Finvest
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Finvest - overview
Established
2023
Location
San Francisco, CA, US
Primary Industry
Financial Services
About
Based in California, US, and founded in 2023 by CEO Shivam Bharuka and Arnav Sahu, Get Moving Inc. , d. b. a.
Finvest, operates as a financial technology company that focuses on providing an investment platform for investing in US Treasury bills. In February 2024, Finvest raised USD 2. 7 million in venture funding from Fractal Ventures, Pioneer Fund, Olive Tree Capital, Y Combinator, Unpopular Ventures, and Bayhouse Capital. The company provides an investment platform that allows users to create an account, add a bank account, initiate a deposit, and invest in fixed-income assets like US Treasury bonds.
Finvest generates revenue by charging a flat management fee of 0. 03% per month on the average daily market value of the client’s treasury assets and monthly management fees. The company plans to use its proceeds from February 2024 funding to expand its engineering team and eventually add other asset classes to the application, for example, corporate bonds and municipal bonds.
Current Investors
Y Combinator, Pioneer Fund, Unpopular Ventures
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.getfinvest.com
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Early Stage
Total Amount Raised
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