
| expensify.com | 2008 | San Francisco, United States | $27.75M | 133 | Cloud-based expense management solutions are offered for business travelers. | |
| navabenefits.com | 2019 | New York, United States | $90M | Employee benefits brokerage and administrative services are provided to companies. |
Detailed competitors of Onward
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Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Onward (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Onward
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Frequently Asked Questions about Onward
Onward was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Onward is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Onward is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Mar 2016.
Onward has 4 employees.
Financial inclusion is promoted by Onward, a mission-driven initiative of Centra Credit Union. Focus is placed on reaching underbanked and unbanked individuals through free, unbiased, and bilingual financial education. Services such as group workshops, one-on-one training, and virtual coaching sessions are offered. Community partnerships with local businesses, non-profits, and schools are established to deliver relevant financial topics. Advocacy for members and communities is conducted by educating lawmakers on financial policy impacts. The sector served includes individuals and communities seeking financial empowerment and independence.
Onward's top competitors include Brex, Expensify and Nava Benefits.
Onward offers Financial Education and Financial Coaching.
Onward has 2 investors. Key investors include Fast Forward, and SaverLife.
Onward operates through Centra Credit Union.
Yes. Onward was acquired by SaverLife in May 2021.