Flourish Ventures

Flourish Ventures is a venture capital firm founded in 2019 and based in San Francisco, California. The firm focuses on early-stage investments in sectors such as banking, consumer lending, data analytics, digital payments, insurance technology, personal finance, and regulatory technology. With a commitment to advancing financial health and prosperity for individuals and small businesses, Flourish Ventures manages $850 million in assets and adopts a long-term investment approach. The firm collaborates with over 70 global fintech founders and 18 ecosystem partners, including influential figures in research, policy, and regulation, to promote a fair and inclusive economy. Flourish Ventures targets companies located in Asia, Africa, Latin America, and the United States, seeking to support innovations that contribute to a more equitable financial landscape.

Arjuna Costa

Managing Partner

Tilman Ehrbeck

Managing Partner

Su Fen Goh

Associate

Matt Kelly

Senior Investment Analyst

Pranav Mittal

Senior Investment Analyst

Tina Moran

Associate

Diana Narváez

Principal

Shaw, Emmalyn

Managing Partner

Crystal Sun

Senior Investment Analyst

Upadhyay, Ameya

Venture Partner

Past deals in Personal Finance

Unit

Series C in 2022
Unit is a financial infrastructure platform that enables technology companies to integrate financial features into their products, including accounts, cards, payments, and lending services. By streamlining the process of launching vertical banks, Unit manages compliance and maintains necessary banking relationships, allowing businesses to create customized banking experiences more efficiently. This capability not only helps companies save time but also enhances their product offerings, ultimately increasing customer lifetime value.

Cushion

Series A in 2022
Cushion is a venture-backed FinTech startup that is changing the way consumers pay their recurring bills. Our goal is to help Americans pay all of their bills in full and on time while avoiding nasty fees and penalties. To bring this vision to life, we are reimagining the experience from the ground up and looking for the best of the best people to join our team as we bring our game-changing bill pay solution to the tens of millions of Americans who need it: https://angel.co/company/cushion_ai/jobs

EarnUp

Series C in 2022
EarnUp Inc. is a fintech company based in San Francisco, California, that focuses on automating loan payments for consumers. Established in 2013, EarnUp's platform is designed to assist over 200 million Americans managing various types of debt, including home mortgages, student loans, auto loans, and personal loans. The platform allows users to set aside small amounts of money when they can afford it, which are then allocated for loan payments, helping users pay off their debts more efficiently. By syncing micro-payments with individual income and automating savings in real-time, EarnUp aims to alleviate the stress of financial management and empower users to take control of their financial situations.

Propel

Series B in 2022
Propel, Inc. is a technology company based in Brooklyn, New York, founded in 2014. It specializes in developing mobile software applications aimed at improving the financial health of low-income Americans. The company's primary product, Providers, is a free app designed for EBT cardholders, enabling them to manage their government benefits, such as SNAP and rental assistance. The app also helps users save on essential expenses and earn cash, while offering features that allow them to check their balance and organize budgets around local deals. Propel's focus is on empowering its users to better navigate financial challenges and enhance their economic well-being.

Kaleidofin

Series B in 2022
Kaleidofin is a fintech platform that provides complete financial solutions for excluded individuals and households. The platform propels under-banked customers towards meeting their real life goals by providing intuitive and tailored financial solutions. Their solutions take into account the financial roadblocks and vulnerability that these segments, such as volatile income streams and limited understanding of the fine print in financial products. Kaleidofin creates individual profiles of households based on several sources and uses that information to tailor its services for each customer. It also provides curated, goal-based financial solutions to people in the underbanked segments. It will leverage the full India stack, existing networks, analytics, structuring, and user-centered design to drive outcomes for customers, in the process Kaleidofin was founded in 2017 and is headquartered in Chennai, Tamil Nadu, India.

FairMoney

Series B in 2021
FairMoney is a mobile banking platform founded in 2017, operating from Paris, France, and Lagos, Nigeria. The platform specializes in providing credit to private and business borrowers, particularly targeting underbanked populations in emerging markets. By leveraging smartphone data, FairMoney develops an instant credit score for users, facilitating access to various loan types, including personal, business, medical, and car loans. The company has disbursed over 350,000 loans and aims to make financial services more accessible and affordable for millions in Africa and South-East Asia. With a team of 45 professionals and backing from European and American investors, FairMoney is committed to transforming the financial landscape for underserved communities.

Credflow

Seed Round in 2021
Credflow is a vertical specific cashflow management solution that leverages technology to build customized credit solutions and automate receivable collections. Credflow has the vision to revolutionize credit flow through the supply chain to help businesses grow exponentially - one vertical at a time. Credflow was founded in 2019 and is located in New Delhi, India.

EarnUp

Series B in 2021
EarnUp Inc. is a fintech company based in San Francisco, California, that focuses on automating loan payments for consumers. Established in 2013, EarnUp's platform is designed to assist over 200 million Americans managing various types of debt, including home mortgages, student loans, auto loans, and personal loans. The platform allows users to set aside small amounts of money when they can afford it, which are then allocated for loan payments, helping users pay off their debts more efficiently. By syncing micro-payments with individual income and automating savings in real-time, EarnUp aims to alleviate the stress of financial management and empower users to take control of their financial situations.

SeedFi

Series A in 2021
SeedFi, Inc. is an online platform that provides personal loan services specifically designed for lower-income consumers living paycheck to paycheck. Founded in early 2019 and based in San Francisco with an additional office in New York, the company aims to improve financial health by offering lower-cost access to capital and facilitating credit building. SeedFi's products cater to the needs of vulnerable individuals, enabling them to achieve financial stability through better access to financial services. By focusing on the challenges faced by these consumers, SeedFi seeks to empower them with the tools necessary for saving and improving their creditworthiness, ultimately helping them secure a more stable financial future.

Cushion

Venture Round in 2021
Cushion is a venture-backed FinTech startup that is changing the way consumers pay their recurring bills. Our goal is to help Americans pay all of their bills in full and on time while avoiding nasty fees and penalties. To bring this vision to life, we are reimagining the experience from the ground up and looking for the best of the best people to join our team as we bring our game-changing bill pay solution to the tens of millions of Americans who need it: https://angel.co/company/cushion_ai/jobs

Unit

Series A in 2020
Unit is a financial infrastructure platform that enables technology companies to integrate financial features into their products, including accounts, cards, payments, and lending services. By streamlining the process of launching vertical banks, Unit manages compliance and maintains necessary banking relationships, allowing businesses to create customized banking experiences more efficiently. This capability not only helps companies save time but also enhances their product offerings, ultimately increasing customer lifetime value.

albo

Series B in 2020
Albo is the leading Mexican challenger bank that helps you manage your money, and it can adapt to the user's lifestyle bringing them an honest service. Albo offers a mobile banking app, a banking account, and a Mastercard card, allowing the user to easily spend, save and invest money. Albo includes many other innovating functions besides the ones mentioned above.

ZestMoney

Series B in 2019
ZestMoney is a consumer lending fintech company based in India that facilitates digital equated monthly installment (EMI) payments without requiring a credit card or credit score. Founded in 2016 by Priya Sharma, Lizzie Chapman, and Ashish Anantharaman, ZestMoney aims to make EMI accessibility available to a broader audience. The company employs artificial intelligence and machine learning for customer risk profiling, allowing it to offer small loans to retail consumers. By collaborating with financial institutions and non-banking financial companies, ZestMoney enables clients to build their credit profiles and improve their credit scores. The firm is backed by prominent investors in digital financial services, including PayU and Ribbit Capital.

Kaleidofin

Series A in 2019
Kaleidofin is a fintech platform that provides complete financial solutions for excluded individuals and households. The platform propels under-banked customers towards meeting their real life goals by providing intuitive and tailored financial solutions. Their solutions take into account the financial roadblocks and vulnerability that these segments, such as volatile income streams and limited understanding of the fine print in financial products. Kaleidofin creates individual profiles of households based on several sources and uses that information to tailor its services for each customer. It also provides curated, goal-based financial solutions to people in the underbanked segments. It will leverage the full India stack, existing networks, analytics, structuring, and user-centered design to drive outcomes for customers, in the process Kaleidofin was founded in 2017 and is headquartered in Chennai, Tamil Nadu, India.

albo

Series A in 2019
Albo is the leading Mexican challenger bank that helps you manage your money, and it can adapt to the user's lifestyle bringing them an honest service. Albo offers a mobile banking app, a banking account, and a Mastercard card, allowing the user to easily spend, save and invest money. Albo includes many other innovating functions besides the ones mentioned above.

