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Mobile Banking App Empower Finance Closes $20 Million Series A

Mobile Banking App Empower Finance Closes $20 Million Series A

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FintechNews RoundupUSA
··1 min read

Empower is a new digital banking that helps consumers earn, save and spend money more wisely; the company, founded by former Sequoia Capital partner Warren Hogarth, just closed a $20 million Series A from Icon Ventures and Defy Ventures; David Velez, the founder and CEO of Nubank, also participated in the round; Empower has 600,000 active users and they are attracted by the company’s promise of combining AI and actual human financial planners to help millennials accrue wealth and save money; their savings account pays 1.60% as of today with no minimums, no overdraft fees and unlimited withdrawals; users pay $6 per month but the app helps them save $1,300 more annually. Tech Crunch

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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