Female-led ethical fintech Verve raises $3M for Verve Money
Verve, a multi-award-winning, female-focused fintech, just wrapped up a $3M pre-Series A funding round. Empowering women’s finances has never been more promising, especially with Verve’s latest brainchild, Verve Money.
Riding high on a wave of recognition and success, Verve, a multi-year award winner at the Pause Awards, is not hitting pause on its mission to ignite financial power for women. The acclaimed fintech, co-founded by Christina Hobbs, Alex Andrews, and Zoe Lamont, recently scooped up two prestigious awards in 2022: You’ve Got Ethics (Grand Prix) and Going Green. Now, they’re continuing their winning streak with a $3 million pre-Series A funding round that’s set to turbocharge their services.
We had a grand vision and were desperate to bring it to life. It’s incredibly encouraging that impact-focused investors quickly got behind us.Christina Hobbs, CEO at Verve
Verve has been making waves in the financial world, earning a reputation for its women-centric approach. Just recently, it completed a robust funding round backed by Alberts, an impact-focused family office. The round was anticipated to be a challenging journey, yet, with investors rallying behind the cause, it closed early – a testament to the faith in Verve’s vision.
Christina Hobbs, Verve’s CEO, shared her relief and excitement, stating, “We had a grand vision and were desperate to bring it to life. It’s incredibly encouraging that impact-focused investors quickly got behind us.”
In 2019, Verve embarked on its mission to bridge the gender wealth gap, targeting the superannuation savings disparity between men and women. Flash forward to the present, and Verve is gearing up to broaden its women-focused services. Their latest venture, ‘Verve Money’, is a cutting-edge ethical investment platform specifically designed for women. With a focus on ethically curated portfolios and a minimum 20% investment in climate solutions, it aligns perfectly with their Going Green ethos.
Verve is proud to have attracted close to 9,000 members across its two products, Verve Super and Verve Money, and has built a community of over 25,000 members. The recent $3 million funding will be channelled towards the expansion of the Verve Money platform and growth in membership.
While the majority of its investors are women, Verve is thrilled to see its product resonating with men and non-binary individuals. The company’s goal is to foster a broad community of ethical investors who use the power of their money to effect change in the world.
Verve’s progress shines a light on the path towards financial services innovation, championing women investors in Australia and beyond. In an ever-evolving financial landscape, Verve’s steadfast commitment to economic equality and ethical investment is a powerful reminder of how finance can be harnessed for wealth creation and a better world.