MyShubhLife

Series A in 2019
MyShubhLife is a full-stack financial services provider for the Next Half Billion. With Real-time analytics and credit reports based on alternative data, MyShubhLife reaches unserved and underserved market segments to provide meaningful financial inclusion. MyShubhLife has further strengthened its financial inclusion goal through its financial wellness program for corporates and individuals by expanding its portfolio to include Mini and Microloans, Insurance, Mutual Fund SIPS, Tax filing service, and more.

FairMoney

Series A in 2019
FairMoney is a mobile banking platform founded in 2017, operating from Paris, France, and Lagos, Nigeria. The platform specializes in providing credit to private and business borrowers, particularly targeting underbanked populations in emerging markets. By leveraging smartphone data, FairMoney develops an instant credit score for users, facilitating access to various loan types, including personal, business, medical, and car loans. The company has disbursed over 350,000 loans and aims to make financial services more accessible and affordable for millions in Africa and South-East Asia. With a team of 45 professionals and backing from European and American investors, FairMoney is committed to transforming the financial landscape for underserved communities.

Brigit

Series A in 2019
Brigit is a financial platform that focuses on promoting financial health and well-being for its users. The platform offers tools for cash advances, credit building, and financial management, allowing individuals to monitor their bills and budgets effectively. By providing insights into spending habits, Brigit helps users manage their finances more prudently and access credit options without incurring heavy interest costs. This approach aims to enhance users' financial stability and sustainability.

Clerkie

Seed Round in 2019
Clerkie is an AI financial planner that provides financial knowledge, personalized answers, and actionable plans.

Clerkie

Seed Round in 2019
Clerkie is an AI financial planner that provides financial knowledge, personalized answers, and actionable plans.

Cushion

Seed Round in 2019
Cushion is a venture-backed FinTech startup that is changing the way consumers pay their recurring bills. Our goal is to help Americans pay all of their bills in full and on time while avoiding nasty fees and penalties. To bring this vision to life, we are reimagining the experience from the ground up and looking for the best of the best people to join our team as we bring our game-changing bill pay solution to the tens of millions of Americans who need it: https://angel.co/company/cushion_ai/jobs

ZestMoney

Series B in 2019
ZestMoney is a consumer lending fintech company based in India that facilitates digital equated monthly installment (EMI) payments without requiring a credit card or credit score. Founded in 2016 by Priya Sharma, Lizzie Chapman, and Ashish Anantharaman, ZestMoney aims to make EMI accessibility available to a broader audience. The company employs artificial intelligence and machine learning for customer risk profiling, allowing it to offer small loans to retail consumers. By collaborating with financial institutions and non-banking financial companies, ZestMoney enables clients to build their credit profiles and improve their credit scores. The firm is backed by prominent investors in digital financial services, including PayU and Ribbit Capital.

Scribox

Series C in 2019
Scribox operates as a digital wealth management platform that facilitates mutual fund investments in India. Founded in 2012 and headquartered in Bengaluru, the platform allows users to buy and sell various mutual funds, including equity, debt, and tax-saving options. By providing financial advice and streamlined investment services, Scribox aims to enhance users' investment experiences and help them achieve better returns. The company's focus on simplifying the investment process makes it a valuable resource for individuals looking to navigate the complexities of mutual fund investing.

Cushion

Seed Round in 2019
Cushion is a venture-backed FinTech startup that is changing the way consumers pay their recurring bills. Our goal is to help Americans pay all of their bills in full and on time while avoiding nasty fees and penalties. To bring this vision to life, we are reimagining the experience from the ground up and looking for the best of the best people to join our team as we bring our game-changing bill pay solution to the tens of millions of Americans who need it: https://angel.co/company/cushion_ai/jobs

Propel

Series A in 2018
Propel, Inc. is a technology company based in Brooklyn, New York, founded in 2014. It specializes in developing mobile software applications aimed at improving the financial health of low-income Americans. The company's primary product, Providers, is a free app designed for EBT cardholders, enabling them to manage their government benefits, such as SNAP and rental assistance. The app also helps users save on essential expenses and earn cash, while offering features that allow them to check their balance and organize budgets around local deals. Propel's focus is on empowering its users to better navigate financial challenges and enhance their economic well-being.

