Alma Financial

High yield neo-bank for underbanked users in the US

https://wefunder.com/alma

Total raised on Wefunder: 25551

Total investors: 78

Quick facts

  • $1.5 m raised from Lombardstreet Ventures, Pioneer Fund, Stonks Fund, Xoogler Fund
  • High yield savings account to help underbanked people manage spend and build credit
  • Founder is Ex-Facebook Novi Wallet, built MPC, and grew fiat wallet from 200k to 40m users
  • Using a prize-linked business model to encourage saving
  • Angels include executives at Brigit and Strikingly

Team profiles

Featured investor profiles

Alma Financial

High yield neo-bank for underbanked users in the US

Funded badge
Last Funded May 2023

$1,533,551

raised from 78 investors

Highlights

Y Combinator

Raised from Y Combinator

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

Related company links

Team

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.

Overview