HelloWallet Closes $3.6 MM Series A FInancing
HelloWallet, a personal finance website dedicated to helping people reach their financial goals, has announced closing $3.6 million in Series A funding, led by Grotech Ventures along with an investment by Jean and Steve Case. The company, which launched in March 2010, provides its service through partnerships with companies and other organizations that employ or serve more than 3.5 million people.
HelloWallet helps users track and proactively manage their personal finances. While other personal finance management solutions look backwards by focusing on spending history and trends, HelloWallet also looks forward to proactively uncover savings opportunities and potential threats for its members. Unlike many financial management sites, HelloWallet does not allow banks to advertise or promote products, so its trusted recommendations are not influenced by any business interests.
“This round of funding reaffirms the value and potential of our service and will allow us to accelerate the accessibility of HelloWallet across a broad spectrum of the US population,” says Matt Fellowes, CEO and Founder of HelloWallet and former Fellow at the Brookings Institution.
“A highly secure technology platform, supported by powerful proprietary analytics, provides an opportunity to deliver a low cost online solution to the eighty percent of Americans who do not have a financial advisor to guide them through their financial decision making,” adds Don Rainey, general partner of Grotech Ventures.
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