Newly, a Washington, WA-based fintech startup, raised $1.25M in Pre-Seed funding.
The round was led by Tenacity Venture Capital.The company intends to use the funds to accelerate growth and expand operations.Founded in 2021 by Eric Blue, Nevly announced the launch of its web app, “Nevly Money,” which leverages advances in financial technology to deliver personalized, data-driven solutions to the 48 million Americans currently struggling with poor credit scores. It is designed to provide a solution to consumers who need to improve their credit score faster and at a fraction of the cost of legacy credit repair service providers. The company will also launch a mobile app later this year, with an AI-powered financial health assistant that utilizes consumer transaction data to score and dynamically re-score a consumer’s financial health utilizing an eight-factor composite definition of financial health while also delivering personalized in-app insights, that can provide a next step after a person’s credit score is improved.09/02/2023