Tez Financial Services

Seed Round in 2018
Tez Financial Services Limited is a digital non-banking microfinance company based in Karachi, Pakistan, incorporated in 2018. It offers a smartphone application that aggregates various financial services, targeting the unbanked and under-banked population. The platform provides products such as Tez Advance, which offers nano credit services, Tez Bima for insurance distribution, and Tez Sarmaya for medium-to-long term investments. By leveraging algorithms and artificial intelligence, the application analyzes users' digital footprints and consumption patterns to enhance financial access and support short-term liquidity needs while also offering security through health and term life insurance.

Chime

Series C in 2018
Chime is a mobile banking and finance platform. Their platform sets aside a pre-determined amount of money in savings after a transaction, and the company earns revenue from transaction fees paid by the merchant, aligning company incentives, enabling users to avoid fees, save money, and lead healthier financial lives.

Affordplan

Series B in 2018
Emerging from an intent to enable affordability to millions of ailing commoners, Affordplan provides tailored financial planning solutions that allow the people to plan, save & pay for their medical expenses beforehand. From pre-planned procedures like cosmetic dentistry to chronic or intensive conditions like cardiac care, an Affordplan is of aid to a diversified range of medical treatments.

Kaleidofin

Seed Round in 2018
Kaleidofin is a fintech platform that provides complete financial solutions for excluded individuals and households. The platform propels under-banked customers towards meeting their real life goals by providing intuitive and tailored financial solutions. Their solutions take into account the financial roadblocks and vulnerability that these segments, such as volatile income streams and limited understanding of the fine print in financial products. Kaleidofin creates individual profiles of households based on several sources and uses that information to tailor its services for each customer. It also provides curated, goal-based financial solutions to people in the underbanked segments. It will leverage the full India stack, existing networks, analytics, structuring, and user-centered design to drive outcomes for customers, in the process Kaleidofin was founded in 2017 and is headquartered in Chennai, Tamil Nadu, India.

Tandem

Series B in 2018
Tandem is creating a better bank, challenging legacy banking by building an app and products with input from their community of users. Tandem's goal is to make money simple, help their users save, and free up their time from financial stress.

Aspiration

Series B in 2017
Aspiration's business is providing solutions to consumers and enterprises to help them become carbon neutral. The biggest change over the past year has been the substantial increase in demand by both consumers and enterprises to take climate action by embedding carbon reduction solutions in their everyday activities. For Aspiration's over 6 million consumers, that happens by providing financial products, such as debit and credit cards, that embed in them carbon reduction solutions (like automatically offsetting the carbon footprint of purchases). For Aspiration's enterprise clients, that happens with our software based carbon footprint monitoring, access to our industry leading inventory of carbon reducing assets and use of our features that make our clients own products carbon neutral.

Guiabolso

Series D in 2017
Guiabolso is the fintech transforming the Brazilian financial system by pioneering Open Banking, to bring the benefits of open data access and analytics to millions of consumers and a fast-growing number of corporate customers. Launched in 2014, the Guiabolso app has a huge amount of granular financial data about its 6M users, powering consumer solutions of consolidated financial management, an in-app curated product marketplace and instant payment capabilities, while providing product partners access to unique segmenting and scoring capabilities. In addition, Guiabolso is the only company in Brazil with a fully launched and calibrated end-to-end Open Banking solution for B2B clients, going beyond just bank account data aggregation to offer modular value-add solutions such as advanced analytics, a white-label marketplace, and personal financial management features. The company was founded by Thiago Alvarez and Benjamin Gleason, two friends who met at McKinsey and aspired to use innovative technology and a focus on consumer impact to improve the lives of Brazilians and transform the financial system.

Chime

Series B in 2017
Chime is a mobile banking and finance platform. Their platform sets aside a pre-determined amount of money in savings after a transaction, and the company earns revenue from transaction fees paid by the merchant, aligning company incentives, enabling users to avoid fees, save money, and lead healthier financial lives.

