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Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$300M
Headquarters
New York City, New York
Founded
2022
One Finance provides a digital banking platform through its mobile app, allowing users to manage their finances conveniently. The app offers a debit Mastercard® and is designed for both individuals and small businesses. By partnering with Coastal Community Bank, One Finance enables users to access banking services without being a bank itself. A key feature of the app is its high-yield savings account, which offers an Annual Percentage Yield (APY) of up to 5.00% on balances up to $250,000, significantly higher than typical savings accounts. The company generates revenue through interchange fees from debit card transactions and offers additional benefits like early direct deposit, cash back at Walmart, and overdraft protection. One Finance aims to provide a cost-effective and user-friendly financial management solution, distinguishing itself in the fintech market with its attractive savings rates and comprehensive features.
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Total Funding
$300M
Above
Industry Average
Funded Over
2 Rounds
401(k) Company Match
Flexible Work Hours
Remote Work Options
Stock Options
Paid Vacation
Paid Sick Leave
Paid Parental Leave
Paid Caregiver Leave
GeekWire’s startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory .An array of Tolan animated AI companions. (Portola Image)The promise and potential of artificial intelligence to be more than just a disembodied voice or text bubble took another colorful step forward with the official launch of Tolan, an animated AI companion from a startup with roots in Seattle and a host of big-name tech backers.Portola is the company behind the alien creatures who are out to become our new virtual best friends. The startup’s co-founders include CEO Quinten Farmer of Seattle, who grew up on Whidbey Island, Wash.; CTO Evan Goldschmidt; and President Ajay Mehta, who grew up in Bellevue.Farmer is the co-founder and former CEO of Even, a venture-backed fintech startup that was acquired by Walmart in 2022 for $300 million. Goldschmidt was a founding engineer and CTO at Even.Portola raised $10 million in a seed funding round led by Lachy Groom, a former executive at Stripe who co-founded Physical Intelligence, an AI startup that raised $400 million from Jeff Bezos and others. Portola backers also include Nat Friedman (former GitHub CEO); Daniel Gross (ex-Apple AI); Amjad Masad (Replit CEO); Mike Krieger (Instagram co-founder); David Luan (OpenAI, Amazon); and others.The Tolan app, available on iOS, soft-launched in late 2024 and has already attracted 500,000 downloads among people looking for conversational companionship around everything from what to make for dinner, what to wear, how to study for an exam, and more.“I knew that the idea of a voice companion, and the technology to build such a thing, was all pointed in the right direction,” Farmer told GeekWire
It seems as if consumers can buy just about anything from Amazon. Now, you can add cars to that list. Can Amazon Autos become a go-to destination for car buyers, providing Amazon with a competitive edge in an area where Walmart has yet to establish a strong presence?. While Walmart does sell and even buy cars through its Carsaver partnership, the company still relies on third parties to handle the bulk of the transaction process. This leaves an opportunity for Amazon to take a more direct approach, leveraging its vast ecosystem and tech-driven conveniences to elevate the car-buying experience
Walmart is injecting more funds into its fintech startup, One, achieving a valuation of $2.5 billion. This move underscores Walmart's ambition to expand further into financial services. The retail giant, alongside investment firm Ribbit Capital, is leading a funding round exceeding $300 million. Walmart holds a majority stake in One, aiming to strengthen its position in the financial services sector.
Walmart and investment firm Ribbit Capital are reportedly leading a funding round of more than $300 million for FinTech startup One, which is majority-owned by Walmart. The round, which has not closed, would value One at $2.5 billion before the new money is raised, Bloomberg reported Thursday (Dec. 12), citing an unnamed source. Neither Walmart nor Ribbit Capital immediately replied to PYMNTS’ request for comment
Although it didn’t address two big elephants in the room, buy now, pay later company Affirm rode solid advancements in its debit card and gross merchandise volume metrics to better-than-expected Q3 earnings results. In what is a continuing referendum on consumer spend this earnings season, CEO Max Levchin painted a picture of a consumer financing FinTech that is cautiously increasing its risk exposure by extending credit to a larger consumer base while trying to maintain control over credit outcomes. As the company reported Wednesday morning (May 8), Affirm saw its gross merchandise volume (GMV) surge 36% year-over-year to $6.3 billion, marking the fourth consecutive quarter of accelerating growth
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Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$300M
Headquarters
New York City, New York
Founded
2022
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