SAN FRANCISCO, CA, Fintech startup TomoCredit has scored a $7 million seed funding round.
TomoCredit, a fintech startup offering a credit card designed to build credit history for first-time borrowers, scored a $7 million seed funding round, with participation from KB Investment; along with Barclays, Knollwood Investment Advisory, BAM Ventures, Passport Capital, Ulu Ventures, and Strong Ventures.
Notable angel investors also participating in the round include: Arlan Hamilton, founder of Backstage Capital; Michael Vaughan, former COO of Venmo; and James Kim, former head of finance at Tinder.
TomoCredit is a next-generation credit card, catering to young adults, international working professionals, students, and immigrants looking to build a better financial future in the U.S. Headquartered in San Francisco, TomoCredit processes millions of dollars in transactions monthly and is FDIC-insured through its partner bank, Community Federal Savings Bank.
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