Grow Credit, a minority-led startup financial inclusion platform, announced that Mucker Capital, a Santa Monica-based fund, has joined its seed funding round, bringing its total seed investment total to $2M.
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Grow Credit gets funding from Mucker Capital to close $2M seed round.
The fund joins other prominent investors, including Jason Robins, CEO and Founder at Draftkings; Sebastien Deguy, VP of 3D at Adobe; and NFL Hall of Famer and Super Bowl champion Ronnie Lott.
Grow is the first platform in the United States to enable consumers to establish or build their credit score for free using new or existing subscriptions including HBO Max, Disney Plus, Netflix, Spotify, and many more. The platform also helps consumers establish or build credit using cellphone bills from AT&T, Verizon, Sprint, and T-Mobile.
“In the current market environment, more consumers than ever will need to build or rebuild their credit score,” said Joe Bayen, CEO and founder at Grow Credit, “that is why we are thrilled that the Mucker team has embraced our vision to create a more inclusive society, through our financial inclusion platform.”
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Mucker has had an impressive success record in the Fintech space. Honey, one of their portfolio companies which they seed-funded, was acquired by PayPal for $4B this past November.
Erik Rannala, founder at Mucker Capital, adds that “Grow Credit levels the personal finance playing field for regular, everyday people and creates a more comprehensive view of a consumer’s credit. When people pay their cellphone bills or their Netflix bills on time every month, why shouldn’t that be reflected positively on their credit? We couldn’t be happier to support Joe and Grow Credit standing up for consumers to help them build a stronger financial future for themselves and their families.”
