About Purpose Finance
Purpose Finance is a company based in San Francisco (United States) founded in 2020 by Brendan Tobin, Anna Matalon, and Jon Sheller. Purpose Finance has raised $125 thousand across 1 funding round from investors including Y Combinator. Purpose Finance operates in a competitive market with competitors including Funding Circle, Chime, Stash, Dave and Albert, among others.
- Headquarter San Francisco, United States
- Founders Brendan Tobin, Anna Matalon, Jon Sheller
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
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EBITDA
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Total Equity Funding
$125 K (USD)
in 1 rounds
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Latest Funding Round
$125 K (USD), Seed
Oct 01, 2021
- Investors
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Employee Count
Not available
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Funding Insights of Purpose Finance
Purpose Finance has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in October 2021. 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 Purpose Finance
Purpose Finance has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
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Early-stage startups are accelerated via funding and educational programs.
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Investor details for Purpose Finance
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Investments & Acquisitions by Purpose Finance
Investment portfolio details for Purpose Finance
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Financial Statements - Purpose Finance
Detailed financials for Purpose Finance
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Purpose Finance Comparisons
Peer comparison for Purpose Finance
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Competitors of Purpose Finance
Purpose Finance 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 Funding Circle, Chime, Stash, Dave and Albert, among others.
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A peer-to-peer marketplace for business loans is operated and developed.
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Digital banking services are offered to individuals via mobile apps.
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Automated investment and robo-advisory services are offered to individuals.
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Digital banking services are provided for easier financial management.
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Digital banking app is offered for savings, investing, and budgeting.
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Digital banking solutions are offered to individuals through mobile apps.
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Detailed competitors of Purpose Finance
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Latest news on Purpose Finance
Complete news archive for Purpose Finance
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Frequently Asked Questions about Purpose Finance
Purpose Finance was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Purpose Finance is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Anna Matalon is the current CEO of Purpose Finance. They have also founded this company.
Purpose Finance is a funded company, having raised a total of $125K across 1 funding round to date.
Purpose Finance was founded in 2020 in San Francisco, United States, as a fintech platform in the financial services sector. Alternative savings accounts, loans, and deposit options are provided for individuals and businesses, including checking accounts and growth capital. Operations focus on enabling ethical deposits, with consumer funds directed toward ethical lending practices. Services are delivered through an online domain.
Purpose Finance's top competitors include Chime, Funding Circle and Albert.
Purpose Finance has 1 investor. Key investors include Y Combinator.