There’s big news out of Mine this morning.
We’ve officially closed a $14.4 million seed funding round from Kleiner Perkins and some of Silicon Valley’s top venture capital funds + angel investors. With hundreds of new cardholders joining every week, Mine Premium becoming available to users, and now this massive fundraising announcement, it’s never been a better time to be a part of the Mine family.
It’s no secret that the current fundraising environment isn’t an easy one. Which is part of why we’re so excited to be able to announce this round of funding. At a time when financial literacy rates are at record lows and young adults are taking on record amounts of credit card debt, it’s unbelievably exciting to be able to further our mission of helping young adults achieve their financial goals.
What exactly do we have planned given this new influx of funding? Well, while we can’t give everything away just yet, know that the Mine team is already hard at work fine tuning the Mine experience that our users have come to know and love. From more reliable bank account connections and fraud prevention measures to boosted surprises for Mine Premium members and better tools to help cardholders and Mine app users succeed financially (including some that will utilize Mine’s proprietary AI), there’s lots already in the works and a ton of new features yet to come.
If you’re reading this, we’re so excited to have you with us on this important step of our journey towards becoming the financial ally of young adults. Whether you’re a Mine user, a potential team member, thinking about signing up, or just watching from the sidelines, we appreciate your love and support.
We can’t wait to show you what’s in store.