Propel

Seed Round in 2017
Propel, Inc. is a technology company based in Brooklyn, New York, founded in 2014. It specializes in developing mobile software applications aimed at improving the financial health of low-income Americans. The company's primary product, Providers, is a free app designed for EBT cardholders, enabling them to manage their government benefits, such as SNAP and rental assistance. The app also helps users save on essential expenses and earn cash, while offering features that allow them to check their balance and organize budgets around local deals. Propel's focus is on empowering its users to better navigate financial challenges and enhance their economic well-being.

Tez Financial Services

Seed Round in 2017
Tez Financial Services Limited is a digital non-banking microfinance company based in Karachi, Pakistan, incorporated in 2018. It offers a smartphone application that aggregates various financial services, targeting the unbanked and under-banked population. The platform provides products such as Tez Advance, which offers nano credit services, Tez Bima for insurance distribution, and Tez Sarmaya for medium-to-long term investments. By leveraging algorithms and artificial intelligence, the application analyzes users' digital footprints and consumption patterns to enhance financial access and support short-term liquidity needs while also offering security through health and term life insurance.

ZestMoney

Series A in 2016
ZestMoney is a consumer lending fintech company based in India that facilitates digital equated monthly installment (EMI) payments without requiring a credit card or credit score. Founded in 2016 by Priya Sharma, Lizzie Chapman, and Ashish Anantharaman, ZestMoney aims to make EMI accessibility available to a broader audience. The company employs artificial intelligence and machine learning for customer risk profiling, allowing it to offer small loans to retail consumers. By collaborating with financial institutions and non-banking financial companies, ZestMoney enables clients to build their credit profiles and improve their credit scores. The firm is backed by prominent investors in digital financial services, including PayU and Ribbit Capital.

Scribox

Series B in 2016
Scribox operates as a digital wealth management platform that facilitates mutual fund investments in India. Founded in 2012 and headquartered in Bengaluru, the platform allows users to buy and sell various mutual funds, including equity, debt, and tax-saving options. By providing financial advice and streamlined investment services, Scribox aims to enhance users' investment experiences and help them achieve better returns. The company's focus on simplifying the investment process makes it a valuable resource for individuals looking to navigate the complexities of mutual fund investing.

Tandem

Series A in 2016
Tandem is creating a better bank, challenging legacy banking by building an app and products with input from their community of users. Tandem's goal is to make money simple, help their users save, and free up their time from financial stress.

Guiabolso

Series C in 2016
Guiabolso is the fintech transforming the Brazilian financial system by pioneering Open Banking, to bring the benefits of open data access and analytics to millions of consumers and a fast-growing number of corporate customers. Launched in 2014, the Guiabolso app has a huge amount of granular financial data about its 6M users, powering consumer solutions of consolidated financial management, an in-app curated product marketplace and instant payment capabilities, while providing product partners access to unique segmenting and scoring capabilities. In addition, Guiabolso is the only company in Brazil with a fully launched and calibrated end-to-end Open Banking solution for B2B clients, going beyond just bank account data aggregation to offer modular value-add solutions such as advanced analytics, a white-label marketplace, and personal financial management features. The company was founded by Thiago Alvarez and Benjamin Gleason, two friends who met at McKinsey and aspired to use innovative technology and a focus on consumer impact to improve the lives of Brazilians and transform the financial system.

ZestMoney

Seed Round in 2015
ZestMoney is a consumer lending fintech company based in India that facilitates digital equated monthly installment (EMI) payments without requiring a credit card or credit score. Founded in 2016 by Priya Sharma, Lizzie Chapman, and Ashish Anantharaman, ZestMoney aims to make EMI accessibility available to a broader audience. The company employs artificial intelligence and machine learning for customer risk profiling, allowing it to offer small loans to retail consumers. By collaborating with financial institutions and non-banking financial companies, ZestMoney enables clients to build their credit profiles and improve their credit scores. The firm is backed by prominent investors in digital financial services, including PayU and Ribbit Capital.

Scribox

Series A in 2015
Scribox operates as a digital wealth management platform that facilitates mutual fund investments in India. Founded in 2012 and headquartered in Bengaluru, the platform allows users to buy and sell various mutual funds, including equity, debt, and tax-saving options. By providing financial advice and streamlined investment services, Scribox aims to enhance users' investment experiences and help them achieve better returns. The company's focus on simplifying the investment process makes it a valuable resource for individuals looking to navigate the complexities of mutual fund investing.
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