Alma Financial
High yield neo-bank for underbanked users in the US
Last Funded May 2023
$1,534,601
raised from 78 investors
Highlights
Y Combinator
Raised from Y Combinator
1
$1.5 m raised from Lombardstreet Ventures, Pioneer Fund, Stonks Fund, Xoogler Fund
2
High yield savings account to help underbanked people manage spend and build credit
3
Founder is Ex-Facebook Novi Wallet, built MPC, and grew fiat wallet from 200k to 40m users
4
Using a prize-linked business model to encourage saving
Our Founder
CEO & Co-founder
Product manager and entrepreneur in the internet industry with experience in social, advertising, fintech (lending + payments), and machine learning product verticals. Graduated as a Westgate Scholar from Johns Hopkins University.
Alma Financial
We are building a high yield savings account with low fees and debit cards for underbanked population in the U.S. (and eventually, beyond).
We want to help people manage their spend and build credit. To encourage users to save, we plan to use the prize linked savings model (reference).
Our intention is to launch our MVP in 3 - 6 months.
The team
Agni was a PM who led growth for the fiat side of the Novi wallet, driving it from 200k to 40M users.
Funding
We graduated from YC in Summer '22. Since then we've raised about $1.5M and pivoted our idea to Alma.
Join us.