VVerve Super is an ethical superannuation fund focused on women. It manages retirement savings for female clients in Australia and charges management fees on the funds it administers. Its product works by pooling members' contributions into a diversified portfolio aligned with ethical and sustainable investments, with insights and resources on financial relief, mental health, and legal rights—especially during COVID-19. Verve differentiates itself through a gender-specific approach and a community-driven model, including a Facebook group for women to discuss money and life, and by offering guidance and support tailored to women's financial needs. The company’s goal is to empower women financially, promote sustainability, and help women achieve financial independence through ethical investing and a supportive community.
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Industries
Company Size
11-50
Company Stage
Seed
Total Funding
$3.9M
Headquarters
Melbourne VIC, Australia
Founded
2018
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Total Funding
$3.9M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Within the space of five years the 'for women, by women' superannuation fund Verve Super has accumulated $270 million in funds under management (FUM), but now the group is broadening its horizons with the launch of an ethical investing app Verve Money following an oversubscribed pre-Series A round.
Verve cofounder Christina Hobbs said the deal it gives the five-year-old startup the ability to leverage Future Group’s expertise.
Future Super announced the acquisition of Verve Super on Wednesday, highlighting a successful exit story for the co founders and investors, as well as the powerful outcomes women founders achieve for their business and their overall mission.
Women focused superannuation fintech Verve has raised $3 million in a pre-Series A as it looks to expand its financial services offerings.
Verve Super has launched a free three-step money course.
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Industries
Company Size
11-50
Company Stage
Seed
Total Funding
$3.9M
Headquarters
Melbourne VIC, Australia
Founded
2018
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs