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Venture Capital News: Charlie Nabs $23M Series A Round

2023-10-31
LOS ANGELES, CA, Charlie, the new standard for 62+ banking services*, announced it has raised a $23 million Series A with TTV Capital serving as the lead investor.
FPV also participated in the round as well as other seed investors including Better Tomorrow Ventures. The capital is a combination of $16M equity and $7M debt. This funding round comes just six months after the company's launch in May 2023. Since its launch, the company has acquired customers in all 50 states. Charlie will use the new funds to accelerate company growth and launch industry-first financial fraud protections specifically designed for the unique needs of older Americans. With over $28 billion stolen from older Americans every year, Charlie's anti-fraud tools will be a game-changer in the fight against financial fraud.

Charlie is the new standard for 62+ banking* services. Charlie helps retirees make the most of their limited resources with features including faster access to their Social Security check, competitive earnings on deposits and no monthly fees or minimums, as well as US-based customer service, and a simple, transparent digital experience designed for their needs. Charlie is transforming financial services for the 62+ community and providing peace of mind around their financial present and future. Charlie is not a bank, banking services provided by Sutton Bank; Member FDIC.
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