Cushion Relaunches with Fresh Capital and Infrastructure

Cushion is a fintech startup that helps customers to lower the fees they pay to their financial institutions; the app brings in a users bank account history to determine what fees have been paid and negotiates on their behalf to get a full or partial refund; the company initially launched in 2016 but ran into issues when using another popular fintech Plaid; the company instead built their own infrastructure and relaunched in late 2018 and just announced a new round of capital from 9Yards Capital, Flourish, Green Cow Venture Capital and Vestigo Ventures; the company hopes to expand product offerings in the future but is now determined to help customers lower the fees they pay for banking. Source.

Sign up for our Newsletters

Every morning the LendIt Fintech News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!